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The Resource The Efficiency of Mutual Fund Families : Insights from the Spanish Market, Carlos Sánchez-González

The Efficiency of Mutual Fund Families : Insights from the Spanish Market, Carlos Sánchez-González

Creator
Summary
"Sánchez-González develops an innovative model that considers different management stages of mutual fund companies, overcoming the traditional dispute between the different approaches used in banking and insurance research. Research on the mutual fund industry has been primarily focused on mutual funds rather than on their management companies. This new work fills this gap in the empirical knowledge of the efficiency obtained by mutual fund management companies. The research analyses the Spanish case, which is one of the most relevant fund industries in the Euro market, providing new insights into issues that have not been explored prior. Data envelopment analysis (DEA) is the basic methodology used to evaluate the efficiency level. The book consists of two parts. The first part includes the basic concepts, a brief explanation of the basic DEA models, and a review of the most important applications to financial institutions. The authors formulate the multi-management stage model and the unique set of fund industry-specific variables used in this research. Subsequently, the efficiency of Spanish mutual fund companies is evaluated using the SBM approach. Finally, this part concludes and summarises the major findings of the efficiency analysis. The second part of the book reviews the major concepts of the variations in the original SBM approach and the more accurate empirical results of these SBM variants in the Spanish mutual fund industry. Subsequently, this part illustrates the persistence phenomenon to further determine whether any relevant factors may drive the efficiency results previously obtained. Finally, the second part presents conclusions and a summary of the major findings."--
Language
eng
Work
Publication
Edition
First edition.
Extent
xxiii, 238 pages
Isbn
9781787438002
Instance
Label
The Efficiency of Mutual Fund Families : Insights from the Spanish Market
Title
The Efficiency of Mutual Fund Families
Title remainder
Insights from the Spanish Market
Statement of responsibility
Carlos Sánchez-González
Creator
Subject
Language
eng
Summary
"Sánchez-González develops an innovative model that considers different management stages of mutual fund companies, overcoming the traditional dispute between the different approaches used in banking and insurance research. Research on the mutual fund industry has been primarily focused on mutual funds rather than on their management companies. This new work fills this gap in the empirical knowledge of the efficiency obtained by mutual fund management companies. The research analyses the Spanish case, which is one of the most relevant fund industries in the Euro market, providing new insights into issues that have not been explored prior. Data envelopment analysis (DEA) is the basic methodology used to evaluate the efficiency level. The book consists of two parts. The first part includes the basic concepts, a brief explanation of the basic DEA models, and a review of the most important applications to financial institutions. The authors formulate the multi-management stage model and the unique set of fund industry-specific variables used in this research. Subsequently, the efficiency of Spanish mutual fund companies is evaluated using the SBM approach. Finally, this part concludes and summarises the major findings of the efficiency analysis. The second part of the book reviews the major concepts of the variations in the original SBM approach and the more accurate empirical results of these SBM variants in the Spanish mutual fund industry. Subsequently, this part illustrates the persistence phenomenon to further determine whether any relevant factors may drive the efficiency results previously obtained. Finally, the second part presents conclusions and a summary of the major findings."--
Assigning source
Provided by publisher
http://library.link/vocab/creatorName
Sánchez-González, Carlos,
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Financial services industry
  • Industrial productivity
  • Mutual funds
  • Investments, Spanish
Label
The Efficiency of Mutual Fund Families : Insights from the Spanish Market, Carlos Sánchez-González
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
on1029759753
Dimensions
23 cm.
Edition
First edition.
Extent
xxiii, 238 pages
Form of item
online
Isbn
9781787438002
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)1029759753
Label
The Efficiency of Mutual Fund Families : Insights from the Spanish Market, Carlos Sánchez-González
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
on1029759753
Dimensions
23 cm.
Edition
First edition.
Extent
xxiii, 238 pages
Form of item
online
Isbn
9781787438002
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)1029759753

Subject

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      43.803074 11.283055

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