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dc.contributor.authorBabalos, Vassiliosen_US
dc.contributor.authorCaporale, Guglielmo Mariaen_US
dc.contributor.authorPhilippas, Nikolaosen_US
dc.date.accessioned2009-07-22en_US
dc.date.accessioned2010-02-04T13:06:54Z-
dc.date.available2010-02-04T13:06:54Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/29817-
dc.description.abstractThis study assesses the relative performance of Greek equity funds employing a non-parametric method, specifically Data Envelopment Analysis (DEA). Using an original sample of cost and operational attributes we explore the effect of each variable on funds' operational efficiency for an oligopolistic and bank-dominated fund industry. Our results have significant implications for the investors' fund selection process since we are able to identify potential sources of inefficiencies for the funds. The most striking result is that the percentage of assets under management affects performance negatively, a conclusion which may be related to the structure of the domestic stock market. Furthermore, we provide evidence against the notion of funds' mean-variance efficiency.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDiscussion papers // German Institute for Economic Research 906en_US
dc.subject.jelG14en_US
dc.subject.jelG15en_US
dc.subject.jelG21en_US
dc.subject.jelG23en_US
dc.subject.ddc330en_US
dc.subject.keywordData envelopment analysisen_US
dc.subject.keywordportfolio efficiencyen_US
dc.subject.keywordperformance evaluationen_US
dc.subject.stwInvestmentfondsen_US
dc.subject.stwPortfolio-Managementen_US
dc.subject.stwPerformance Measurementen_US
dc.subject.stwData-Envelopment-Analyseen_US
dc.subject.stwGriechenlanden_US
dc.titleEvaluating Greek equity funds using Data Envelopment Analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn605208301en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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