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Deutsches Institut für Wirtschaftsforschung (DIW), Berlin >
DIW-Diskussionspapiere >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/29817
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Babalos, Vassilios | | en_US |
| dc.contributor.author | | Caporale, Guglielmo Maria | | en_US |
| dc.contributor.author | | Philippas, Nikolaos | | en_US |
| dc.date.accessioned | | 2009-07-22 | | en_US |
| dc.date.accessioned | | 2010-02-04T13:06:54Z | | - |
| dc.date.available | | 2010-02-04T13:06:54Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/29817 | | - |
| dc.description.abstract | | This 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.iso | | eng | | en_US |
| dc.publisher | | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin | | en_US |
| dc.relation.ispartofseries | | Discussion papers // German Institute for Economic Research 906 | | en_US |
| dc.subject.jel | | G14 | | en_US |
| dc.subject.jel | | G15 | | en_US |
| dc.subject.jel | | G21 | | en_US |
| dc.subject.jel | | G23 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Data envelopment analysis | | en_US |
| dc.subject.keyword | | portfolio efficiency | | en_US |
| dc.subject.keyword | | performance evaluation | | en_US |
| dc.subject.stw | | Investmentfonds | | en_US |
| dc.subject.stw | | Portfolio-Management | | en_US |
| dc.subject.stw | | Performance Measurement | | en_US |
| dc.subject.stw | | Data-Envelopment-Analyse | | en_US |
| dc.subject.stw | | Griechenland | | en_US |
| dc.title | | Evaluating Greek equity funds using Data Envelopment Analysis | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 605208301 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW DIW-Diskussionspapiere
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