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dc.contributor.authorIsmail, Norashikin-
dc.contributor.authorAlhabshi, Syed Othman-
dc.contributor.authorBacha, Obiyathulla Ismath-
dc.date.accessioned2017-11-22T09:04:26Z-
dc.date.available2017-11-22T09:04:26Z-
dc.date.issued2011-
dc.identifier.citationIsmail, Norashikin, Alhabshi, Syed Othman & Bacha, Obiyathulla Ismath. (2011, March 14-16).Organizational form and efficiency: the coexistence of family takaful and life insurance in Malaysia. In 2nd International Conference on Business and Economic Research (2nd ICBER 2011) Proceeding. Paper presented at the 2nd International Conference on Business and Economic Research (2nd ICBER 2011), Langkawi, Kedah, Malaysia (pp. 2011-2306).en_US
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/2737-
dc.description.abstractAfter 25 years in operation, it is time that takaful industry is evaluated in terms of its performance. One of the issues that has impact on efficiency is organization form. There have been two conflicting opinions on this issue. Eling & Luhnen (2010) opined that mutual form is efficient than stock form but Brockett (2005) concluded the opposite. This paper provides an empirical study on the relationship between efficiency and organizational structure for takaful operators in Malaysian dual financial system. A sample of 19 firms is chosen over the period 2004-2009. The selection of inputs and outputs are based on flow approach consistent with Leverty and Grace (2009). The study employed non parametric approach that is Data Envelopment Analysis (DEA) with input orientation measurement to estimate the technical efficiency for both industries. This study applied constant return to scale (CRS) and variable return to scale (VRS) to separate the scale efficiency from the technical efficiency. A Mann Whitney test is employed to examine any significant difference in efficiency between takaful and insurance industry. The findings indicate that there is a significant difference in technical efficiency between takaful industry and insurance industry. It is found that takaful has lower technical efficiency than conventional insurance. Importantly, it shows the organization form has an influence on the efficiency. Finally, the study found that the conventional insurers have higher scale efficiency than takaful industry.en_US
dc.languageEnglish-
dc.language.isoenen_US
dc.sourceSEDONA-
dc.subjectEfficiencyen_US
dc.subjectOrganization structureen_US
dc.subjectData Envelopment Analysis (DEA)en_US
dc.titleOrganizational form and efficiency: the coexistence of family takaful and life insurance in Malaysiaen_US
dc.typeAcademic Proceedingen_US
ikr.topic.maintopicTakafulen_US
ikr.doctypeScholarly Works-
Appears in Collections:Academic Proceeding


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  • Full metadata record
    DC FieldValueLanguage
    dc.contributor.authorIsmail, Norashikin-
    dc.contributor.authorAlhabshi, Syed Othman-
    dc.contributor.authorBacha, Obiyathulla Ismath-
    dc.date.accessioned2017-11-22T09:04:26Z-
    dc.date.available2017-11-22T09:04:26Z-
    dc.date.issued2011-
    dc.identifier.citationIsmail, Norashikin, Alhabshi, Syed Othman & Bacha, Obiyathulla Ismath. (2011, March 14-16).Organizational form and efficiency: the coexistence of family takaful and life insurance in Malaysia. In 2nd International Conference on Business and Economic Research (2nd ICBER 2011) Proceeding. Paper presented at the 2nd International Conference on Business and Economic Research (2nd ICBER 2011), Langkawi, Kedah, Malaysia (pp. 2011-2306).en_US
    dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/2737-
    dc.description.abstractAfter 25 years in operation, it is time that takaful industry is evaluated in terms of its performance. One of the issues that has impact on efficiency is organization form. There have been two conflicting opinions on this issue. Eling & Luhnen (2010) opined that mutual form is efficient than stock form but Brockett (2005) concluded the opposite. This paper provides an empirical study on the relationship between efficiency and organizational structure for takaful operators in Malaysian dual financial system. A sample of 19 firms is chosen over the period 2004-2009. The selection of inputs and outputs are based on flow approach consistent with Leverty and Grace (2009). The study employed non parametric approach that is Data Envelopment Analysis (DEA) with input orientation measurement to estimate the technical efficiency for both industries. This study applied constant return to scale (CRS) and variable return to scale (VRS) to separate the scale efficiency from the technical efficiency. A Mann Whitney test is employed to examine any significant difference in efficiency between takaful and insurance industry. The findings indicate that there is a significant difference in technical efficiency between takaful industry and insurance industry. It is found that takaful has lower technical efficiency than conventional insurance. Importantly, it shows the organization form has an influence on the efficiency. Finally, the study found that the conventional insurers have higher scale efficiency than takaful industry.en_US
    dc.languageEnglish-
    dc.language.isoenen_US
    dc.sourceSEDONA-
    dc.subjectEfficiencyen_US
    dc.subjectOrganization structureen_US
    dc.subjectData Envelopment Analysis (DEA)en_US
    dc.titleOrganizational form and efficiency: the coexistence of family takaful and life insurance in Malaysiaen_US
    dc.typeAcademic Proceedingen_US
    ikr.topic.maintopicTakafulen_US
    ikr.doctypeScholarly Works-
    Appears in Collections:Academic Proceeding


  • Organizational_form_efficiency_The_coexistence_obiyathull...
    • Size : 185,67 kB

    • Format : Adobe PDF

    • View : 
    • Download :