Performance evaluation of ethical mutual funds in slump periods
Antonella Basso and
Stefania Funari ()
GE, Growth, Math methods from EconWPA
In this paper we tackle the problem of the presence of negative average rate of returns in the computation of the performance of ethical mutual funds. The presence of these negative values raises problems both in the computation of the classical performance indicators and in DEA modeling. In this paper we propose a suitably adjusted DEA model which allows the presence of non negative outputs. The model is applied to data on the UK market of ethical mutual funds.
Keywords: Performance evaluation; ethical mutual funds; data envelopment analysis (search for similar items in EconPapers)
JEL-codes: C6 D5 D9 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fmk
Note: Type of Document - pdf; pages: 17
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpge:0511001
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