A study of onshore international equity fund efficiency index：A metafrontier approach
碩士 === 玄奘大學 === 財務金融學系碩士班 === 96 === This thesis analyzes the efficiency of mutual funds issued by Taiwanese security investment trust companies. Their investment targets mainly comprise stocks and securities issued in offshore regions. We selected 18 mutual funds in the years 2005 to 2007 as the sa...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2008
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| Online Access: | http://ndltd.ncl.edu.tw/handle/57418161516936974079 |
| Summary: | 碩士 === 玄奘大學 === 財務金融學系碩士班 === 96 === This thesis analyzes the efficiency of mutual funds issued by Taiwanese security investment trust companies. Their investment targets mainly comprise stocks and securities issued in offshore regions. We selected 18 mutual funds in the years 2005 to 2007 as the samples. The method used in our research is known as data envelopment analysis (DEA) as well as the newly developed method of metafrontier (MF). The output is expressed as returns and inputs are cumulative turnover, expenses, loads and standard deviation. Our results show that applied index of technology gap ratio (TGR) can fully compare the performance of different groups of fund. Furthermore, we also find the primary factor affecting TGR is the loads element.
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