摘要
本文首先回顾了传统基金业绩评价方法,然后运用Chang(1999)的最小凸输入需求集(MCIRS)方法对我国2000年前上市的20只封闭式证券投资基金在2000年的业绩进行综合评价。实证研究表明:同益、景博、汉盛、金鑫、兴和、泰和、天元、普丰共8只基金相对有效,而其余12只基金则相对无效。并将结果与数据包络分析(DEA)的结果进行了比较。
This paper firstly reviews traditional method of fund performance evaluation, then uses Chang＇ s minimum convex input requirement set （MCIRS） approach to evaluate the performance of twenty closed-end funds which listed before 2000 in the year of 2000. The empirical results show that eight funds （Tongyi, Jingbo, Hansheng, Jinxin, Xinghe, Taihe, Tianyuan, Pufeng） are relatively efficient, while the other twelve ones are relatively inefficient. We also compare this conclusion with the one generated from the method of DEA.
出处
《运筹与管理》
CSCD
2005年第6期121-125,共5页
Operations Research and Management Science
