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Paper Information

Journal:   PRODUCTION AND OPERATIONS MANAGEMENT   SPRING-SUMMER 2016 , Volume 7 , Number 1 (12) ; Page(s) 83 To 102.
 
Paper: 

EVALUATING THE EFFICIENCY OF MUTUAL FUNDS BASED ON DEA MODELS

 
 
Author(s):  TAJMIR RIYAHI HAMED, ESMAILI ATOEI SALMAN, HABIBI MOHAMMAD HASAN
 
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Abstract: 

Mutual funds are used in stock exchanges in the world with the goal of increasing efficiency and boosting investment in capital markets and have an important role in financing resources and leading it to the production capacity. The philosophy of establishing these mutual funds is to gather funds and invest them in a collection of diverse securities (stocks, bonds and other kinds of securities). The efficiency of mutual funds with regard to the high volume of their buying and selling in the capital market is the main discussions about them. In this research, based on Data Envelopment Analysis that is a nonparametric method, the mutual funds existing until May 2011 are ranked based on BCC and CCR models, then return on scale of them is examined and finally, mutual funds are ranked by A& P model. The results show that 16 and 18 mutual funds are on the efficiency boundary based on CCR and BCC models, respectively. Return on scale for mutual funds is not constant.

 
Keyword(s): MUTUAL FUNDS, DATA ENVELOPMENT ANALYSIS, RETURN ON SCALE, EFFICIENCY
 
 
References: 
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APA: Copy

TAJMIR RIYAHI, H., & ESMAILI ATOEI, S., & HABIBI, M. (2016). EVALUATING THE EFFICIENCY OF MUTUAL FUNDS BASED ON DEA MODELS. PRODUCTION AND OPERATIONS MANAGEMENT, 7(1 (12) ), 83-102. https://www.sid.ir/en/journal/ViewPaper.aspx?id=570790



Vancouver: Copy

TAJMIR RIYAHI HAMED, ESMAILI ATOEI SALMAN, HABIBI MOHAMMAD HASAN. EVALUATING THE EFFICIENCY OF MUTUAL FUNDS BASED ON DEA MODELS. PRODUCTION AND OPERATIONS MANAGEMENT. 2016 [cited 2021July24];7(1 (12) ):83-102. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=570790



IEEE: Copy

TAJMIR RIYAHI, H., ESMAILI ATOEI, S., HABIBI, M., 2016. EVALUATING THE EFFICIENCY OF MUTUAL FUNDS BASED ON DEA MODELS. PRODUCTION AND OPERATIONS MANAGEMENT, [online] 7(1 (12) ), pp.83-102. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=570790.



 
 
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