LEADER 04175nam 2200649I 450 001 9910964757903321 005 20180416090853.0 010 $a9781787439832 010 $a1787439836 010 $a9781787437999 010 $a178743799X 035 $a(CKB)4100000003268143 035 $a(MiAaPQ)EBC5163027 035 $a(UtOrBLW)9781787437999 035 $a(NjHacI)994100000003268143 035 $a(Au-PeEL)EBL5163027 035 $a(CaPaEBR)ebr11534464 035 $a(OCoLC)1030820225 035 $a(Perlego)521114 035 $a(EXLCZ)994100000003268143 100 $a20180416d2018 uy 0 101 0 $aeng 135 $aurun||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe Efficiency of Mutual Fund Families $eInsights from the Spanish Market /$fby Carlos Sanchez-Gonzalez (Universidad EIA, Colombia) 205 $a1st ed. 210 1$aBingley, England :$cEmerald Publishing,$d2018. 215 $a1 online resource (xxiii, 238 pages) $cillustrations 300 $aIncludes index. 311 08$a9781787548619 311 08$a1787548619 311 08$a9781787438002 311 08$a1787438007 320 $aIncludes bibliographical references. 327 $aFront 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. 330 $aGonzalez 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. 606 $aFinancial services industry$xManagement 606 $aIndustrial productivity$xMeasurement 606 $aMutual funds 606 $aInvestments, Spanish 606 $aBusiness & Economics, Investments & Securities / Mutual Funds$2bisacsh 606 $aInvestment & securities$2bicssc 615 0$aFinancial services industry$xManagement. 615 0$aIndustrial productivity$xMeasurement. 615 0$aMutual funds. 615 0$aInvestments, Spanish. 615 7$aBusiness & Economics, Investments & Securities / Mutual Funds. 615 7$aInvestment & securities. 676 $a332.63/27 801 0$bUtOrBLW 801 1$bUtOrBLW 906 $aBOOK 912 $a9910964757903321 996 $aThe Efficiency of Mutual Fund Families$93951611 997 $aUNINA