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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-bas...

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Main Authors: Yakob, Rubayah, Yusop, Zulkornain, Radam, Alias, Ismail, Noriszura
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2014
Online Access:http://psasir.upm.edu.my/id/eprint/37669/1/Financial%20management%20efficiency%20performance%20of%20insurers%20and%20takaful%20operators%20in%20Malaysia.pdf
http://psasir.upm.edu.my/id/eprint/37669/
http://ejournal.ukm.my/pengurusan/article/view/7116
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spelling my.upm.eprints.376692015-12-18T01:55:11Z http://psasir.upm.edu.my/id/eprint/37669/ Financial management efficiency performance of insurers and takaful operators in Malaysia Yakob, Rubayah Yusop, Zulkornain Radam, Alias Ismail, Noriszura 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://psasir.upm.edu.my/id/eprint/37669/1/Financial%20management%20efficiency%20performance%20of%20insurers%20and%20takaful%20operators%20in%20Malaysia.pdf Yakob, Rubayah and Yusop, Zulkornain and Radam, Alias and Ismail, Noriszura (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/article/view/7116
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
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.
format Article
author Yakob, Rubayah
Yusop, Zulkornain
Radam, Alias
Ismail, Noriszura
spellingShingle Yakob, Rubayah
Yusop, Zulkornain
Radam, Alias
Ismail, Noriszura
Financial management efficiency performance of insurers and takaful operators in Malaysia
author_facet Yakob, Rubayah
Yusop, Zulkornain
Radam, Alias
Ismail, Noriszura
author_sort Yakob, Rubayah
title 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_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_sort financial management efficiency performance of insurers and takaful operators in malaysia
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2014
url http://psasir.upm.edu.my/id/eprint/37669/1/Financial%20management%20efficiency%20performance%20of%20insurers%20and%20takaful%20operators%20in%20Malaysia.pdf
http://psasir.upm.edu.my/id/eprint/37669/
http://ejournal.ukm.my/pengurusan/article/view/7116
_version_ 1643832039800045568
score 13.211869

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