The Impacts of Risk Management Structure on Efficiency Performance in Politically Connected Malaysian General Insurance Companies

The Impacts of Risk Management Structure on Efficiency Performance in Politically Connected Malaysian General Insurance Companies

In today’s challenging business world, insurers should focus on improving their competitive advantages to secure increased profits and reduced costs. This study investigates whether political connections affect the relationship between risk management and the operating efficiency of general insura...

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Main Authors: Qian, Long Kweh, Noor Azlinna, Azizan, Irene, Wei Kiong Ting, Wen-Min, Lu
Format: Conference or Workshop Item
Language:English
Published: 2015
Subjects:
HD28 Management. Industrial Management
Online Access:http://umpir.ump.edu.my/id/eprint/10966/
http://umpir.ump.edu.my/id/eprint/10966/1/The%20Impacts%20of%20Risk%20Management%20Structure%20on%20Efficiency%20Performance%20in%20Politically%20Connected%20Malaysian%20General%20Insurance%20Companies.pdf
id ump-10966
recordtype eprints
spelling ump-109662018-10-11T07:46:52Z http://umpir.ump.edu.my/id/eprint/10966/ The Impacts of Risk Management Structure on Efficiency Performance in Politically Connected Malaysian General Insurance Companies Qian, Long Kweh Noor Azlinna, Azizan Irene, Wei Kiong Ting Wen-Min, Lu HD28 Management. Industrial Management In today’s challenging business world, insurers should focus on improving their competitive advantages to secure increased profits and reduced costs. This study investigates whether political connections affect the relationship between risk management and the operating efficiency of general insurance companies operating in Malaysia for the period 2008-2011. First, this research applies the two-stage data envelopment analysis (DEA) methodology, decomposing the typical two-stage operating process of general insurance companies: marketing efficiency and profitability efficiency of the sample firms. The sample firms have to first improve their marketing efficiency, and then proceed to improve their profitability efficiency. Second, this study applies panel data regression to test the impact of risk management on general insurers’ performance. Consistent with prior studies, we rerun our regression analysis using Tobit regression. Consistently, we find that risk management only has a negative impact on the operating efficiency of Malaysian general insurers with political connections. 2015 Conference or Workshop Item PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/10966/1/The%20Impacts%20of%20Risk%20Management%20Structure%20on%20Efficiency%20Performance%20in%20Politically%20Connected%20Malaysian%20General%20Insurance%20Companies.pdf Qian, Long Kweh and Noor Azlinna, Azizan and Irene, Wei Kiong Ting and Wen-Min, Lu (2015) The Impacts of Risk Management Structure on Efficiency Performance in Politically Connected Malaysian General Insurance Companies. In: Asian Academy Of Management, 2-5 Oct 2015 , Penang. . (Unpublished)
repository_type Digital Repository
institution_category Local University
institution Universiti Malaysia Pahang
building UMP Institutional Repository
collection Online Access
language English
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Qian, Long Kweh
Noor Azlinna, Azizan
Irene, Wei Kiong Ting
Wen-Min, Lu
The Impacts of Risk Management Structure on Efficiency Performance in Politically Connected Malaysian General Insurance Companies
description In today’s challenging business world, insurers should focus on improving their competitive advantages to secure increased profits and reduced costs. This study investigates whether political connections affect the relationship between risk management and the operating efficiency of general insurance companies operating in Malaysia for the period 2008-2011. First, this research applies the two-stage data envelopment analysis (DEA) methodology, decomposing the typical two-stage operating process of general insurance companies: marketing efficiency and profitability efficiency of the sample firms. The sample firms have to first improve their marketing efficiency, and then proceed to improve their profitability efficiency. Second, this study applies panel data regression to test the impact of risk management on general insurers’ performance. Consistent with prior studies, we rerun our regression analysis using Tobit regression. Consistently, we find that risk management only has a negative impact on the operating efficiency of Malaysian general insurers with political connections.
format Conference or Workshop Item
author Qian, Long Kweh
Noor Azlinna, Azizan
Irene, Wei Kiong Ting
Wen-Min, Lu
author_facet Qian, Long Kweh
Noor Azlinna, Azizan
Irene, Wei Kiong Ting
Wen-Min, Lu
author_sort Qian, Long Kweh
title The Impacts of Risk Management Structure on Efficiency Performance in Politically Connected Malaysian General Insurance Companies
title_short The Impacts of Risk Management Structure on Efficiency Performance in Politically Connected Malaysian General Insurance Companies
title_full The Impacts of Risk Management Structure on Efficiency Performance in Politically Connected Malaysian General Insurance Companies
title_fullStr The Impacts of Risk Management Structure on Efficiency Performance in Politically Connected Malaysian General Insurance Companies
title_full_unstemmed The Impacts of Risk Management Structure on Efficiency Performance in Politically Connected Malaysian General Insurance Companies
title_sort impacts of risk management structure on efficiency performance in politically connected malaysian general insurance companies
publishDate 2015
url http://umpir.ump.edu.my/id/eprint/10966/
http://umpir.ump.edu.my/id/eprint/10966/1/The%20Impacts%20of%20Risk%20Management%20Structure%20on%20Efficiency%20Performance%20in%20Politically%20Connected%20Malaysian%20General%20Insurance%20Companies.pdf
first_indexed 2023-09-18T22:11:12Z
last_indexed 2023-09-18T22:11:12Z
_version_ 1777415038802329600

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