کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5090263 1375624 2010 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Assessing the performance of alternative investments using non-parametric efficiency measurement approaches: Is it convincing?
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Assessing the performance of alternative investments using non-parametric efficiency measurement approaches: Is it convincing?
چکیده انگلیسی
DEA-based performance assessment in the alternative investment fund industry is often motivated by the fact that DEA is capable of simultaneously handling multiple input (risk) and multiple output (return) measures, thereby still offering a single real number as a performance index without utilizing subjective weights to aggregate these inputs and outputs. This paper aims at investigating whether DEA-based performance indexes previously used to assess alternative investment fund performance are actually able to satisfy these properties, and to contrast the findings using a DEA-based performance index with those using a traditional financial performance index.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 34, Issue 2, February 2010, Pages 295-303
نویسندگان
, ,