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http://bura.brunel.ac.uk/handle/2438/3525
Title: | Analysing the efficiency of Portuguese pension funds: A stochastic frontier model |
Authors: | Barros, CP Caporale, GM Silvestre, AL |
Keywords: | Pension Funds; Efficiency; Stochastic Frontier Models |
Issue Date: | 2007 |
Publisher: | Brunel University |
Citation: | Economics and Finance Discussion Papers, Brunel University, 07-13. |
Abstract: | This paper examines technical efficiency of Portuguese pension funds management companies, using a stochastic frontier model in order to obtain estimates of economies of scale and scope. The empirical findings reveal a significant effect of efficiency measures on pension funds efficiency. Their implications for managers and policy makers are discussed. |
URI: | http://bura.brunel.ac.uk/handle/2438/3525 |
Appears in Collections: | Economics and Finance Dept of Economics and Finance Research Papers |
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