Cost Efficiency and Returns to Scope in Italian Investment Firms

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

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Year of publication:	2005-05
Authors:	Basili, Marcello ; Fontini, Fulvio
Institutions:	Dipartimento di Economia Politica e Statistics, Facoltà di Economia "Richard M. Goodwin"
Subject:	Stochastic Frontier \| Efficiency \| Returns to scope \| Investment Firms

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Extent:	application/pdf
Series:	Department of Economics University of Siena.
Type of publication:	Book / Working Paper
Language:	English
Classification:	D24 - Production; Capital and Total Factor Productivity; Capacity ; G24 - Investment Banking; Venture Capital; Brokerage ; L25 - Firm Size and Performance
Source:	RePEc - Research Papers in Economics

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