EconPapers    
Economics at your fingertips  
 

The role of fund size in the performance of mutual funds assessed with DEA models

Antonella Basso and Stefania Funari

The European Journal of Finance, 2017, vol. 23, issue 6, 457-473

Abstract: This contribution studies the role of the size of mutual funds in the evaluation of the fund performance with a data envelopment analysis (DEA) approach, with the aim of studying the issue from different angles and with different statistical tools and investigating the presence of a positive or negative size effect in mutual funds market. Firstly, we discuss the role of fund size in the performance evaluation and wonder whether it is appropriate to include size information among the variables of DEA models. Secondly, we analyse the presence of a relationship between the performance scores and the size of mutual funds using different statistical tests and carry out an empirical investigation on a set of European equity mutual funds. Thirdly, we study scale efficiency and investigate whether the European mutual funds analysed exhibit constant, increasing or decreasing returns to scale.

Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1080/1351847X.2016.1164209 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The role of fund size in the performance of mutual funds assessed with DEA models (2014) Downloads
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:taf:eurjfi:v:23:y:2017:i:6:p:457-473

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJF20

Access Statistics for this article

The European Journal of Finance is currently edited by Chris Adcock

More articles in The European Journal of Finance from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2019-09-30
Handle: RePEc:taf:eurjfi:v:23:y:2017:i:6:p:457-473