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dc.contributor.authorRubio-Misas, Maria 
dc.contributor.authorCummins, J. david
dc.date.accessioned2016-09-28T08:39:13Z
dc.date.available2016-09-28T08:39:13Z
dc.date.issued2016-09-28
dc.identifier.urihttp://hdl.handle.net/10630/12112
dc.description.abstractThis study examines the impact of integration on the efficiency of European Union (EU) life insurance markets for the post deregulation period 1998-2007. To assess the effects of deregulation, we first estimate cost and revenue efficiencies by applying the metafrontier data envelopment analysis (DEA) approach, which facilitates efficiency comparisons across countries. In the second stage, we test the degree of inter-country convergence as well as cross sectional dispersion by using panel data models. Our findings show that efficiencies have converged and that the dispersion of mean efficiency scores across countries has been reduced, providing evidence of integration in the EU life insurance market. Results also show the β-convergence and σ-convergence in metatechnology efficiency ratios suggesting that technological discrepancy among the life insurance markets of major EU countries has decreased. We also find that financial market development, legal and governmental systems, as well as competitive intensity affect insurance market performance and integration.es_ES
dc.description.sponsorshipUniversidad de Málaga. Campus de Excelencia Internacional Andalucía Tech.es_ES
dc.language.isoenges_ES
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.subjectCompañías de seguroses_ES
dc.titleIntegration and Efficiency convergence in European Life Insurance marketses_ES
dc.title.alternativeEfficiency and Integration Convergence in European Life Insurance marketses_ES
dc.typeinfo:eu-repo/semantics/conferenceObjectes_ES
dc.centroFacultad de Ciencias Económicas y Empresarialeses_ES
dc.relation.eventtitleThe International Conference on Multidimensional Finance, Insurance and Investmentes_ES
dc.relation.eventplaceAlcoy (Alicante)es_ES
dc.relation.eventdate26-29 junio 2016es_ES
dc.cclicenseby-nc-ndes_ES


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