NDLI: Chinese Open-End Fund Operational Efficiency Appraisal Using Data Envelopment Analysis

Content Provider	IEEE Xplore Digital Library
Author	Guanghui Song Wenwei Guo
Copyright Year	2008
Description	Author affiliation: Sch. of Bus. Adm., South China Univ. of Technol., Guangzhou (Guanghui Song; Wenwei Guo)
Abstract	This study uses data envelopment analysis (DEA) to evaluate the operational efficiency of 50 Chinese open-end funds, and makes a comparative analysis of selected fundspsila operational efficiency according to the fund size, investment type and investment style from the perspective of the overall and division. The result showed that bond funds had the maximum and stable average efficiency, hybrid funds made poor efficiency and equity funds ranked between them. Medium-scale funds showed the maximum and stable average operational efficiency among equity funds. Similarly, index funds showed the maximum operational efficiency and the strong continuing growth among the equity funds with different investment styles. Value funds showed the steady performance, while growth funds had significant operational efficiency of growth with greater fluctuation.
Starting Page	570
Ending Page	575
File Size	247747
Page Count	6
File Format	PDF
ISBN	9780769534022
DOI	10.1109/ICRMEM.2008.18
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2008-11-04
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Appraisal Electronic mail operational efficiency Risk analysis Investments data envelopment analysis open-end fund Risk management Stock markets Research and development management Bonding Portfolios Data envelopment analysis
Content Type	Text
Resource Type	Article

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