Cost Efficiency and Returns to Scope in Italian Investment Firms
Marcello Basili; Fulvio Fontini;
Subject: Stochastic Frontier, Efficiency, Returns to scope, Investment Firms
jel: jel:D24 | jel:G24 | jel:L25
This paper estimates cost efficiency and returns to scope of Italian investment firms during the period 1998-2002, following the stochastic frontier function approach. Results indicate a large inefficiency for Italian investment firms (with a high standard deviation acr... View more
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