publication . Other literature type . Article . 2010

The Impact of Corporate Governance on the Efficiency Performance of the Thai Non-Life Insurance Industry

Wen-Yen Hsu; Pongpitch Petchsakulwong;
  • Published: 29 Sep 2010
  • Publisher: Springer Science and Business Media LLC
Abstract
This paper examines the relation between corporate governance and efficiency performance of public non-life insurance companies in Thailand over the period 2000–2007. Data envelopment analysis is used to compute an insurer's efficiency performance including technical, allocative, cost, and revenue efficiency. We then employ truncated bootstrapped regression to test the relation between efficiency performance and corporate governance. The results show that the characteristics of corporate governance influence the efficiency performance of non-life insurers. In particular, board independence, diligence, and firm size have a positive impact on the efficiency perfor...
Subjects
free text keywords: Economics and Econometrics, Accounting, General Business, Management and Accounting, Finance, Audit committee, Empirical evidence, Risk management, business.industry, business, Actuarial science, Data envelopment analysis, Voting, media_common.quotation_subject, media_common, Economics, Corporate governance, Allocative efficiency, Cash flow
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publication . Other literature type . Article . 2010

The Impact of Corporate Governance on the Efficiency Performance of the Thai Non-Life Insurance Industry

Wen-Yen Hsu; Pongpitch Petchsakulwong;