Skip navigation
Logo
User training | Reference and search service

Library catalog

Retrievo
EDS
b-on
More
resources
Content aggregators
Please use this identifier to cite or link to this item:

acessibilidade

http://hdl.handle.net/10071/9565
acessibilidade
Title: PSI-20 portfolio efficiency analysis with SFA
Authors: Ferreira, N. B.
Souza, A.
Souza, F.
Keywords: Stochastic frontier Analysis
Efficiency
Stock markets
PSI-20
Issue Date: 2014
Publisher: ExcelingTech Publisher, UK
Abstract: The determination of the study was to assess the technical efficiency of the individual companies and their respective groups of the Portuguese stock market. In order to achieve that were combined the input variables “market value and return” with exogenous variables such as “interest income," “depreciation," “cost of goods," “employees” and “net sales” in a Stochastic Frontier Analysis model. The technical efficiency of the PSI-20 enterprises index was estimated discovering the factors which assurance to efficiency variability, applying the SFA approach main improvement which lies in its potential to categorize between measurement error and systematic inefficiencies in the estimation process. The results revealed that the technical efficiency is higher for the enterprises in industry, construction and distribution economic sectors whereas the commercial banking sector has the lowest technical efficiency scores. The “employees” and “depreciation” variables are the elements that most enhance to the stock market inefficiency.
Peer reviewed: Sim
URI: https://ciencia.iscte-iul.pt/public/pub/id/19579
http://hdl.handle.net/10071/9565
ISSN: 2047-0916
Publisher version: The definitive version is available at: http://ojs.excelingtech.co.uk/index.php/IJLTFES
Appears in Collections:BRU-RI - Artigo em revista científica internacional com arbitragem científica

Files in This Item:
acessibilidade
File Description SizeFormat 
publisher_version_1041_3684_1_PB.pdf394.54 kBAdobe PDFView/Open


FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpace
Formato BibTex MendeleyEndnote Currículo DeGóis 

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.