publication . Preprint . 2005

Cost Efficiency and Returns to Scope in Italian Investment Firms

Marcello Basili; Fulvio Fontini;
Open Access
  • Published: 01 May 2005
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 across sample) and the absence of significant returns to scope
free text keywords: Stochastic Frontier, Efficiency, Returns to scope, Investment Firms, jel:D24, jel:G24, jel:L25

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