کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
6896293 | 1445992 | 2016 | 39 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Exploring the benchmarks of the Taiwanese investment trust corporations: Management and investment efficiency perspectives
ترجمه فارسی عنوان
بررسی معیارهای شرکت های اعتباری سرمایه گذاری تایوان: دیدگاه های بازدهی مدیریت و سرمایه گذاری
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موضوعات مرتبط
مهندسی و علوم پایه
مهندسی کامپیوتر
علوم کامپیوتر (عمومی)
چکیده انگلیسی
Through an additive efficiency decomposition (AED) approach in data envelopment analysis (DEA), we evaluate the management and investment efficiencies of Investment Trust Corporations (ITCs) in Taiwan for the period 2007-2011. Furthermore, the AED-DEA and a network-based ranking approach in DEA are jointly used to rank and identify ITCs that can be treated as benchmarks. Frontier projections for ITCs are also highlighted. In general, our results demonstrate that the sample ITCs have higher investment efficiency than the management efficiency. Foreign ITCs appear to be the most efficient ones as compared to local ITCs and financial-holding ITCs. Finally, we construct a competitive map to help mutual fund managers improve their operating performance, resource allocation, and investment strategy formulation.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Journal of Operational Research - Volume 248, Issue 2, 16 January 2016, Pages 607-618
Journal: European Journal of Operational Research - Volume 248, Issue 2, 16 January 2016, Pages 607-618
نویسندگان
Wen-Min Lu, John S. Liu, Qian Long Kweh, Chung-Wei Wang,