azam ghezelbash; abbas ali lotfi
Abstract
Introduction
Financial markets have a key role to play in economic growth and the insurance industry, which is a financial institution, can be a factor behind economic growth. On the other hand, efficiency and efficiency in the insurance industry is also very important. The insurance industry of Iran ...
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Introduction
Financial markets have a key role to play in economic growth and the insurance industry, which is a financial institution, can be a factor behind economic growth. On the other hand, efficiency and efficiency in the insurance industry is also very important. The insurance industry of Iran is the forty-sixth in the world with 0.09% of the total production insurance premiums. Turkey's neighboring country, rankis 34th. Iran's premium per capita is $ 50 against the world average of $ 608, which is 76 points away from countries such as however,Turkey, Saudi Arabia, Kuwait, Qatar and the United Arab Emirates. To stay competitive with other units, you had to increase your performance to an acceptable level over time. The first stepis to improving the activity is to be aware of the current activity level. This recognition helps each unit become aware of its current situation and, given the current situation, can adopt a better and acceptable level of activity and efficiency with a proper approach.
Theoretical framework
Efficiency is the achievement of an entity at the optimal level of production or the extent to which a firm has access to the optimal level of production with respect to available inputs. Performance, in other words, implies how well an organization has used its resources to produce the best performance over time. Performance calculation is defined by the expected or standard output value by using this ratio: Real output / Expected output = efficiency .
The concept of efficiency is often confused with the words "productivity" and "effectiveness". Effectiveness shows the consistency of an organization's activities with the goals set for it, and productivity is actually a combination of effectiveness and efficiency because effectiveness is related to performance and efficiency using resources.
Methodology
Data Envelopment Analysis (DEA) is a non-parametric method for calculating performance. This method was introduced for the first time, inspired by Farrell (1957) by Charles, Cooper and Rhodes (CCR) in 1978. In this study, by using the maximization approach of products, we examine the efficiency of insurance companies. The population studied in this study is active insurance companies in the country and the relevant statistics were compiled for the years 2007-9. DEA 2.1, Excel 2010, Eviews7 software are also used to calculate variables and estimate the pattern.
Results & Discussion
The results of this study show that among the most effective companies, the Iranian insurance company - with a low-sensitivity input-is considered to be the best company in terms of resource strength, although it is questioned due to the lack of sensitivity to the output indicators. Hafez also has a good low-pass output, but it is also weak due to lack of sensitivity to inputs or resources. Among the insurers that did not have full performance-of course, due to Indicators of input and output of the model - the low sensitivity of the Parsian insurance company to the 3 input indicators, shows the effective and high role of the company to the input sources. Also, the company is sensitive to two output factors, which indicates the proportion between input factors And output. Insurance companies from Sri Lanka, Sina, Development, and Nation are also ranked among the best insurance companies in terms of resource utilization.
Conclusions & Suggestions
Most insurance companies in Iran were low or insensitive to wage and education factors, so proper policy making should be done in the field of human resources empowerment in this industry. Regarding the financial dimension, it can be said that although insurance companies have a high sensitivity to financial factors such as fixed assets and premiums, the weaknesses of these companies in factors such as profitability and investment income show that these companies The financial dimension should also be strengthened, which requires special planning.
Hosein Asgari alouj; Nahid Maleki Nia; Azam Ghezelbash
Abstract
This research is about the efficiency of the banking system in small and medium
enterprises on the development of cooperation with (DEA)4. The question of this
Research is that: is the efficiency of commercial banks more than specialized banks
in job creation of the cooperative sector through facility ...
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This research is about the efficiency of the banking system in small and medium
enterprises on the development of cooperation with (DEA)4. The question of this
Research is that: is the efficiency of commercial banks more than specialized banks
in job creation of the cooperative sector through facility payment to small and
medium enterprises?To answer, a sample consisting of nine operating banks in Ardabil province was
selected and theix efficiency was calculated by using DEA method, constant returns
to scale (CRS)1, variable returns to scale (VRS)2, decreasixy returns to scale (IRS)3,
decrease returns to scale (DRS)4 models and optimization models (input shaft and
output shaft). The Survey results show the average efficiency of commercial banks
are more than specialized banks with constant returns to scale, variable returns to
scale, increasing returns to scale, decreasing returns to scale models. The average
efficiency of banking system with variable returns to scale are more than the
average efficiency of banking system with constant returns to scale.
Nahid Malekiniya; Hossein Asgari Alouj; Azam Ghezelbash
Abstract
Working capital management is one of the management structure of an organization that plays a fundamental role and also is as a major force in evolution of the organization. So it is important to acquire economic profits.
This study investigates the relationship between working capital policy and profitability ...
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Working capital management is one of the management structure of an organization that plays a fundamental role and also is as a major force in evolution of the organization. So it is important to acquire economic profits.
This study investigates the relationship between working capital policy and profitability of companies in automobile, pharmaceutical and mineral industries in Tehran Stock Exchange. The sample was selected consisting of 235 data -year of listed companies in Tehran Stock Exchange in automobile, pharmaceutical and mineral industries from 1383 to 1387. The methodology of this research was discriptive and the hypotheses were analyzed by using Pearson correlation and regression model.
The results of this study indicate that there is no direct and significant relationship between working capital management strategies with earning per share and return on equity, but there is a direct and significant relation between working capital management strategies and return on investment but not very strong correlation, and only 6% of the variation in the return on investment can be justified by the variation in the working capital management strategies.