03957nam 2200553I 450 991079660230332120180416090853.01-78743-983-61-78743-799-X(CKB)4100000003268143(MiAaPQ)EBC5163027(UtOrBLW)9781787437999(NjHacI)994100000003268143(EXLCZ)99410000000326814320180416d2018 uy 0engurun|||||||||txtrdacontentcrdamediacrrdacarrierThe Efficiency of Mutual Fund Families Insights from the Spanish Market /by Carlos Sanchez-Gonzalez (Universidad EIA, Colombia)Bingley, England :Emerald Publishing,2018.1 online resource (xxiii, 238 pages) illustrationsIncludes index.1-78754-861-9 1-78743-800-7 Includes bibliographical references.Front Cover; The Efficiency of Mutual Fund Families: Insights from the Spanish Market; Copyright Page; Contents; List of Figures; List of Tables; About the Author; Preface; Acknowledgments; Part I. The Efficiency of Mutual Fund Families: Using a Slacks-based Measure; Chapter 1 Introduction to Part I; Chapter 2 Background; 2.1. Basic Concepts; 2.2. Basic DEA Models; 2.3. Applications to Financial Institutions; 2.3.1. Context of Study; 2.3.2. Review of Frontier Studies in Financial Institutions; 2.3.3. Discussion on the Production and Asset Approaches; Chapter 3 Model and Variables. 3.1. Multi-management Stages Model in a Mutual Fund Management Company (MFMC)3.2. Variables of the Model: The Case of the Spanish Market; Chapter 4 Data and Empirical Analysis: The Case of the Spanish Market; 4.1. Data; 4.2. Empirical Analysis; 4.3. Influence of the Variable-returns-to-scale on the Efficiency Rankings; 4.4. Robustness of the More Controversial Variables of the Model; Chapter 5 Conclusions and Summary of the Applications in the Spanish Market; Appendix A; Part II. Further Evaluation of Efficiency of Mutual Fund Management Companies; Chapter 1 Introduction to Part II. Chapter 2 Variations of the Slacks-based Measure (SBM) of Efficiency2.1. Basic Concepts of the New Measures; 2.2. Comparative Evaluation between the SBM Original Model and SBM Variation I; 2.3. Random Searches for Facets (Variation IV); 2.4. The Search for Locally Efficient Companies Applying Variation III; Chapter 3 Persistence in Funds Management Companies: Do the Best Winners and Losers Usually Repeat?; 3.1. Persistence Studies in the Mutual Fund Industry; 3.2. Methodology of Performance Persistence; 3.3. Empirical Results of Efficiency Persistence: The Case of the Spanish Market. Chapter 4 Conclusions and Summary of the Applications in the Spanish MarketAppendix B; References; Index.Gonzalez develops an innovative model that considers different management stages of mutual fund companies, overcoming the traditional dispute between the different approaches used in banking and insurance research.Financial services industryManagementIndustrial productivityMeasurementMutual fundsInvestments, SpanishBusiness & Economics, Investments & Securities / Mutual FundsbisacshInvestment & securitiesbicsscFinancial services industryManagement.Industrial productivityMeasurement.Mutual funds.Investments, Spanish.Business & Economics, Investments & Securities / Mutual Funds.Investment & securities.332.63/27Sanchez-Gonzalez Carlos1487173UtOrBLWUtOrBLWBOOK9910796602303321The Efficiency of Mutual Fund Families3706917UNINA