Purpose – This paper seeks to explain recently published guidance from the Securities and Exchange Commission clarifying the responsibilities of mutual fund directors when they make the determinations required by Rule 10f‐3 (permitting a fund to purchase securities from an affiliated...

Using data envelopment analysis and the Malmquist productivity index, this paper examines changes in the productivity of the major United States passenger airlines from 2000 to 2004. The analysis finds that there was a significant improvement in the productivity of the carriers at transforming...

This chapter examines the impact of recent airline consolidations in the United States on the technical efficiencies of the airlines involved. Data envelopment analysis (DEA) is used to assess the efficiencies, and the consolidations examined are those that occurred among major network carriers...