View in EDS PDF Full Text ePub Full Text

The Efficiency of Mutual Fund Families : Insights From the Spanish Market

Saved in:
Bibliographic Details
Title: The Efficiency of Mutual Fund Families : Insights From the Spanish Market
Description: The investment alternatives offered by mutual funds have had a significant effect on the savings patterns of many countries. Industry research has primarily focused on the funds themselves rather than on their management companies, but like other financial institutions, these companies, also known as mutual fund families, have experienced great periods of both expansion and contraction. It is important to address the efficiency of these institutions, as well. Carlos Sánchez González fills this gap in our knowledge with this empirical study. He develops an innovative model that considers the management stages of mutual fund companies, overcoming the traditional dispute between the different approaches used in banking and insurance research. Using data envelopment analysis (DEA) to evaluate efficiency levels, Sánchez González investigates the Spanish case, one of the most relevant industries in the Euro market, in order to provide insights into issues that have never been explored before. His study consists of two parts. The first explains the basic concepts, offers a brief explanation of the basic DEA models, and gives a review of the most important applications to financial institutions, all while developing a unique set of industry-specific variables in order to show how to apply the original slacks-based measure (SBM) approach. The second reviews the major concepts of SBM variations and shows how they can be applied to the Spanish mutual fund family industry in order to obtain unprecedentedly accurate empirical measures of its efficiency. This ground-breaking work offers much food for thought to academic researchers and postgraduate students of management, finance, and marketing.
Authors: Carlos Sánchez González
Resource Type: eBook.
Subjects: Investments, Spanish, Mutual funds, Financial services industry--Management, Industrial productivity--Measurement
Categories: BUSINESS & ECONOMICS / Investments & Securities / Mutual Funds, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Investments & Securities / Portfolio Management
Database: eBook Collection (EBSCOhost)
FullText Links:
  – Type: ebook-pdf
  – Type: ebook-epub
Text:
  Availability: 0
Header DbId: nlebk
DbLabel: eBook Collection (EBSCOhost)
An: 1595581
RelevancyScore: 1084
AccessLevel: 6
PubType: eBook
PubTypeId: ebook
PreciseRelevancyScore: 1083.55249023438
IllustrationInfo
ImageInfo – Size: thumb
  Target: https://rps2images.ebscohost.com/rpsweb/othumb?id=NL$1595581$PDF&s=r
– Size: medium
  Target: https://rps2images.ebscohost.com/rpsweb/othumb?id=NL$1595581$PDF&s=d
Items – Name: Title
  Label: Title
  Group: Ti
  Data: The Efficiency of Mutual Fund Families : Insights From the Spanish Market
– Name: Abstract
  Label: Description
  Group: Ab
  Data: The investment alternatives offered by mutual funds have had a significant effect on the savings patterns of many countries. Industry research has primarily focused on the funds themselves rather than on their management companies, but like other financial institutions, these companies, also known as mutual fund families, have experienced great periods of both expansion and contraction. It is important to address the efficiency of these institutions, as well. Carlos Sánchez González fills this gap in our knowledge with this empirical study. He develops an innovative model that considers the management stages of mutual fund companies, overcoming the traditional dispute between the different approaches used in banking and insurance research. Using data envelopment analysis (DEA) to evaluate efficiency levels, Sánchez González investigates the Spanish case, one of the most relevant industries in the Euro market, in order to provide insights into issues that have never been explored before. His study consists of two parts. The first explains the basic concepts, offers a brief explanation of the basic DEA models, and gives a review of the most important applications to financial institutions, all while developing a unique set of industry-specific variables in order to show how to apply the original slacks-based measure (SBM) approach. The second reviews the major concepts of SBM variations and shows how they can be applied to the Spanish mutual fund family industry in order to obtain unprecedentedly accurate empirical measures of its efficiency. This ground-breaking work offers much food for thought to academic researchers and postgraduate students of management, finance, and marketing.
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Carlos+Sánchez+González%22">Carlos Sánchez González</searchLink>
– Name: TypePub
  Label: Resource Type
  Group: TypPub
  Data: eBook.
– Name: Subject
  Label: Subjects
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Investments%2C+Spanish%22">Investments, Spanish</searchLink><br /><searchLink fieldCode="DE" term="%22Mutual+funds%22">Mutual funds</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+services+industry--Management%22">Financial services industry--Management</searchLink><br /><searchLink fieldCode="DE" term="%22Industrial+productivity--Measurement%22">Industrial productivity--Measurement</searchLink>
– Name: SubjectBISAC
  Label: Categories
  Group: Su
  Data: <searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Investments+%26+Securities+%2F+Mutual+Funds%22">BUSINESS & ECONOMICS / Investments & Securities / Mutual Funds</searchLink><br /><searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Finance+%2F+General%22">BUSINESS & ECONOMICS / Finance / General</searchLink><br /><searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Investments+%26+Securities+%2F+Portfolio+Management%22">BUSINESS & ECONOMICS / Investments & Securities / Portfolio Management</searchLink>
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1595581
RecordInfo BibRecord:
  BibEntity:
    Classifications:
      – Code: 332.1068
        Scheme: ddc
        Type: prePub
    Languages:
      – Code: eng
        Text: English
    Subjects:
      – SubjectFull: Investments, Spanish
        Type: general
      – SubjectFull: Mutual funds
        Type: general
      – SubjectFull: Financial services industry--Management
        Type: general
      – SubjectFull: Industrial productivity--Measurement
        Type: general
    Titles:
      – TitleFull: The Efficiency of Mutual Fund Families : Insights From the Spanish Market
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Carlos Sánchez González
      – PersonEntity:
          Name:
            NameFull: Carlos Sánchez González
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 2018
            – D: 29
              M: 03
              Type: profile
              Y: 2018
          Identifiers:
            – Type: isbn-print
              Value: 9781787438002
            – Type: isbn-electronic
              Value: 9781787437999
            – Type: isbn-electronic
              Value: 9781787439832
          Titles:
            – TitleFull: The Efficiency of Mutual Fund Families : Insights From the Spanish Market
              Type: main
ResultId 1