Keywords: Risk-adjusted efficiency
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Journal Articles
Review of Accounting and Finance (2026) 25 (1): 52–74.
Published: 10 December 2025
...Danijel Petrović; Apostolos Dasilas; Goran Karanović Purpose This study investigates the relationship between risk management practices and operational efficiency in insurance companies using risk-adjusted efficiency data from a sample of 744 insurers from 2012 to 2021. This study aims...

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