我国寿险公司股权结构与效率关系研究

发布时间：2018-04-21 10:13

本文选题：股权结构 + 前沿效率　；参考：《厦门大学》2014年硕士论文

【摘要】：伴随着我国保险业的高速增长,我国寿险公司的股权结构也经历着一系列的改革。与此同时,我国寿险公司股权结构对效率的贡献逐渐成为人们关注的重要问题。不同股权结构的安排对其经济主体的行为和绩效会产生重要的影响。因此,探索我国寿险公司股权结构与效率的关系成为值得深入研究的课题,它将为分析我国寿险公司效率问题提供一个新视角。本文以2003-2012年我国30家寿险公司共247组数据为研究样本,运用SFA方法实证分析了我国寿险公司股权结构与效率的关系。在研究中采用超越对数成本函数,分别构建了我国寿险公司随机前沿成本效率和利润效率模型,将寿险公司的无效率项设成一组效率影响因素和随机因素的函数,更为准确的分析了股权结构对我国寿险公司成本效率和利润效率的影响,得出的主要结论如下： (1)从模型的实证结果来看,股权性质对我国寿险公司的利润效率有显著影响,较为显著的是合资性质对我国寿险公司利润效率有正面影响,而股权性质对成本效率无显著影响；股权集中度对我国寿险公司的成本效率和利润效率均有显著影响,较为显著的是绝对控股模式对我国寿险公司成本效率和利润效率有正面影响。 (2)从不同股权性质寿险公司的效率对比分析来看,我国国有寿险公司平均成本效率最高,平均利润效率最低；合资寿险公司与之相反,且平均利润效率的优势越来越明显；民营寿险公司的平均成本效率有稳步上升的趋势。 (3)从不同股权集中度寿险公司的效率对比分析来看,我国相对控股寿险公司平均利润效率在近几年反超绝对控股寿险公司居于首位,平均成本效率也有所上升；绝对控股寿险公司的平均成本效率最高,但波动幅度较大,平均利润效率急剧下降至最低水平;分散控股寿险公司的平均成本效率有明显上升趋势。
[Abstract]:With the rapid growth of China's insurance industry, the ownership structure of life insurance companies in China is undergoing a series of reforms. At the same time, the contribution of equity structure to efficiency of life insurance companies has gradually become an important issue. The arrangement of different ownership structure will have an important influence on the behavior and performance of its economic subjects. Therefore, exploring the relationship between equity structure and efficiency of life insurance companies in China has become a subject worthy of further study, which will provide a new perspective for analyzing the efficiency of life insurance companies in China. Based on 247 sets of data of 30 life insurance companies in China from 2003 to 2012, this paper empirically analyzes the relationship between equity structure and efficiency of life insurance companies by using SFA method. In the study, the model of stochastic frontier cost efficiency and profit efficiency of Chinese life insurance companies is constructed by using the transcendental logarithmic cost function, and the inefficient term of life insurance companies is set up as a set of functions of factors affecting efficiency and random factors. More accurate analysis of the impact of equity structure on the cost efficiency and profit efficiency of life insurance companies in China, the main conclusions are as follows: 1) from the empirical results of the model, the nature of equity has a significant impact on the profit efficiency of life insurance companies in China, the equity nature has a positive impact on the profit efficiency of life insurance companies in China, but the nature of equity has no significant effect on the cost efficiency. Ownership concentration has a significant impact on the cost efficiency and profit efficiency of life insurance companies in China, and the absolute holding mode has a positive impact on the cost efficiency and profit efficiency of life insurance companies in China. (2) from the comparative analysis of the efficiency of life insurance companies with different equity properties, the average cost efficiency and average profit efficiency of the state-owned life insurance companies in China are the highest and the average profit efficiency is the lowest, and the advantages of the average profit efficiency of the joint-venture life insurance companies are becoming more and more obvious. The average cost efficiency of private life insurance companies has a steady upward trend. (3) from the comparative analysis of the efficiency of the life insurance companies with different ownership concentration, the average profit efficiency of the relative holding life insurance companies in our country is in the first place in recent years, and the average cost efficiency has also increased. The average cost efficiency of the absolute holding life insurance company is the highest, but the fluctuation is large, the average profit efficiency drops to the lowest level, and the average cost efficiency of the decentralized holding life insurance company has an obvious upward trend.
【学位授予单位】：厦门大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F842.3;F275

【参考文献】