臺灣博碩士論文加值系統

「金融控股公司法」實施至今已逾十年，加入金控集團之壽險公司至2010年保費收入市占率已超過整體壽險業之五成。為了探討金控集團下之壽險公司經營效率是否較非金控之壽險業有效率，本文以DEA分析我國23間壽險公司2003-2008年之技術效率、純技術效率以及規模效率，並輔以麥氏生產力指數將壽險業總要素生產力變動之因素分解。進一步以Tobit迴歸分析檢定壽險公司之特性是否影響其經營效率。實證發現，整體壽險業技術效率平均值在0.5-0.6之間，仍有改善空間，其中又屬純技術效率較無效率。而壽險業之生產力變動是成長的，成長主要因素是技術變動成長。金控壽險公司技術效率顯著高於非金控公司，且總要素生產力成長幅度亦高於非金控壽險公司。金控公司總生產力成長主要是由於技術變動與規模效率變動成長。非金控公司生產力成長則是因為技術變動與純技術效率變動成長。此外，本國壽險公司技術效率也優於外商壽險公司，1993年以前成立之舊公司經營效率亦比新公司有效率。

The “Financial Holding Company Act” has been implemented for more than a decade. Until 2010, the total premium incomes from all life insurance subsidiaries of financial holding company are more than half of the entire life insurance industry. The purpose of this thesis is to investigate whether the operating efficiency of the life insurance subsidiary of financial holding company in Taiwan is better than those of non-financial holdings. The technical efficiency, pure technical efficiency, and scale efficiency are measured by using DEA during 2003 through 2008. Then, Malmquist TFP Index is applied to decompose the total factor productivity into some factors. Furthermore, Tobit regression analysis is conducted to examine whether the characteristics of insurance companies affect the operating efficiency.
Empirical results show that the technical efficiency score of insurance industry is between 0.5 and 0.6 on average due to pure technical non-efficiency. The total factor productivity of life insurance industry grows due to the growth of technical change. The technical efficiency score and the growth magnitude of total factor productivity are higher in financial holding company’s life insurance subsidiary than in non-financial holdings. The growth of total factor productivity in life insurance subsidiary of the financial holding company is due to the growth of technical change and scale efficiency change. On the other hand, the growth of total factor productivity in the non-financial holdings is due to the growth of technical change and pure efficiency change. In addition, the local life insurance company and the old life insurance company are more efficient.

第一章　緒論 1
第一節　研究背景與動機 1
第二節　研究目的 6
第三節　研究架構 8
第二章　文獻回顧 9
第一節　國外相關文獻 9
第二節　國內相關文獻 13
第三章　研究方法 17
第一節 Farrell模式 18
第二節 固定規模報酬之CCR模式 19
第四節 麥氏總生產力指數（Malmquist Productivity Index） 23
第五節 資料包絡法之特性與變數選取 25
第四章　實證分析 29
第一節　技術效率分析 29
第二節　純技術效率與規模效率分析 36
第三節　規模報酬分析 43
第四節　麥氏生產力指數分析 46
第五節　差額變數分析 49
第六節　Tobit迴歸分析 52
第七節　DEA產出變數轉換分析 57
第五章　結論 60
參考文獻 62
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二、國外文獻 63

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