Publication: The impacts of risk-management committee characteristics and prestige on efficiency
Date
2016
Authors
Wu Y.-C.
Kweh Q.L.
Lu W.-M.
Azizan N.A.
Journal Title
Journal ISSN
Volume Title
Publisher
Palgrave Macmillan Ltd.
Abstract
We examine the effects of risk-management committee characteristics and prestige on efficiency, as well as the moderating effect of risk-management committee prestige on the association between risk-management committee characteristics and the efficiency of Malaysian insurance companies between 2008 and 2013. We apply the dynamic network slacks-based measure model to estimate efficiency, and truncated regression with a bootstrapping procedure to examine the impacts of risk-management committee characteristics and prestige on efficiency. We find significantly positive relationships among the variables, with the exception of the number of risk-management committee meetings. Furthermore, risk-management committee prestige could minimize the positive effect of risk-management committee characteristics on efficiency. � 2016 Operational Research Society Ltd. All rights reserved. 0160-5682/16.
Description
Data envelopment analysis; Efficiency; Information management; Insurance; Risk assessment; Risk perception; director prestige; Dynamic network; Insurance companies; Malaysians; Moderating effect; Slacks-based measure models; truncated regression; Risk management