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dc.contributor.authorBabalos, Vassiliosen
dc.contributor.authorCaporale, Guglielmo Mariaen
dc.contributor.authorPhilippas, Nikolaosen
dc.date.accessioned2009-07-22-
dc.date.accessioned2010-02-04T13:06:54Z-
dc.date.available2010-02-04T13:06:54Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x906en
dc.subject.jelG14en
dc.subject.jelG15en
dc.subject.jelG21en
dc.subject.jelG23en
dc.subject.ddc330en
dc.subject.keywordData envelopment analysisen
dc.subject.keywordportfolio efficiencyen
dc.subject.keywordperformance evaluationen
dc.subject.stwInvestmentfondsen
dc.subject.stwPortfolio-Managementen
dc.subject.stwPerformance Measurementen
dc.subject.stwData-Envelopment-Analyseen
dc.subject.stwGriechenlanden
dc.titleEvaluating Greek equity funds using Data Envelopment Analysis-
dc.type|aWorking Paperen
dc.identifier.ppn605208301en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp906en

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