With respect to its small-cap funds, the Morningstar category rating is preferred to the Morningstar star rating with respect to the preponderance of its associations with both the Jensen Alpha and Sharpe Index. But, neither captures the entirety of the Sharpe Index and, especially, the Jensen...

What the study findings say is that there are identified input/output and profile variables that are significantly different between the Morningstar 500 [1999] large-cap mutual funds that are DEA performance-efficient and inefficient. The Sharpe index represents the DEA output variable.That is,...

Only 11 of the 58 sample small-cap mutual funds are DEA efficient, and, of these, value funds represent by far the largest percentage. Twenty-five funds are least inefficient and 22 are inefficient. The mutual funds that are managerially inefficient tend to have the largest values for the seven...

Cluster analysis of the Morningstar 500 style classifications (growth, blend, and value) of large-cap mutual funds identifies three homogeneous style groups: growth and two versions of value. The mix of Morningstar styles in each identified cluster reflects problems in correctly classifying fund...

This study uses a pooled matched-sample for the years 1977 and 1987 to examine the strategic adaptability of motor carriers, in the post-deregulation environment in the context of financial mobility. This concept, first delineated by Donaldson, refers to the strategic inventorying of financial...