Performance evaluation of Portuguese mutual fund portfolios using the value-based DEA method
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , , |
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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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 |
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