• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文学位 >Essays on organizational form and efficiency in the Takaful insurance industry.
【24h】

Essays on organizational form and efficiency in the Takaful insurance industry.

机译：回教保险业的组织形式和效率论文。

获取原文
获取原文并翻译 | 示例
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

Many studies have focused on the insurance industry in the US and other developed countries. Few studies have investigated the efficiency and organizational form in developing countries. This is particularly true for the Takaful insurance industry. Takaful insurance is mutual insurance based on Islamic principles. The rapid growth of Takaful insurers in many countries around the world and their long existence make it important to examine them.;Chapter 1 discusses the history and the practice of insurance during the time of ancient Arabs tribes. I discuss the conduct of the Holy Prophet (SAW) relating to insurance practice. I also briefly outlines the development of Islamic insurance in the fourteenth to the seventh centuries, nineteenth century, and the development in the twentieth century.;Chapter 2 investigates economies of scope and agency problems for Takaful insurance companies operating in 19 countries. I test the conglomeration hypothesis, which holds that firms can optimize by diversifying across businesses, versus the strategic focus hypothesis, which holds that firms improve by focusing on core businesses. More specifically, I analyze whether it is advantageous for insurers to offer both property-liability insurance and family insurance (life insurance), or to specialize in one major industry segment. I also test for agency problems, which imply that firms must motivate the agent to ensure compliance with the principal's wealth maximization objectives. That is, I analyze whether it is advantageous for insurers to operate under a Mudharaba (profit sharing) model or operate under a Wakala (fee based) model. I estimate cost efficiency utilizing data envelopment analysis (DEA). Then, I test for scope economies and agency problems by regressing efficiency scores on control variables and indicators for strategic focus and the operating model. The results show that the Wakala operating model is cost inefficient and focused Takaful insurers are associated with higher cost efficiency.;Chapter 3 investigates the relationship between insolvency risk and efficiency for Takaful insurers. I measure the insolvency risk by computing the z-score which measure distance to default. I calculate the efficiency scores using Data Envelopment Analysis (DEA). I find that efficient firms have a higher distance to default. I also find that firms which operate in multiple lines are penalized for diversification by being more likely to become insolvent. In addition, I show that investing in sukkuk and real-estate increase the insolvency risk.;Chapter 4 analyzes the coexistence of Takaful and conventional insurance. I analyze the efficiency of different organizational forms in 13 countries. Technical, allocative, cost, and revenue frontiers were estimated using data envelopment analysis. I test the expense preference hypothesis and efficient structure hypothesis. I find evidence for the efficient structure hypothesis which claims that the two organizational forms serve different market segments due to differences in managerial discretion and access to capital. I also find evidence for the expense preference hypothesis which states that mutual insurers are less cost efficient than stock insurers due to unresolved agency conflicts (e.g., higher bonus consumption by mutual managers). The results provide insight into the competitiveness of conventional and Takaful insurers from different countries. Finally, chapter 5 concludes the main results of the study.
机译：许多研究集中在美国和其他发达国家的保险业。很少有研究调查发展中国家的效率和组织形式。回教保险业尤其如此。回教保险是基于伊斯兰教义的相互保险。回教保险公司在世界许多国家的快速发展和长期存在使对其进行研究很重要。;第一章讨论了古代阿拉伯人部落时期保险的历史和实践。我讨论了有关保险实践的先知（SAW）的行为。我还简要概述了伊斯兰保险在14世纪至7世纪，19世纪的发展以及20世纪的发展。第二章研究了在19个国家/地区经营的回教保险公司的范围经济和代理问题。我测试了集团假说和战略焦点假说，该假说认为企业可以通过跨业务多元化进行优化，而战略焦点假说则认为企业可以通过专注于核心业务来进行改善。更具体地说，我分析了保险公司同时提供财产责任保险和家庭保险（人寿保险）还是专注于一个主要行业领域是否有利。我还测试了代理问题，这意味着公司必须激励代理以确保符合委托人的财富最大化目标。也就是说，我分析了以Mudharaba（利润共享）模式运营或以Wakala（基于费用的收费）模式运营对保险公司而言是否有利。我利用数据包络分析（DEA）估算成本效率。然后，我通过将控制变量的效率得分与战略重点和运营模型的指标回归来测试范围经济和代理问题。结果表明，Wakala运营模型的成本效率低下，而专注的回教保险公司则具有较高的成本效率。;第三章研究了回教保险公司破产风险与效率之间的关系。我通过计算z得分来衡量破产风险，该z得分用于衡量违约距离。我使用数据包络分析（DEA）计算效率得分。我发现，有效率的公司离违约的距离更大。我还发现，从事多个业务领域的公司更有可能破产，因此会因多元化而受到惩罚。此外，我证明了对sukkuk和房地产的投资会增加破产风险。;第4章分析回教保险与传统保险的并存。我分析了13个国家/地区不同组织形式的效率。使用数据包络分析估算了技术，分配，成本和收入领域。我测试了费用偏好假设和有效结构假设。我发现了有效结构假说的证据，该假说声称由于管理自由裁量权和获得资本的差异，两种组织形式服务于不同的细分市场。我还发现了有关费用偏好假设的证据，该假设指出，由于未解决的机构冲突（例如，共同管理人的奖金支出较高），共同保险人的成本效益不如股票保险人。结果提供了对来自不同国家的传统和回教保险公司竞争力的洞察力。最后，第5章总结了研究的主要结果。

著录项

  • 作者

    Al-Amri, Khalid.;

  • 作者单位

    Temple University.;

  • 授予单位 Temple University.;
  • 学科 Finance.;Management.;Islamic studies.
  • 学位 Ph.D.
  • 年度 2013
  • 页码 125 p.
  • 总页数 125
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号