The impacts of risk-management committee characteristics and prestige on efficiency

We examine the effects of risk‐management committee characteristics and prestige on efficiency, as well as the moderating effect of risk‐management committee prestige on the association between risk‐management committee characteristics and the efficiency of Malaysian insurance companies between 2008 and 2013. We apply the dynamic network slacks‐based measure model to estimate efficiency, and truncated regression with a bootstrapping procedure to examine the impacts of risk‐management committee characteristics and prestige on efficiency. We find significantly positive relationships among the variables, with the exception of the number of risk‐management committee meetings. Furthermore, risk‐management committee prestige could minimize the positive effect of risk‐management committee characteristics on efficiency.