Measuring Human, Physical and Structural Capital Efficiency Performance of Insurance Companies

Mohammad Nourani, Chandran Vgr (), Qian Long Kweh () and Wen-Min Lu ()
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Chandran Vgr: University of Malaya
Qian Long Kweh: Dubai International Academic City
Wen-Min Lu: National Defense University
Authors registered in the RePEc Author Service: Chandran V G R ()

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2018, vol. 137, issue 1, No 14, 315 pages

Abstract: Abstract Based on the strategy perspective of intellectual capital, this paper proposes an integrated framework that is practical to estimate the human, physical, and structural capitals (intellectual capital) efficiency performance, at firm level. This paper uses a dynamic network data envelopment analysis model to estimate the intellectual capital efficiency at three levels in the insurance industry over the period of 2005–2012. Within the insurance industry, deficiencies occurred in the human and structural capital stages as opposed to the physical capital stage. A further investigation indicates that total investment is the major concern for the deficiencies. Moreover, the cluster analysis highlights the strengths and weaknesses of the insurers based on their inherently similar efficiencies. Malaysian insurance industry need to translate and promote the existing knowledge-based economy agenda lauded by the government to improve the intellectual capital efficiency, particularly at the human capital level.

Keywords: Human capital; Physical capital; Structural capital; Intellectual capital; Strategy perspective approach; The insurance industry; Data envelopment analysis (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (7)

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DOI: 10.1007/s11205-017-1584-6

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