Performance evaluation of Portuguese mutual fund portfolios using the value-based DEA method

Detalhes bibliográficos
Autor(a) principal: Gouveia, Maria do Castelo Batista
Data de Publicação: 2018
Outros Autores: Neves, Elisabete Duarte, Dias, Luís Cândido, Antunes, Carlos Henggeler
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10316/87150
https://doi.org/10.1057/s41274-017-0259-7
Resumo: This is an Accepted Manuscript of an article published by Taylor & Francis in Journal of the Operational Research Society on [date of publication2018], available online: http://www.tandfonline.com/doi/full/10.1057/s41274-017-0259-7
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spelling Performance evaluation of Portuguese mutual fund portfolios using the value-based DEA methodData Envelopment AnalysisMulticriteria Decision AnalysisFinanceEquityFundsUncertaintyThis is an Accepted Manuscript of an article published by Taylor & Francis in Journal of the Operational Research Society on [date of publication2018], available online: http://www.tandfonline.com/doi/full/10.1057/s41274-017-0259-7The increased volatility in capital markets since the outbreak of the 2008 global financial crisis and the investor´s lack of confidence in the banking sector represented significant challenges to portfolio fund managers. The current study assesses the performance of Portuguese mutual fund portfolios considering the period 2007-2014 using the Value-Based DEA method. This approach combines Data Envelopment Analysis (DEA) with Multiple Criteria Decision Aiding (MCDA). A dynamic evaluation including value judgements is carried out using data from 15 Portuguese equity funds. The results unveil the impact of the global crisis in the Portuguese investment funds industry. They show that Portuguese investment funds performed better between 2011 and 2013; this suggests that equity funds investors became more confident in these vehicles due to political measures reinforcing financial markets. The methodology followed in this study contributes to help investors in the identification of the funds with the best practices according to their judgments.2018info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10316/87150http://hdl.handle.net/10316/87150https://doi.org/10.1057/s41274-017-0259-7enghttp://www.tandfonline.com/doi/full/10.1057/s41274-017-0259-7Gouveia, Maria do Castelo BatistaNeves, Elisabete DuarteDias, Luís CândidoAntunes, Carlos Henggelerinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2020-02-26T14:43:17Zoai:estudogeral.uc.pt:10316/87150Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T21:08:08.330500Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Performance evaluation of Portuguese mutual fund portfolios using the value-based DEA method
title Performance evaluation of Portuguese mutual fund portfolios using the value-based DEA method
spellingShingle Performance evaluation of Portuguese mutual fund portfolios using the value-based DEA method
Gouveia, Maria do Castelo Batista
Data Envelopment Analysis
Multicriteria Decision Analysis
Finance
Equity
Funds
Uncertainty
title_short Performance evaluation of Portuguese mutual fund portfolios using the value-based DEA method
title_full Performance evaluation of Portuguese mutual fund portfolios using the value-based DEA method
title_fullStr Performance evaluation of Portuguese mutual fund portfolios using the value-based DEA method
title_full_unstemmed Performance evaluation of Portuguese mutual fund portfolios using the value-based DEA method
title_sort Performance evaluation of Portuguese mutual fund portfolios using the value-based DEA method
author Gouveia, Maria do Castelo Batista
author_facet Gouveia, Maria do Castelo Batista
Neves, Elisabete Duarte
Dias, Luís Cândido
Antunes, Carlos Henggeler
author_role author
author2 Neves, Elisabete Duarte
Dias, Luís Cândido
Antunes, Carlos Henggeler
author2_role author
author
author
dc.contributor.author.fl_str_mv Gouveia, Maria do Castelo Batista
Neves, Elisabete Duarte
Dias, Luís Cândido
Antunes, Carlos Henggeler
dc.subject.por.fl_str_mv Data Envelopment Analysis
Multicriteria Decision Analysis
Finance
Equity
Funds
Uncertainty
topic Data Envelopment Analysis
Multicriteria Decision Analysis
Finance
Equity
Funds
Uncertainty
description This is an Accepted Manuscript of an article published by Taylor & Francis in Journal of the Operational Research Society on [date of publication2018], available online: http://www.tandfonline.com/doi/full/10.1057/s41274-017-0259-7
publishDate 2018
dc.date.none.fl_str_mv 2018
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10316/87150
http://hdl.handle.net/10316/87150
https://doi.org/10.1057/s41274-017-0259-7
url http://hdl.handle.net/10316/87150
https://doi.org/10.1057/s41274-017-0259-7
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv http://www.tandfonline.com/doi/full/10.1057/s41274-017-0259-7
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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