Cost Efficiency and Returns to Scope in Italian Investment Firms
AbstractThis paper estimates cost efficiency and returns to scope of Italian investment firms during the period 1998-2002, following the stochastic frontier function approach. Results indicate a large inefficiency for Italian investment firms (with a high standard deviation across sample) and the absence of significant returns to scope
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Bibliographic InfoPaper provided by Department of Economics, University of Siena in its series Department of Economics University of Siena with number 450.
Date of creation: May 2005
Date of revision:
Stochastic Frontier; Efficiency; Returns to scope; Investment Firms;
Find related papers by JEL classification:
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
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