Performance Evaluation of Pension Funds Management Companies with Data Envelopment Analysis
This article uses Data Envelopment Analysis (DEA) to evaluate the performance of Portuguese pension funds management companies from 1994 to 2003, combining operational and financial variables. We evaluate how close the pension funds management companies are to the best practices frontier, also analyzing how they manage their funds. Implications of this research for managerial purposes are then drawn.
Document Type: Research Article
Affiliations: Carlos Pestana Barros and Maria Teresa Medeiros Garcia are with the Instituto Superior de Economia e Gestao, Technical University of Lisbon, Rua Miguel Lupi, 20, 1249-078 Lisbon, Portugal; s: , firstname.lastname@example.org., Email: Cbarros@iseg.utl.pt
Publication date: September 1, 2006