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

Antonella Basso () and Stefania Funari

No 18, Working Papers from Venice School of Management - Department of Management, Università Ca' Foscari Venezia

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 of testing the presence of economies or diseconomies of scale in the 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.

Keywords: Fund size; Mutual fund performance evaluation; Data envelopment analysis (DEA). (search for similar items in EconPapers)
JEL-codes: C65 G1 G23 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2014-10
New Economics Papers: this item is included in nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: The role of fund size in the performance of mutual funds assessed with DEA models (2017)
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