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dc.contributor.authorAlshammari, Ahmad Alrazni
dc.contributor.authorAlhabshi, Syed Musa bin Syed Jaafar
dc.contributor.authorSaiti, Buerhan
dc.date.accessioned2019-08-31T12:10:23Z
dc.date.accessioned2019-08-13T09:37:33Z
dc.date.available2019-08-31T12:10:23Z
dc.date.available2019-08-13T09:37:33Z
dc.date.issued2019en_US
dc.identifier.issn0275-5319
dc.identifier.issn1878-3384
dc.identifier.urihttp://dx.doi.org/10.1016/j.ribaf.2018.09.003
dc.identifier.urihttps://hdl.handle.net/20.500.12436/933
dc.descriptionWOS: 000454868900029en_US
dc.description.abstractIn recent years, competition in the insurance sector has increased due to the number of players added by the emergence of takaful. This paper examines the impact of competition on the cost efficiency of conventional insurance and takaful sectors in Gulf Cooperation Council (GCC) countries between 2009-2016 using a stochastic frontier cost function. Overall, results suggest that the relationship between competition and efficiency is positive and supports the Quiet Life (QL) hypothesis where managers in a less competitive market may utilise the market power of their firms and reduce their efforts. However, importantly, there are differences between takaful operators and conventional insurers in this respect. The relationship between competition and efficiency turns out to be negative where conventional insurance is concerned, and positive only for takaful. The positive relationship between competition and cost efficiency may encourage policy makers and regulators to support a competitive insurance industry which should improve efficiency. However, they should be aware of the degree of competition and use restrictions and requirement for market entry carefully.en_US
dc.language.isoengen_US
dc.publisherELSEVIER SCIENCE BVen_US
dc.relation.ispartofRESEARCH IN INTERNATIONAL BUSINESS AND FINANCEen_US
dc.identifier.doi10.1016/j.ribaf.2018.09.003en_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectInsuranceen_US
dc.subjectTakafulen_US
dc.subjectIslamic financeen_US
dc.subjectGCCen_US
dc.subjectCompetitionen_US
dc.subjectCost efficiencyen_US
dc.titleThe impact of competition on cost efficiency of insurance and takaful sectors: Evidence from GCC markets based on the Stochastic Frontier Analysisen_US
dc.typearticleen_US
dc.authoridBuerhan Saiti |0000-0002-9984-489Xen_US
dc.departmentİşletme ve Yönetim Bilimleri Fakültesien_US
dc.identifier.volume47en_US
dc.identifier.startpage410en_US
dc.identifier.endpage427en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.institutionauthorSaiti, Buerhan
dc.department-temp[Alshammari, Ahmad Alrazni; Alhabshi, Syed Musa bin Syed Jaafar] Int Islamic Univ Malaysia, Inst Islamic Banking & Finance IIiBF, Kuala Lumpur, Malaysia; [Saiti, Buerhan] Istanbul Sabahattin Zaim Univ, Dept Islamic Econ & Finance, Istanbul, Turkeyen_US


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