N IMPLEMENTATION TOWARDS THE EVALUATION OF FINANCIAL PERFORMANCE IN TURKISH INSURANCE SECTOR AT GLOBAL CRISIS SCALE

• Main Authors: Gulcan CAGIL, Melisa ERDILEK KARABAY
• Format: Article
• Language: English
• Published: Social Sciences Research Society 2010-01-01
• Series: International Journal of Economics and Finance Studies
• Online Access: http://www.sobiad.org/eJOURNALS/journal_IJEF/archieves/2010_1/06gulcan_cagil.pdf

Enterprises have to develop themselves permanently and to conduct performance analysis to maintain their presence. Although world-wide recognised performance measurement models are being implemented, preference of the best method for the enterprise with regards models in question is significant for reflecting the true financial performance of organisation. The purpose of this study is to examine performance measurement which have a rather significant place for measuring the competitive power of insurance companies in present-day financial sector. In this context, the effects of the last global crisis is taken up with an implementation on the non-life insurance sector which has been widely influenced by the crisis. This study comprises the analysis of 25 non-life insurance companies in Turkish insurance sector within the period of 2003-2008 as the financial performance of the companies during the global crisis are investigated through CRR oriented DEA technique.