2026-03-14T03:05:54Z https://grips.repo.nii.ac.jp/oai

oai:grips.repo.nii.ac.jp:00000945 2023-11-20T09:03:56Z 1:47

Cost Efficiency and Returns to Scale in Life Insurance Corporation of India Using Data Envelopment Analysis TONE, Kaoru SAHOO, Biresh K. LIC DEA Efficiency Returns to Scale Economies of Scale Degree of Scale Economies https://www.grips.ac.jp/list/facultyinfo/tone_kaoru/ This paper applies a new variant of data envelopment analysis model to examine the performance trend of Life Insurance Corporation (LIC) of India for the period covering before and after financial liberalization is introduced. This study finds that since the beginning of our study period, LIC's performance has been declining. More importantly, the declining performance trend particularly after 1994-95 can be taken as the evidence of increasing allocative inefficiencies arising from LIC's poor management including leadership, management style, and decisional capability. This finding is also evident from the substantial fall in the degree of scale economies from around 0.90 to around 0.70. GRIPS Policy Research Center 2015-02-25 eng technical report AM https://doi.org/10.24545/00000945 https://grips.repo.nii.ac.jp/records/945 10.24545/00000945 GRIPS Discussion Papers I-2002-0001 https://grips.repo.nii.ac.jp/record/945/files/I-2002-0001.pdf application/pdf 1.3 MB