Optimal Capital Utilization by Financial Firms: Evidence from the Property-Liability Insurance Industry
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...Premiums are the main revenue source for an insurance firm, implying that a higher credit rating leads to higher returns, and supporting empirical evidence has been found (see, for example, Cummins & Nini, 2002)....
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"Optimal Capital Utilization by Fina..." refers methods in this paper
...Following Banker, Charnes, and Cooper (1984), the above program is modified to account for variable returns to scale (VRS) by adding the convexity constraint #N" " i !...
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"Optimal Capital Utilization by Fina..." refers methods in this paper
...Efficiency To analyze production frontiers, we utilize input-oriented distance functions as originally introduced by Farrell (1957)....
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...Efficiency To analyze production frontiers, we utilize input-oriented distance functions as originally introduced by Farrell (1957). Suppose producers use input vector x ! !x1,x2, ....
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13,939 citations