期刊名称：Journal of Asian Finance, Economics and Business
印刷版ISSN：2288-4637
电子版ISSN：2288-4645
出版年度：2019
卷号：6
期号：1
页码：241-248
DOI：10.13106/jafeb.2019.vol6.no1.241
语种：English
出版社：Korean Distribution Science Association
摘要：The purpose of this study is to investigate empirical evidences of productivity of life insurance institutions in Malaysia.Therefore,this study attempts to explore the productivity of the life insurance institutions in Malaysia.The overall findings show that the total factor productivity (TFP) has progressed by 2.5% per year during the study period from 2012 to 2016 in the Malaysian insurance industry.However,TFP change has declined from 2012 to 2015 and observed a negative growth in 2015-16 (3.3%).The highest productivity progress was documented during 2012-13 at a rate of 11.7% while the minimum productivity progress was during 2014-15 (only 0.2%).The results also indicate that the decomposition of TFP found that overall progress could mainly be attributed to technological change (TC).However,technical efficiency change (TEC) and pure technical efficiency change (PTE) have negative impact on TFP.The findings also show that most of the insurance companies have a steady growth.Therefore,this study will contribute new insights for the policy makers and insurance institutions to take appropriate steps in developing relevant policies for increasing productivity of insurance institutions in Malaysia.
