The Efficiency of Mutual Fund Families : Insights from the Spanish Market /
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| Author / Creator: | Sánchez-González, Carlos, author. |
|---|---|
| Edition: | First edition. |
| Imprint: | Bingley, UK : Emerald Publishing, 2018. ©2018 |
| Description: | xxiii, 238 pages : illustrations ; 24 cm |
| Language: | English |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/11564930 |
Table of Contents:
- List of Figures
- List of Tables
- About the Author
- Preface
- Acknowledgments
- Part I. The Efficiency of Mutual Fund Families: Using a Slacks-based Measure
- Chapter 1. Introduction to Part I
- Chapter 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
- Chapter 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
- Chapter 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
- Chapter 5. Conclusions and Summary of the Applications in the Spanish Market
- Appendix A.
- Part II. Further Evaluation of Efficiency of Mutual Fund Management Companies
- Chapter 1. Introduction to Part II
- Chapter 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. The Search for Locally Efficient Companies Applying Variation III
- Chapter 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
- Chapter 4. Conclusions and Summary of the Applications in the Spanish Market
- Appendix B.
- References
- Index
