Abstract:
In this research, we evaluated performance analysis and ranking of insurance
companies listed on the capital market of Iran using data envelopment analysis. In
respect of the target the research is applied. The type of research design relying on
historical data, is event following and inductive method is inference. The study is
consisted of a key question and three sub-questions. This research studies the
insurance companies listed on the capital market over a three-year period (2013-
2015). Finally, according to the study, data was collected from 9 companies. To
document the results of the statistical analysis and providing solutions, using
SPSS software, Excel and GE MS we attempted to analyse the questions. At the
end, the ranking resulted to the conclusion that the most efficient insurance companies
of capital markets, are as follows: Alborz, Dana, Sina, Moalem, Asia,
Pasargad, Parsian and Saman.
Machine summary:
Various research indicates poor performance in Tehran Stock Exchange, in such a market investors and users of information try to distinguish superior companies from non-superior ones to have a good investment; As for the evaluation of companies listed on the exchange market, on the one hand, we have to measure their efficiency and on the other hand we are facing to the evaluation methods and measures of financial failures, especially in the field of organizational effectiveness [9].
This study analyses the performance and ranking of insurance companies listed on the capital market of Iran using data envelopment analysis.
The main objective of the current study is analyzing the performance of insurance companies listed on the capital market of Iran using data envelopment analysis.
Then the definite and rigid models of data envelopment analysis were put in the environment of programming software and then solved and the results are presented in table: In this section in four available models, the company's performance has been calculated and optimized efficacy related to input – oriented BCC model, as selected and their weights are presented in the last table: The company's performance using four study models: Table 5: Units' performance using 4 models (View the image of this page) In the table above using Gomez software and mean of each variable data in different years, efficacy of units is calculated.
6 Discussion and Conclusions In this study we tried to identify, evaluate and compare the performance and ranking of insurance companies listed on the capital market of Iran using data envelopment analysis.