Cost Efficiency and Returns to Scope in Italian Investment Firms

Marcello Basili and Fulvio Fontini

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: This paper estimates cost efficiency and returns to scope of Italian investment firms during the period 1998-2002, following the stochastic frontier function approach. Results indicate a large inefficiency for Italian investment firms (with a high standard deviation across sample) and the absence of significant returns to scope

Keywords: Stochastic Frontier; Efficiency; Returns to scope; Investment Firms (search for similar items in EconPapers)
JEL-codes: D24 G24 L25 (search for similar items in EconPapers)
Date: 2005-05
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Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:450

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