Gregoriou, Greg; Rouah, Fabrice; Satchell, Stephen; … - In: The European Journal of Finance 11 (2005) 5, pp. 393-409
Data envelopment analysis (DEA) is applied, and basic and cross-efficiency models are used to evaluate the performance …, pension funds, and high-net-worth individuals with a trustworthy appraisal method in ranking their efficiency. DEA can achieve … that have achieved superior performance or, in other words, have an efficiency score of 100 in a risk/return setting. …