efficiency comparisons across different samples. We use a latent class stochastic frontier model to estimate simultaneously …

strategies in stable and turbulent business environments. Special attention is given to the impact of efficiency versus …. Findings Efficiency and flexibility do not, in general, determine performance. However, certain strategies appear to be … superior, and in turbulent business environments, efficiency and flexibility appear well correlated with firm performance …

business environment for such firms, risk-taking behaviors play a key role in their efficiency. In addition, the level of … capitalization has become a more critical tool to counterbalance risk and efficiency. Therefore, we aimed to assess the relationship … between efficiency, risk, and the level of capitalization in a sample of Turkish securities by covering the detailed data of …

The study concentrates on the comparison of hedge fund efficiency measured by maximum drawdown measures with … traditional risk/return ratios. The examined period is from 1990 to 2011 and the data were provided by Hedge Fund Research. It is … were interesting and showed that the results of complex efficiency measures aren’t much different from traditional measures …

different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal … demand system, we estimate input and profit demand functions to obtain proxies for expected return and risk. Efficiency is … then measured in this risk-return space. Mean risk-return efficiency is somewhat higher than cost and considerably higher …

different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal … demand system, we estimate input and profit demand functions to obtain proxies for expected return and risk. Efficiency is … then measured in this risk-return space. Mean risk-return efficiency is somewhat higher than cost and considerably higher …