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AN EMPIRICAL STUDY OF EFFICIENCY IN CROATIA AND SLOVENIA INSURANCE MARKETS

Darko Medved
Slavka Kavčič


Puni tekst: engleski pdf 1.374 Kb

str. 105-120

preuzimanja: 1.738

citiraj


Sažetak

In this paper we analyze insurance efficiency in Slovenia and Croatia between 2006 and 2010 using a Data Envelopment Analysis. We perform both intra- and inter- country efficiency surveys. The intra country survey indicates that on average companies in Croatia operate more efficiently than companies in Slovenia. A positive trend of scale efficiency improvement due to mergers and acquisitions which took place in recent years in Croatia is also detected. Nevertheless, the inter-industry analysis indicates that the Slovenian insurance industry dominates Croatian cost and technical efficiency, which shows a low efficiency position of the insurance market in Croatia. Analysis also shows that inefficiency in Croatia is more affected by inefficient internal company operation than in Slovenia.

Ključne riječi

Data Envelopment Analysis; Cost Efficiency; Technical Efficiency; Scale Efficiency; Croatia; Slovenia

Hrčak ID:

80015

URI

https://hrcak.srce.hr/80015

Datum izdavanja:

1.4.2012.

Podaci na drugim jezicima: hrvatski

Posjeta: 3.039 *