TY - JOUR
T1 - Mutual fund performance: The decision quality and capital magnet efficiencies
AU - Hsieh, H.P.
AU - Tebourbi, I.
AU - Lu, W.-M.
AU - Liu, N.-Y.
PY - 2020/2/3
Y1 - 2020/2/3
N2 - This study employs a two-stage network data envelopment analysis model to analyze the decision quality and capital magnet efficiencies of 155 mutual funds in Taiwan during the period 2007–2016. The empirical results show that fund managers improved their decision quality; however, their capital magnet efficiency declined. This study also found 10 mutual funds performing in decision quality and capital magnet efficiencies, from which practical suggestions are provided to investors. Finally, this study constructs a market competition matrix to help fund managers (and investors) improve their operating and portfolio performance, plus resource allocation.
AB - This study employs a two-stage network data envelopment analysis model to analyze the decision quality and capital magnet efficiencies of 155 mutual funds in Taiwan during the period 2007–2016. The empirical results show that fund managers improved their decision quality; however, their capital magnet efficiency declined. This study also found 10 mutual funds performing in decision quality and capital magnet efficiencies, from which practical suggestions are provided to investors. Finally, this study constructs a market competition matrix to help fund managers (and investors) improve their operating and portfolio performance, plus resource allocation.
UR - http://www.scopus.com/inward/record.url?eid=2-s2.0-85085864109&partnerID=MN8TOARS
U2 - 10.1002/mde.3143
DO - 10.1002/mde.3143
M3 - Article
SN - 0143-6570
VL - 41
SP - 861
EP - 872
JO - Managerial and Decision Economics
JF - Managerial and Decision Economics
IS - 5
ER -