Performance Valuation of Romanian Mutual Funds Market during 2007-2015 Using Data Envelopment Analysis Methodology

Ioana Pop-Radu ()
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Ioana Pop-Radu: Babes Bolyai University of Cluj-Napoca

Acta Universitatis Danubius. OEconomica, 2018, issue 14(1), 125-137

Abstract: The research enhances the investment funds efficiency analysis within a new founded method that has not yet been applied for the Romanian market. Consequently, the study provides a novelty approach of performance evaluation of mutual funds using the non-parametric method of Data Envelopment Analysis – DEA analysis. This research approach is significant as there were fewer studies that have included the local industry on the map of the global investment funds market. It becomes one of the studies that observes the main development areas of the national investment funds industry. As well, the research outlines the industry’s redimensioning trends and sets a pillar for the local literature. Therewith, our approach gains relevance as it provides relevant alternatives in boosting the economy thourgh this investment vehicles – by funding companies and simultaneously by supporting economic growth. This topic is attractive for the latter researches as mutual funds issues (dynamic, market size, market shares) involve a wide areas of study, industries and countries, enhancing a great significance for both academic literature and global capital market as complex connections are involved between capital allocation, financing decisions and economy.

Keywords: investment funds; DEA; performance evaluation; efficiency and risk measures (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2018:i:1:p:125-137

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