The excessive debt of the Spanish economy in the last few year raises the issue of efffciency in the management of public resources. Within this context, this research measures the technical effciency of regional public service broadcasters (PSBs) in Spain using data envelopment analysis (DEA)....

Performance measurement is an area of crucial interest in asset valuation and investment management. High volatility as well as time aggregation of returns, amongst other characteristics, may distort the results of conventional measures of performance. In this work, we study the performance of...