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Exploring the benchmarks of the Taiwanese investment trust corporations: Management and investment efficiency perspectives

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dc.citedby15
dc.contributor.authorLu W.-M.en_US
dc.contributor.authorLiu J.S.en_US
dc.contributor.authorKweh Q.L.en_US
dc.contributor.authorWang C.-W.en_US
dc.contributor.authorid25625212800en_US
dc.contributor.authorid35069737800en_US
dc.contributor.authorid55661469500en_US
dc.contributor.authorid56724782300en_US
dc.date.accessioned2023-05-29T06:14:09Z
dc.date.available2023-05-29T06:14:09Z
dc.date.issued2016
dc.descriptionData envelopment analysis; Economics; Efficiency; Efficiency decomposition; Investment efficiency; Investment strategy; Management efficiency; Mutual fund managers; Network-based; Operating performance; Performance; Investmentsen_US
dc.description.abstractThrough an additive efficiency decomposition (AED) approach in data envelopment analysis (DEA), we evaluate the management and investment efficiencies of Investment Trust Corporations (ITCs) in Taiwan for the period 2007-2011. Furthermore, the AED-DEA and a network-based ranking approach in DEA are jointly used to rank and identify ITCs that can be treated as benchmarks. Frontier projections for ITCs are also highlighted. In general, our results demonstrate that the sample ITCs have higher investment efficiency than the management efficiency. Foreign ITCs appear to be the most efficient ones as compared to local ITCs and financial-holding ITCs. Finally, we construct a competitive map to help mutual fund managers improve their operating performance, resource allocation, and investment strategy formulation. � 2015 Elsevier B.V. and Association of European Operational Research Societies (EURO) within the International Federation of Operational Research Societies (IFORS). All rights reserved.en_US
dc.description.natureFinalen_US
dc.identifier.doi10.1016/j.ejor.2015.06.065
dc.identifier.epage618
dc.identifier.issue2
dc.identifier.scopus2-s2.0-84942292730
dc.identifier.spage607
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84942292730&doi=10.1016%2fj.ejor.2015.06.065&partnerID=40&md5=807cbad4243e6baba7c46a6c86a867b2
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/23010
dc.identifier.volume248
dc.publisherElsevieren_US
dc.sourceScopus
dc.sourcetitleEuropean Journal of Operational Research
dc.titleExploring the benchmarks of the Taiwanese investment trust corporations: Management and investment efficiency perspectivesen_US
dc.typeArticleen_US
dspace.entity.typePublication
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