The Efficiency of Mutual Fund Families : Insights from the Spanish Market /

"Sánchez-González develops an innovative model that considers different management stages of mutual fund companies, overcoming the traditional dispute between the different approaches used in banking and insurance research. Research on the mutual fund industry has been primarily focused on mu...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Sánchez-González, Carlos (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Bingley, UK : Emerald, 2018.
Edición:First edition.
Temas:
Financial services industry > Management.
Industrial productivity > Measurement.
Mutual funds.
Investments, Spanish.
Services financiers > Gestion.
Productivité > Mesure.
Investissements espagnols.
Investment & securities.
BUSINESS & ECONOMICS > Finance.
Financial services industry > Management
Industrial productivity > Measurement
Investments, Spanish
Mutual funds
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Machine generated contents note: pt. I Efficiency of Mutual Fund Families: Using a Slacks-based Measure
  • ch. 1 Introduction to Part I
  • ch. 2 Background
  • 2.1. Basic Concepts
  • 2.2. Basic DEA Models
  • 2.3. Applications to Financial Institutions
  • 2.3.1. Context of Study
  • 2.3.2. Review of Frontier Studies in Financial Institutions
  • 2.3.3. Discussion on the Production and Asset Approaches
  • ch. 3 Model and Variables
  • 3.1. Multi-management Stages Model in a Mutual Fund Management Company (MFMC)
  • 3.2. Variables of the Model: The Case of the Spanish Market
  • ch. 4 Data and Empirical Analysis: The Case of the Spanish Market
  • 4.1. Data
  • 4.2. Empirical Analysis
  • 4.3. Influence of the Variable-returns-to-scale on the Efficiency Rankings
  • 4.4. Robustness of the More Controversial Variables of the Model
  • ch. 5 Conclusions and Summary of the Applications in the Spanish Market
  • Appendix A
  • pt. II Further Evaluation of Efficiency of Mutual Fund Management Companies
  • ch. 1 Introduction to Part II
  • ch. 2 Variations of the Slacks-based Measure (SBM) of Efficiency
  • 2.1. Basic Concepts of the New Measures
  • 2.2. Comparative Evaluation between the SBM Original Model and SBM Variation I
  • 2.3. Random Searches for Facets (Variation IV)
  • 2.4. Search for Locally Efficient Companies Applying Variation III
  • ch. 3 Persistence in Funds Management Companies: Do the Best Winners and Losers Usually Repeat?
  • 3.1. Persistence Studies in the Mutual Fund Industry
  • 3.2. Methodology of Performance Persistence
  • 3.3. Empirical Results of Efficiency Persistence: The Case of the Spanish Market
  • ch. 4 Conclusions and Summary of the Applications in the Spanish Market
  • Appendix B.

Ejemplares similares