Huang, Wei; Paradi, Joseph C. - In: The Service Industries Journal 31 (2010) 11, pp. 1871-1885
In order to investigate the interrelationship between risk and efficiency, based on the multistage data envelopment analysis (DEA) model, this paper introduces a modified measure of risk-adjusted efficiency for the insurance industry in China from 1999 to 2006. By comparing the results from the...