Galagedera, Don U.A. - In: Journal of International Financial Markets, … 22 (2012) 4, pp. 834-854
This paper analyses the performances of 22 developed and 18 emerging markets over the period 2003–2010. The performance is assessed each year in a multi-dimensional risk-adjusted return framework using data envelopment analysis, and the trend in the performance is estimated in a fixed effects...