Investment Fund Performance: Classical Performance Metrics and DEA Analysis

Mehmet Hasan Eken and Ebru Pehlivan
Additional contact information
Mehmet Hasan Eken: Kadir Has University
Ebru Pehlivan: Kadir Has University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2009, vol. 24, issue 83, 85-114

Abstract: The purpose of this study is to apply portfolio theory perform- ance measurement indexes applied frequently before and data en- velopment analysis calculations on mutual funds performance and to compare their results. Both portfolio theory performance meas- urement methods and a mathematical method have been used in this study relatively. According to this, annual performance of mu- tual funds type A and B operating in Turkish Capital markets between 2000 and 2006 were evaluated. Performance evaluation and data envelopment analyses were mentioned respectively in the first and second sections of the study. A comparison between meth- ods were done in the third sections, model used and data were.mentioned in the following sections and empirical findings were processed in the last section.

Keywords: DEA; modern portfolio theory; performance measurement; efficiency (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dergipark.org.tr/tr/download/article-file/150788 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:24:y:2009:i:83:p:85-114

Access Statistics for this article

Journal of Finance Letters (Maliye ve Finans Yazıları) is currently edited by Süleyman Kale

More articles in Journal of Finance Letters (Maliye ve Finans Yazıları) from Maliye ve Finans Yazıları Yayıncılık Ltd. Şti.
Bibliographic data for series maintained by Süleyman Kale ().