Operational and investment efficiency of investment trust companies: Do foreign firms outperform domestic firms?

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dc.contributor.authorNourani, Mohammad
dc.contributor.authorKweh, Qian Long
dc.contributor.authorLu, Wen-Min
dc.contributor.authorGurrib, Ikhlaas
dc.date.accessioned2022-09-20T11:41:22Z
dc.date.available2022-09-20T11:41:22Z
dc.date.copyright© 2022
dc.date.issued2022-12
dc.description.abstractThis study examines the efficiency of investment trust companies (ITCs) from 2011 to 2020 using a meta-frontier two-stage network data envelopment analysis (DEA) based on the directional distance function (DDF). We improved the accuracy of the efficiency measurement and added a network-based ranking component to rank the top-performing entities. In the group-specific technology assessment, foreign ITCs excel in investment efficiency. Meanwhile, in the meta-technology assessment, domestic ITCs outperform foreign ITCs in terms of both investment and operational efficiencies. Group-specific technology efficiency scores were found to be lower than or equal to the meta-technology efficiency scores for both the operational and investment stages. Based on the network-based ranking approach, Yuan Ta, a domestic ITC that ranked fourth in the operational stage and first in the investment stage, can be used as a reliable benchmark. This study will enable practitioners to gain a better understanding of the performance of ITCs operating under heterogeneous technologies. © 2022, The Author(s).
dc.identifier.citationNourani, M., Kweh, Q. L., Lu, W. -., & Gurrib, I. (2022). Operational and investment efficiency of investment trust companies: Do foreign firms outperform domestic firms? Financial Innovation, 8(1). https://doi.org/10.1186/s40854-022-00382-1
dc.identifier.issn21994730
dc.identifier.urihttps://doi.org/10.1186/s40854-022-00382-1
dc.identifier.urihttp://hdl.handle.net/20.500.12519/703
dc.language.isoen
dc.publisherSpringer Science and Business Media Deutschland GmbH
dc.relationAuthors Affiliations : Nourani, M., The University of Waikato Joint Institute, Zhejiang University City College, Hangzhou, China, University of Waikato, Hangzhou, China; Kweh, Q.L., Canadian University Dubai, Dubai, United Arab Emirates; Lu, W.-M., Chinese Culture University, Taipei, Taiwan; Gurrib, I., Canadian University Dubai, Dubai, United Arab Emirates
dc.relation.ispartofseriesFinancial Innovation; Volume 8, Issue 1
dc.rightsCreative Commons Attribution 4.0 International (CC BY 4.0) License.
dc.rights.holderCopyright : © 2022, The Author(s).
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectData envelopment analysis
dc.subjectDirectional distance function
dc.subjectInvestment trust companies
dc.subjectMetafrontier two-stage network
dc.subjectNetwork-based ranking
dc.titleOperational and investment efficiency of investment trust companies: Do foreign firms outperform domestic firms?
dc.typeArticle

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