Mutual fund performance: The decision quality and capital magnet efficiencies

Date
2020-07-01
Authors
Hsieh, H. Pierre
Tebourbi, Imen
Lu, Wen‐Min
Liu, Nai‐Yu
Journal Title
Journal ISSN
Volume Title
Publisher
John Wiley and Sons Ltd
Abstract
This study employs a two-stage network data envelopment analysis model to analyze the decision quality and capital magnet efficiencies of 155 mutual funds in Taiwan during the period 2007–2016. The empirical results show that fund managers improved their decision quality; however, their capital magnet efficiency declined. This study also found 10 mutual funds performing in decision quality and capital magnet efficiencies, from which practical suggestions are provided to investors. Finally, this study constructs a market competition matrix to help fund managers (and investors) improve their operating and portfolio performance, plus resource allocation. © 2020 John Wiley & Sons, Ltd.
Description
This article is not available at CUD collection. The version of scholarly record of this article is published in Managerial and Decision Economics (2020), available online at: https://doi.org/10.1002/mde.3143
Keywords
Mutual funds, Funds, Fund returns
Citation
Hsieh, HP, Tebourbi, I, Lu, W‐M, Liu, N‐Y. (2020). Mutual fund performance: The decision quality and capital magnet efficiencies. Managerial and Decision Economics 41(5), 861– 872. https://doi.org/10.1002/mde.3143