Performance evaluation of investment companies: a free disposal hull approach
作者： Maryam Farmani , Sahar Alimardani , Masoud Ghafari
DOI: 10.17485/IJST/2012/V5I7/30513
关键词:
摘要: The aim of this study is to assess the financial performance Iranian mutual fund companies. For this, ten indices are extracted from existing data and input oriented structure free disposal hull (FDH) model applied identify their performance. We report that basic FDH does not distinguish between efficient inefficient units. Hence, a super efficiency analysis AP-FDH gain complete ranking. Accordingly, Booali Investment Corporation, second best investment company in Tehran Stock Exchange (TSE) ranking, identified as superior proposed
i-scholar.in参考文章(25)
Tom Van Puyenbroeck, Some Remarks on Modified FDH Journal of Productivity Analysis. ,vol. 9, pp. 81- 94 ,(1998) , 10.1023/A:1018372414320
M. Taghavi, M. R. Pourali, The study and analysis of value creating criteria of performance assessment in identification of different levels of financial health: Evidence from Iran Indian journal of science and technology. ,vol. 4, pp. 1378- 1381 ,(2011) , 10.17485/IJST/2011/V4I10/30186
Xueming Luo, Evaluating the profitability and marketability efficiency of large banks: An application of data envelopment analysis Journal of Business Research. ,vol. 56, pp. 627- 635 ,(2003) , 10.1016/S0148-2963(01)00293-4
Dominique Deprins, Léopold Simar, Henry Tulkens, Measuring Labor-Efficiency in Post Offices Research Papers in Economics. pp. 285- 309 ,(2006) , 10.1007/978-0-387-25534-7_16
Keith Cuthbertson, Dirk Nitzsche, Niall O'Sullivan, Mutual Fund Performance: Measurement and Evidence1 Financial Markets, Institutions & Instruments. ,vol. 19, pp. 95- 187 ,(2010) , 10.1111/J.1468-0416.2010.00156.X
Majid Zanjirdar, Ava Kabiribalajadeh, Examining relationship between ownership structure and performance of intellectual capital in the stock market of Iran Indian journal of science and technology. ,vol. 4, pp. 1369- 1377 ,(2011) , 10.17485/IJST/2011/V4I10/30185
Xiaogang CHEN, Michael SKULLY, Kym BROWN, Banking efficiency in China: Application of DEA to pre- and post-deregulation eras: 1993-2000 China Economic Review. ,vol. 16, pp. 229- 245 ,(2005) , 10.1016/J.CHIECO.2005.02.001
Celik Parkan, Ming-Lu Wu, Measurement of the performance of an investment bank using the operational competitiveness rating procedure Omega-international Journal of Management Science. ,vol. 27, pp. 201- 217 ,(1999) , 10.1016/S0305-0483(98)00041-3
Hervé Leleu, A linear programming framework for free disposal hull technologies and cost functions: Primal and dual models European Journal of Operational Research. ,vol. 168, pp. 340- 344 ,(2006) , 10.1016/J.EJOR.2004.04.042
Henry Tulkens, Pierre Pestieau, Cooperative Economy, Maurice G. Marchand, The Performance of public enterprises : concepts and measurement North-Holland , Sole distributors for the U.S.A. and Canada, Elsevier Science. ,(1984)