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Cost Efficiency and Returns to Scope in Italian Investment Firms

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  • Marcello Basili

    ()

  • Fulvio Fontini

Abstract

This 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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File URL: http://www.econ-pol.unisi.it/quaderni/450.pdf
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Bibliographic Info

Paper provided by Department of Economics, University of Siena in its series Department of Economics University of Siena with number 450.

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Date of creation: May 2005
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Handle: RePEc:usi:wpaper:450

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Keywords: Stochastic Frontier; Efficiency; Returns to scope; Investment Firms;

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