Aygören, Hakan; Uyar, Umut; Kelten, Göksal Selahatdin - In: Borsa Istanbul Review 22 (2022) 5, pp. 925-938
The performance of funds by asset management companies needs to be based on an objective benchmark. Studies related to the topic focus on measuring performance using a discrete form that cannot capture precise total efficiency losses. In this study, we propose a continuous approach to compare...