@techreport{oai:grips.repo.nii.ac.jp:00000945,
 author = {TONE, Kaoru and SAHOO, Biresh K.},
 note = {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.},
 title = {Cost Efficiency and Returns to Scale in Life Insurance Corporation of India Using Data Envelopment Analysis}
}