Financial management efficiency performance of insurers and takaful operators in Malaysia
This study is aimed to assess the financial management efficiency of each insurer/takaful operator in both conventional and takaful industry. We also identify the operating system that is more efficient among the conventional and takaful system which involves 20 firms. The results from the slack-b...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2014
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| Online Access: | http://journalarticle.ukm.my/7565/1/7116-18212-1-SM.pdf |
| _version_ | 1796930575116795904 |
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| author | Rubayah Yakob, Zulkornain Yusop, Alias Radam, Noriszura Ismail, |
| author_facet | Rubayah Yakob, Zulkornain Yusop, Alias Radam, Noriszura Ismail, |
| author_sort | Rubayah Yakob, |
| collection | UKM |
| description | This study is aimed to assess the financial management efficiency of each insurer/takaful operator in both conventional
and takaful industry. We also identify the operating system that is more efficient among the conventional and takaful system
which involves 20 firms. The results from the slack-based measure (SBM) - data envelopment analysis (DEA) implied that
the average insurers/takaful operators have to improve about 20% if it were to perform the best financial management
practice. Clearly, the inefficiency in both functions of financial management is caused by both the input and output
dimensions. This study also revealed that takaful operators exhibit a relatively more efficient financial management in
terms of risk management than conventional insurers. However, it cannot be confirmed whether one type of operating
system is better than the other system in terms of investment management, as the result is mixed. |
| first_indexed | 2024-03-06T04:05:05Z |
| format | Article |
| id | ukm.eprints-7565 |
| institution | Universiti Kebangsaan Malaysia |
| language | English |
| last_indexed | 2024-03-06T04:05:05Z |
| publishDate | 2014 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| record_format | dspace |
| spelling | ukm.eprints-75652016-12-14T06:44:29Z http://journalarticle.ukm.my/7565/ Financial management efficiency performance of insurers and takaful operators in Malaysia Rubayah Yakob, Zulkornain Yusop, Alias Radam, Noriszura Ismail, This study is aimed to assess the financial management efficiency of each insurer/takaful operator in both conventional and takaful industry. We also identify the operating system that is more efficient among the conventional and takaful system which involves 20 firms. The results from the slack-based measure (SBM) - data envelopment analysis (DEA) implied that the average insurers/takaful operators have to improve about 20% if it were to perform the best financial management practice. Clearly, the inefficiency in both functions of financial management is caused by both the input and output dimensions. This study also revealed that takaful operators exhibit a relatively more efficient financial management in terms of risk management than conventional insurers. However, it cannot be confirmed whether one type of operating system is better than the other system in terms of investment management, as the result is mixed. Penerbit Universiti Kebangsaan Malaysia 2014 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/7565/1/7116-18212-1-SM.pdf Rubayah Yakob, and Zulkornain Yusop, and Alias Radam, and Noriszura Ismail, (2014) Financial management efficiency performance of insurers and takaful operators in Malaysia. Jurnal Pengurusan, 40 . pp. 25-40. ISSN 0127-2713 http://ejournal.ukm.my/pengurusan/index |
| spellingShingle | Rubayah Yakob, Zulkornain Yusop, Alias Radam, Noriszura Ismail, Financial management efficiency performance of insurers and takaful operators in Malaysia |
| title | Financial management efficiency performance of insurers and takaful operators in Malaysia |
| title_full | Financial management efficiency performance of insurers and takaful operators in Malaysia |
| title_fullStr | Financial management efficiency performance of insurers and takaful operators in Malaysia |
| title_full_unstemmed | Financial management efficiency performance of insurers and takaful operators in Malaysia |
| title_short | Financial management efficiency performance of insurers and takaful operators in Malaysia |
| title_sort | financial management efficiency performance of insurers and takaful operators in malaysia |
| url | http://journalarticle.ukm.my/7565/1/7116-18212-1-SM.pdf |
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