我国寿险公司效率评价及影响因素研究

Research on the Efficiency Evaluation of Life-insurance Companies in China and the Influencing factors

本文基于2010-2016年我国寿险公司数据,利用两阶段关联DEA模型对寿险公司效率及变动情况进行评价,并在此基础上选取股东、董事会、监事会和高管四个方面的公司治理要素,利用Tobit回归分析模型探究治理对效率的影响。研究结果表明:我国寿险公司整体效率较低;董事会规模及董事长和总经理两职分设对寿险公司效率有显著的负面影响;监事会规模对寿险公司效率有显著的正面影响。最后从公司治理角度对提升寿险公司效率提出相关对策建议。

By adopting the data of life insurance companies in China from 2010 to 2016,this paper applies the two-stage correlative DEA model to analyze the status and trends of life insurance company efficiency.An empirical test is conducted to explore the influencing governance factors of shareholders＇ structure,board of directors,board of supervisors and executives to the efficiency of life insurance companies by using Tobit regression model.The results indicate Chinese life insurance company efficiency is low.Board size and the ＂dual＂ structure of the board have a significant negative impact on the efficiency of life insurance companies,and the size of supervisory board has a significant positive impact on the efficiency of life insurance companies.Finally,some recommendations are provided for life insurance companies in China to increase their efficiency by improving corporate governance.