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Efficiency evaluation of the Portuguese pension funds management companies

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  • Garcia, Maria Teresa Medeiros

Abstract

This paper ranks the pension funds management companies according to their change in total productivity for the period 1994-2007. We estimate the change in total productivity, breaking this down into technically efficient change and technological change by means of data envelopment analysis (DEA-Malmquist index). The aim of this procedure is to seek out those best practices that will lead to improved performance in the market. The implications arising from the study are considered in terms of managerial policy.

Suggested Citation

  • Garcia, Maria Teresa Medeiros, 2010. "Efficiency evaluation of the Portuguese pension funds management companies," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 20(3), pages 259-266, July.
    • Handle: RePEc:eee:intfin:v:20:y:2010:i:3:p:259-266
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    1. Babalos, Vassilios & Caporale, Guglielmo Maria & Philippas, Nikolaos, 2012. "Efficiency evaluation of Greek equity funds," Research in International Business and Finance, Elsevier, vol. 26(2), pages 317-333.
    2. Mohammad Reza TAVAKOLI BAGHDADABAD & Afsaneh NOORI HOUSHYAR, 2014. "Productivity and Efficiency Evaluation of US Mutual Funds," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 64(2), pages 120-143, March.
    3. Ayşegül Tuş & Esra Aytaç Adalı, 2025. "Enhancing Private Pension System Evaluation Using Fermatean Fuzzy Sets and Weighted Euclidean Distance Based Approach," SN Operations Research Forum, Springer, vol. 6(3), pages 1-27, September.
    4. Carlos S�nchez-Gonz�lez & Jos� Luis Sarto & Luis Vicente, 2013. "The efficiency of Spanish mutual funds companies: A slacks-based measure approach," Documentos de Trabajo dt2013-01, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    5. Babalos, Vassilios & Mamatzakis, Emmanuel C. & Matousek, Roman, 2015. "The performance of US equity mutual funds," Journal of Banking & Finance, Elsevier, vol. 52(C), pages 217-229.
    6. Xakousti Chrysanthopoulou & Athanasia Mavrommati & Athanasios Migdalas, 2024. "Correction to: Assessing the efficiency of occupational pension funds in Greece," Operational Research, Springer, vol. 24(1), pages 1-1, March.
    7. Draženović Bojana Olgić & Hodžić Sabina & Maradin Dario, 2019. "The Efficiency of Mandatory Pension Funds: Case of Croatia," South East European Journal of Economics and Business, Sciendo, vol. 14(2), pages 82-94, December.
    8. Babalos, Vassilios & Philippas, Nikolaos & Doumpos, Michael & Zompounidis, Constantin, 2011. "Mutual funds performance appraisal using stochastic multicriteria acceptability analysis," MPRA Paper 37953, University Library of Munich, Germany.

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