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Precious Metal Mutual Fund Performance Evaluation: A Series Two-Stage DEA Modeling Approach
| Content Provider | MDPI |
|---|---|
| Author | Tsolas, Ioannis E. |
| Copyright Year | 2020 |
| Description | This paper documents a new series two-stage data envelopment analysis (DEA) modeling framework for mutual fund performance evaluation in terms of operational and portfolio management efficiency that is implemented to a sample of precious metal mutual funds (PMMFs). In the first and second stage, one-input/one-output and multi-input/one-output settings are used, respectively. In the light of the results, the funds assessed are inefficient in both operational and portfolio management process and in particular, they seem to be more inefficiently operated. The operational management efficiency is correlated with portfolio management efficiency and, therefore, sample funds should give more emphasis on their operational policies to ensure their success in the industry. The research framework may not only benefit PMMFs, but also funds of other classes to quantify their performance and improve their competitive advantages. |
| Starting Page | 87 |
| e-ISSN | 19118074 |
| DOI | 10.3390/jrfm13050087 |
| Journal | Journal of Risk and Financial Management |
| Issue Number | 5 |
| Volume Number | 13 |
| Language | English |
| Publisher | MDPI |
| Publisher Date | 2020-04-30 |
| Access Restriction | Open |
| Subject Keyword | Journal of Risk and Financial Management Mathematical Social Sciences Precious Metal Mutual Funds Efficiency Data Envelopment Analysis Series Two-stage Dea |
| Content Type | Text |
| Resource Type | Article |
