Pablo Solórzano-Taborga, Ana Belén Alonso-Conde, Javier Rojo-Suárez, "Efficiency and Stochastic Dominance in the European Equity Mutual Fund Market," WSEAS Transactions on Business and Economics, vol. 16, pp. 226-238, 2019, DOI:
Pablo Solórzano-Taborga, Ana Belén Alonso-Conde, Javier Rojo-Suárez. Efficiency and Stochastic Dominance in the European Equity Mutual Fund Market.
WSEAS Transactions on Business and Economics. 2019;16:226-238.
WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 16, 2019
Efficiency and Stochastic Dominance in the European Equity Mutual Fund Market
Authors: , ,
Abstract: In order to analyze and assess the behavior of the European equity mutual funds market, we present a method for evaluating and selecting them, using two different approaches, which vary from the conventional measures of performance: Data Envelopment Analysis (DEA) and stochastic dominance. The analysis suggests a strong relation between the results that we obtain with each method. Likewise, we demonstrate that both indicators are highly correlated with the expected returns and that they have a high explanatory power. Additionally, we have included alphas as a right-hand variable and we confirm that they have a strong relation with DEA and stochastic dominance.
Pages: 226-238 WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 16, 2019, Art. #26 DOI: *As the DOI is a unique identifier, it is already available in the pdf version.
**The DOI link will be activated in the first midst of January 2026.
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