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Development under Regulation: The Way of the Ukrainian Insurance Market

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dc.creator Badunenko, Oleg
dc.creator Grechaniuk, Bogdana
dc.creator Talavera, Oleksandr
dc.date 2006
dc.date.accessioned 2013-10-16T07:00:28Z
dc.date.available 2013-10-16T07:00:28Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18537
dc.identifier ppn:521128285
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18537
dc.description This study is intended to assess the introduction of increased capitalization requirements for Ukrainian insurance firms. To do so, we employ up-to-date frontier efficiency analysis The analysis suggests that an increase in size occurs not only because of the regulator?s requirements, but also because all scale inefficient firms have been persistently operating under increasing returns to scale. Additionally, we show that the Ukrainian insurance industry experiences significant increases in technical efficiency. Our analysis identifies winners and losers among small, medium and large companies. The findings are consistent with the hypothesis that regulation forces firms to concentrate on efficiency.
dc.language eng
dc.publisher Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
dc.relation DIW-Diskussionspapiere 644
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject G28
dc.subject C15
dc.subject G22
dc.subject ddc:330
dc.subject insurance industry
dc.subject efficiency and productivity analysis
dc.subject returns to scale
dc.subject bootstrap
dc.subject Ukraine
dc.title Development under Regulation: The Way of the Ukrainian Insurance Market
dc.type doc-type:workingPaper


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