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Previous studies have documented that Data Envelopment Analysis(DEA) could be a good tool to evaluate fund performance,especially the performance of hedge funds as it can incorporatemultiple risk-return attributes characterizing hedge fund's nonnormal return distribution in an unique performance...
Persistent link: https://www.econbiz.de/10008791478
compare the efficiency of Wikipedia projects in different languages and at different states of development to examine this …
Persistent link: https://www.econbiz.de/10010820569
Using a unique data set with 168 ski resorts located in France, this paper investigates the relationship between lift ticket prices and supply-related characteristics of ski resorts. A nonparametric analysis combined with a principal component analysis is used to identify the set of efficient...
Persistent link: https://www.econbiz.de/10010899389
Using a unique data set with 168 ski resorts located in France, this paper investigates the relationship between lift ticket prices and supply-related characteristics of ski resorts. A non-parametric analysis combined with a principal component analysis is used to identify the set of efficient...
Persistent link: https://www.econbiz.de/10010821392
En intégrant la variable technologique, cet article décline les concepts d'" X Efficiency " et de " performance …
Persistent link: https://www.econbiz.de/10008924868
. Particularly damaged by the economic reforms implemented from 1975 to the end of the 1990s, township hospitals efficiency is … the efficiency of township hospitals through a two-stage approach. As curative and preventive medical services delivered … different orientation chosen to compute scores. Results show that technical efficiency declines over time. Factors explaining …
Persistent link: https://www.econbiz.de/10009001268
This paper aims to show that Data Envelopment Analysis (DEA) is an efficient tool to assist investors in multiple criteria decision-making tasks like assessing hedge fund performance. DEA has the merit of offering investors the possibility to consider simultaneously multiple evaluation criteria...
Persistent link: https://www.econbiz.de/10008794389
Recent financial crises and scandals have focused attention on the system of governance and disclosure in a way many may never have imagined and few welcomed. Not only do reforms appear to be necessary to protect shareholders as well as other stakeholders, but also to develop a different...
Persistent link: https://www.econbiz.de/10008790526
This paper aims to analyze hedge fund index behavior over the 9-year period ranging from January 1994 to December 2002 with help of various statistical measures. The results indicate that hedge fund returns are not normally distributed and exhibit first order autocorrelation, a phenomenon known...
Persistent link: https://www.econbiz.de/10008793593
Se miden las ganancias potenciales de eficiencia de cinco fusiones de bancos, producidas entre 2005 y 2011, analizándolas con la metodología de análisis envolvente de datos. Dadas las divergencias entre modelos de rendimientos constantes y variables, se testean rendimientos para discernir...
Persistent link: https://www.econbiz.de/10010930238