| Página principal > Artículos > Efficiency of mutual fund managers: a slacks-based manager efficiency index > MARC |
000086425 001__ 86425 000086425 005__ 20240111111736.0 000086425 0247_ $$2doi$$a10.1016/j.ejor.2018.09.013 000086425 0248_ $$2sideral$$a107417 000086425 037__ $$aART-2019-107417 000086425 041__ $$aeng 000086425 100__ $$0(orcid)0000-0003-3661-5448$$aAndreu, Laura$$uUniversidad de Zaragoza 000086425 245__ $$aEfficiency of mutual fund managers: a slacks-based manager efficiency index 000086425 260__ $$c2019 000086425 5060_ $$aAccess copy available to the general public$$fUnrestricted 000086425 5203_ $$aThis paper develops an innovative slacks-based manager efficiency index (SMEI) to evaluate the efficiency of mutual fund managers. First, the SMEI contributes to decisions by evaluating the efficiency of the manager as a whole instead of focusing on individual mutual funds. Second, the SMEI includes socio-demographic variables to extend the mere consideration of financial variables in the model. Third, the SMEI identifies locally efficient but globally inefficient managers. This local SMEI evaluates managers in reference to the ‘best practice’ competitors with similar management characteristics. Finally, this paper includes a real application of the SMEI in a sample of individual managers in the Spanish mutual fund industry. This empirical illustration further examines the persistence of the efficiency scores and the influence of the SMEI variables on the efficiency of individual managers. 000086425 536__ $$9info:eu-repo/grantAgreement/ES/MINECO/ECO2013-45568-R$$9info:eu-repo/grantAgreement/ES/UZ/JIUZ-2016-SOC-01 000086425 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/ 000086425 590__ $$a4.213$$b2019 000086425 591__ $$aOPERATIONS RESEARCH & MANAGEMENT SCIENCE$$b14 / 83 = 0.169$$c2019$$dQ1$$eT1 000086425 592__ $$a2.364$$b2019 000086425 593__ $$aComputer Science (miscellaneous)$$c2019$$dQ1 000086425 593__ $$aModeling and Simulation$$c2019$$dQ1 000086425 593__ $$aManagement Science and Operations Research$$c2019$$dQ1 000086425 593__ $$aInformation Systems and Management$$c2019$$dQ1 000086425 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000086425 700__ $$0(orcid)0000-0002-8655-9934$$aSerrano, Miguel 000086425 700__ $$0(orcid)0000-0003-4778-5960$$aVicente, Luis$$uUniversidad de Zaragoza 000086425 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab. 000086425 773__ $$g273, 3 (2019), 1180-1193$$pEur. J. oper. res.$$tEuropean Journal of Operational Research$$x0377-2217 000086425 8564_ $$s452164$$uhttps://zaguan.unizar.es/record/86425/files/texto_completo.pdf$$yPostprint 000086425 8564_ $$s49198$$uhttps://zaguan.unizar.es/record/86425/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint 000086425 909CO $$ooai:zaguan.unizar.es:86425$$particulos$$pdriver 000086425 951__ $$a2024-01-11-10:59:06 000086425 980__ $$aARTICLE
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