摘要
本文利用数据包络分析法(DEA)对我国开放式基金2003～2008年的投资管理效率进行总体分析,发现我国开放式基金投资效率很低,基金风格、基金管理公司、规模大小、分红等都会影响其综合技术效率、纯技术效率与规模效率。进一步利用Malmquist生产率指数对其动态效率进行分析表明,开放式基金整体效率存在改善,主要来自于技术进步。
The paper analyzes and evaluates the investment management efficiency of open-end funds in China from 2003 to 2008 with Data Envelopment Analysis （DEA）. The results show that the production efficiency of china＇ s open-end fund industry is very low, meanwhile, the factors such as fund style, management company, size and dividend, may have impact on the comprehensive technical efficiency, pure technical efficiency and scale efficiency of the industry. The further analysis of dynamic efficiency with Malmquist productivity index demonstrates that, china＇ s open-end fund industry overall efficiency has improved, which mainly results from technology advances.
出处
《证券市场导报》
CSSCI
北大核心
2010年第1期57-63,共7页
Securities Market Herald
关键词
开放式基金
投资管理
基金绩效
基金业
Open-end funds, investment management, fund performance, fund industry
