Analysis of Relationship between the Performance and Efficiency Based on CCR And BCC Models in the Iranian Insurance Industry: Tobit's Approach
Purpose: This paper aims to assess the efficiency of existing companies in Iran's insurance industry and its relationship with essential profitability ratios. Therefore, with the help of input-axis and output-axis approaches, the performance of the companies was investigated, and the relationsh...
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| Format: | Article |
| Language: | fas |
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Ayandegan Institute of Higher Education, Tonekabon,
2020-05-01
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| Series: | مدیریت نوآوری و راهبردهای عملیاتی |
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| Online Access: | http://www.journal-imos.ir/article_122017_38346326faa472912953ca26d0e8e459.pdf |
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| _version_ | 1832577849855311872 |
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| author | Javad Montazeri Reza Yazdani Meysam Kaviani |
| author_facet | Javad Montazeri Reza Yazdani Meysam Kaviani |
| author_sort | Javad Montazeri |
| collection | DOAJ |
| description | Purpose: This paper aims to assess the efficiency of existing companies in Iran's insurance industry and its relationship with essential profitability ratios. Therefore, with the help of input-axis and output-axis approaches, the performance of the companies was investigated, and the relationship between profitability and efficiency was studied using Tobit's regression model. Methodology: To achieve the answer to the above question, we selected 14 insurance companies in the capital market of Tehran as statistical samples. The data collected in 10 years between 2012 and 2018 have been considered. The hypothesis test has been performed by considering the dependent variable of dividends in different forms through Tobit and logit regression analysis. Findings: The results confirm that during the six years (2011 to 2016), the return on assets with a calculated efficiency is positively correlated with the input-oriented approach and has a negative relationship with the output-oriented approach. The results also show that the return on equity has no significant relationship with the two performance approaches. Originality/Value: In this study, considering the ratio of total liabilities, equity, and assets as input variables and income and sales, premium, and net profit as output variables, the ability to aggregate these items and translate them into one It has a single criterion called "efficiency" with two approaches. |
| format | Article |
| id | doaj-art-ef5fb59c30fd481eb90e180302655b94 |
| institution | Kabale University |
| issn | 2783-1345 2717-4581 |
| language | fas |
| publishDate | 2020-05-01 |
| publisher | Ayandegan Institute of Higher Education, Tonekabon, |
| record_format | Article |
| series | مدیریت نوآوری و راهبردهای عملیاتی |
| spelling | doaj-art-ef5fb59c30fd481eb90e180302655b942025-01-30T14:59:01ZfasAyandegan Institute of Higher Education, Tonekabon,مدیریت نوآوری و راهبردهای عملیاتی2783-13452717-45812020-05-0111577210.22105/imos.2021.265758.1023122017Analysis of Relationship between the Performance and Efficiency Based on CCR And BCC Models in the Iranian Insurance Industry: Tobit's ApproachJavad Montazeri0Reza Yazdani1Meysam Kaviani2PhD student, Department of Accounting,University of Tehran, Tehran, Iran.PhD student, Department of Management, Islamic Azad University of Chalous Branch, Mazandaran, Iran.Ph.D of Financial Management,Islamic Azad University, Aliabad Katoul, Iran.Purpose: This paper aims to assess the efficiency of existing companies in Iran's insurance industry and its relationship with essential profitability ratios. Therefore, with the help of input-axis and output-axis approaches, the performance of the companies was investigated, and the relationship between profitability and efficiency was studied using Tobit's regression model. Methodology: To achieve the answer to the above question, we selected 14 insurance companies in the capital market of Tehran as statistical samples. The data collected in 10 years between 2012 and 2018 have been considered. The hypothesis test has been performed by considering the dependent variable of dividends in different forms through Tobit and logit regression analysis. Findings: The results confirm that during the six years (2011 to 2016), the return on assets with a calculated efficiency is positively correlated with the input-oriented approach and has a negative relationship with the output-oriented approach. The results also show that the return on equity has no significant relationship with the two performance approaches. Originality/Value: In this study, considering the ratio of total liabilities, equity, and assets as input variables and income and sales, premium, and net profit as output variables, the ability to aggregate these items and translate them into one It has a single criterion called "efficiency" with two approaches.http://www.journal-imos.ir/article_122017_38346326faa472912953ca26d0e8e459.pdfefficiencyprofitabilitytobit regression |
| spellingShingle | Javad Montazeri Reza Yazdani Meysam Kaviani Analysis of Relationship between the Performance and Efficiency Based on CCR And BCC Models in the Iranian Insurance Industry: Tobit's Approach مدیریت نوآوری و راهبردهای عملیاتی efficiency profitability tobit regression |
| title | Analysis of Relationship between the Performance and Efficiency Based on CCR And BCC Models in the Iranian Insurance Industry: Tobit's Approach |
| title_full | Analysis of Relationship between the Performance and Efficiency Based on CCR And BCC Models in the Iranian Insurance Industry: Tobit's Approach |
| title_fullStr | Analysis of Relationship between the Performance and Efficiency Based on CCR And BCC Models in the Iranian Insurance Industry: Tobit's Approach |
| title_full_unstemmed | Analysis of Relationship between the Performance and Efficiency Based on CCR And BCC Models in the Iranian Insurance Industry: Tobit's Approach |
| title_short | Analysis of Relationship between the Performance and Efficiency Based on CCR And BCC Models in the Iranian Insurance Industry: Tobit's Approach |
| title_sort | analysis of relationship between the performance and efficiency based on ccr and bcc models in the iranian insurance industry tobit s approach |
| topic | efficiency profitability tobit regression |
| url | http://www.journal-imos.ir/article_122017_38346326faa472912953ca26d0e8e459.pdf |
| work_keys_str_mv | AT javadmontazeri analysisofrelationshipbetweentheperformanceandefficiencybasedonccrandbccmodelsintheiranianinsuranceindustrytobitsapproach AT rezayazdani analysisofrelationshipbetweentheperformanceandefficiencybasedonccrandbccmodelsintheiranianinsuranceindustrytobitsapproach AT meysamkaviani analysisofrelationshipbetweentheperformanceandefficiencybasedonccrandbccmodelsintheiranianinsuranceindustrytobitsapproach |