Antonella Basso (Dipartimento di Matematica Applicata Università Ca' Foscari Venezia) Stefania Funari (Dipartimento di Matematica Applicata Università Ca' Foscari Venezia)
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In this paper we tackle the problem of the presence of negative average rate of returns in the computation of the performance of ethical mutual funds. The presence of these negative values raises problems both in the computation of the classical performance indicators and in DEA modeling. In this paper we propose a suitably adjusted DEA model which allows the presence of non negative outputs. The model is applied to data on the UK market of ethical mutual funds.
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