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

Data envelopment analysis; Economics; Efficiency; Efficiency decomposition; Investment efficiency; Investment strategy; Management efficiency; Mutual fund managers; Network-based; Operating performance; Performance; Investments

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Main Authors: Lu W.-M., Liu J.S., Kweh Q.L., Wang C.-W.
Other Authors: 25625212800
Format: Article
Published: Elsevier 2023
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spelling my.uniten.dspace-230102023-05-29T14:14:09Z Exploring the benchmarks of the Taiwanese investment trust corporations: Management and investment efficiency perspectives Lu W.-M. Liu J.S. Kweh Q.L. Wang C.-W. 25625212800 35069737800 55661469500 56724782300 Data envelopment analysis; Economics; Efficiency; Efficiency decomposition; Investment efficiency; Investment strategy; Management efficiency; Mutual fund managers; Network-based; Operating performance; Performance; Investments Through 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. Final 2023-05-29T06:14:09Z 2023-05-29T06:14:09Z 2016 Article 10.1016/j.ejor.2015.06.065 2-s2.0-84942292730 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84942292730&doi=10.1016%2fj.ejor.2015.06.065&partnerID=40&md5=807cbad4243e6baba7c46a6c86a867b2 https://irepository.uniten.edu.my/handle/123456789/23010 248 2 607 618 Elsevier Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description Data envelopment analysis; Economics; Efficiency; Efficiency decomposition; Investment efficiency; Investment strategy; Management efficiency; Mutual fund managers; Network-based; Operating performance; Performance; Investments
author2 25625212800
author_facet 25625212800
Lu W.-M.
Liu J.S.
Kweh Q.L.
Wang C.-W.
format Article
author Lu W.-M.
Liu J.S.
Kweh Q.L.
Wang C.-W.
spellingShingle Lu W.-M.
Liu J.S.
Kweh Q.L.
Wang C.-W.
Exploring the benchmarks of the Taiwanese investment trust corporations: Management and investment efficiency perspectives
author_sort Lu W.-M.
title Exploring the benchmarks of the Taiwanese investment trust corporations: Management and investment efficiency perspectives
title_short Exploring the benchmarks of the Taiwanese investment trust corporations: Management and investment efficiency perspectives
title_full Exploring the benchmarks of the Taiwanese investment trust corporations: Management and investment efficiency perspectives
title_fullStr Exploring the benchmarks of the Taiwanese investment trust corporations: Management and investment efficiency perspectives
title_full_unstemmed Exploring the benchmarks of the Taiwanese investment trust corporations: Management and investment efficiency perspectives
title_sort exploring the benchmarks of the taiwanese investment trust corporations: management and investment efficiency perspectives
publisher Elsevier
publishDate 2023
_version_ 1806425545867526144
score 13.222552

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