86425 20240111111736.0 doi 10.1016/j.ejor.2018.09.013 sideral 107417 ART-2019-107417 eng Andreu, Laura Universidad de Zaragoza (orcid)0000-0003-3661-5448 Efficiency of mutual fund managers: a slacks-based manager efficiency index 2019 Access copy available to the general public Unrestricted This 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. info:eu-repo/grantAgreement/ES/MINECO/ECO2013-45568-R info:eu-repo/grantAgreement/ES/UZ/JIUZ-2016-SOC-01 info:eu-repo/semantics/openAccess by-nc-nd http://creativecommons.org/licenses/by-nc-nd/3.0/es/ 4.213 2019 OPERATIONS RESEARCH & MANAGEMENT SCIENCE 14 / 83 = 0.169 2019 Q1 T1 2.364 2019 Computer Science (miscellaneous) 2019 Q1 Modeling and Simulation 2019 Q1 Management Science and Operations Research 2019 Q1 Information Systems and Management 2019 Q1 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Serrano, Miguel (orcid)0000-0002-8655-9934 Vicente, Luis Universidad de Zaragoza (orcid)0000-0003-4778-5960 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 273, 3 (2019), 1180-1193 Eur. J. oper. res. European Journal of Operational Research 0377-2217 452164 http://zaguan.unizar.es/record/86425/files/texto_completo.pdf Postprint 49198 http://zaguan.unizar.es/record/86425/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:86425 articulos driver 2024-01-11-10:59:06 ARTICLE