Management Review

›› 2018, Vol. 30 ›› Issue (9): 38-48.

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Study of the Influence of Human Capital Structure on the Operation Efficiency of Property Insurance Companies and Its Structural Change

Chen Hua1, Ding Yugang2   

  1. 1. School of Insurance, Central University of Finance and Economics, Beijing 100081;
    2. School of Economics, Peking University, Beijing 100871
  • Received:2017-12-12 Online:2018-09-28 Published:2018-09-29

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Abstract:

This paper uses the sample data of 44 property insurance companies from 2008 to 2015 in China, and uses the data envelop-ment analysis to measure the insurance company operating efficiency, and the fixed effect panel and panel threshold model to study the influence of human capital structure on the efficiency of the property insurance company and investigate if there is structural change of this effect with the size of the property insurance company. And finally, we adopt the way of sample grouping to conduct the robustness test. The main conclusions of this paper are that human capital structure has significant influence on the operation efficiency of property insurance companies and that there is structural change on this effect. Improving the level of the employees with higher education and skill level and making the age structure younger will promote the efficiency of property insurance company, but the effect on different size of insurance company is different.

Key words: property insurance companies, operating efficiency, human capital structure, panel threshold regression, structural change