Cost Efficiency and Returns to Scope in Italian Investment Firms

Preprint OPEN
Marcello Basili; Fulvio Fontini;
(2005)
  • 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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    12 references, page 1 of 2

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