Measuring the dynamic efficiency of socially responsible investment funds: evidence from dynamic network DEA with diversification

IF 1.1 4区计算机科学 Q4 COMPUTER SCIENCE, INFORMATION SYSTEMS

Infor Pub Date : 2022-03-17 DOI:10.1080/03155986.2022.2051385

Helu Xiao, Xin Liu, Tiantian Ren, Zhongbao Zhou

引用次数: 0

Abstract

Abstract This article proposes some alternative multi-period diversification-consistent data envelopment analysis (DEA) models to assess the dynamic performance of socially responsible investment (SRI) funds accounting for both finance and SRI criteria. First, three portfolio possibility sets (PPSs) are constructed based on some alternative dynamic input-output processes of SRI funds. Second, three diversification-consistent DEA models are developed by combining the directional distance function (DDF) measure with the proposed PPSs. Finally, this article selects 45 SRI funds to investigate the impact of social responsibility scores (SRSs), intermediate linkages, efficiency weights, and projection directions on their efficiency and ranking, respectively.

查看原文本刊更多论文

衡量社会责任投资基金的动态效率:来自多元化动态网络DEA的证据

摘要本文提出了多期多元化一致数据包络分析(DEA)模型来评估社会责任投资(SRI)基金在财务和SRI标准下的动态绩效。首先，基于可选的SRI基金动态投入产出过程，构建了三个投资组合可能性集。其次，将定向距离函数(DDF)测度与提出的pps相结合，建立了3个多元化一致的DEA模型。最后，本文选取了45只社会责任基金，分别考察了社会责任分数、中间联系、效率权重和预测方向对其效率和排名的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Infor 管理科学-计算机：信息系统

CiteScore

2.60

自引率

7.70%

发文量

审稿时长

>12 weeks

期刊介绍： INFOR: Information Systems and Operational Research is published and sponsored by the Canadian Operational Research Society. It provides its readers with papers on a powerful combination of subjects: Information Systems and Operational Research. The importance of combining IS and OR in one journal is that both aim to expand quantitative scientific approaches to management. With this integration, the theory, methodology, and practice of OR and IS are thoroughly examined. INFOR is available in print and online.