Performance Analysis and Rating of Insurance Companies Using DEA in Iran Capital Market
الموضوعات :Mahboubeh Jafari 1 , Maryam Mousavi 2
1 - Department of Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran
2 - Department of Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran
الکلمات المفتاحية: Efficiency, Data envelopment analysis, Insurance Companies,
ملخص المقالة :
In this research, we evaluated performance analysis and ranking of insurance companies listed on the capital market of Iran using data envelopment analysis. In respect of the target the research is applied. The type of research design relying on historical data, is event following and inductive method is inference. The study is consisted of a key question and three sub-questions. This research studies the insurance companies listed on the capital market over a three-year period (2013-2015). Finally, according to the study, data was collected from 9 companies. To document the results of the statistical analysis and providing solutions, using SPSS software, Excel and GE MS we attempted to analyse the questions. At the end, the ranking resulted to the conclusion that the most efficient insurance companies of capital markets, are as follows: Alborz, Dana, Sina, Moalem, Asia, Pasargad, Parsian and Saman.
[1] Amin, M. Kamalkhani, S., The main challenges facing the insurance industry's transformation program "Fifteenth National Congress of the Second International Conference on Insurance and Development, 2010.
[2] Amin, M., Liberalization in the insurance industry, The newspaper world economy, 2009.
[3] Avkiran, Necmi K., Association of DEA super-efficiency estimates with financial ratios: Investigating the case for Chinese banks, Omega, 2011, 39(3), P. 323-334.
[4]. Abedi J., Creativity and New Way in Its Measurement, J. Psycholo Research, 1994, 2(2), P. 54-64 (in Persian).
[5] Bacidore, J. M., Boquist, J. A., Milbourn, T. T and A.V. Thakor, The search for the Best Financial Performance Measure, Financial Analysts Journal, 1997, 53(3), P. 11-20.
[6] Eken, M.H., Kale, S., Measuring bank branch performance using Data Envelopment Analysis: The case of Turkish bank branches. African Journal of Business Management, 2011, 5, P. 889-901.
[7] Khajavi, Sh. A., Salimi Fard, A., Rabieh, M., The application of data envelopment analysis (DEA) in determining the portfolio of the most efficient companies accepted at Tehran Stock Exchange, Journal of Social Sciences and Humanities, 2005, 22(2), P. 75 -89.
[8] Mojibi, R, Mohammadi, E., Changizi Mohammadi, M., To assess the relative performance of the Housing Foundation of branches in rural housing improvement projects: The second International Conference on Management, Entrepreneurship and Economic Development, Qom, PNU, 2013.
[9] Niko Maram, H., Ghani, F., Alirezaei, M., Evaluate the effectiveness of investment firms listed in the Tehran Stock Exchange with the help of mathematical models, benchmarking data envelopment analysis, Economic Research, 2006, PP. 77-100
[10] Shang, J., Sueyoshi T., A unified framework for the selection of a flexible manufacturing system, European Journal of Operational Research, 1995, 85(2), P. 297-315.
[11] Shahabedin, R., Babaloeian, L., Jola, T. Performance of portfolio companies, a survey by Article 44 of the Tehran Stock Exchange, Stock Exchange Journal, 2010, 3(10), P. 12-45.
[12] Shahroudi, M., Faraghniya, R., Deray, H, Using data envelopment analysis to model the rate of return on assets of pharmaceutical companies listed on Tehran Stock Exchange, Fourth National Conference on DEA, University of Mazandaran, 2011.
