• openAccess   Active Management and Mutual Fund Performance 

      Matallín Sáez, Juan Carlos; Soler-Dominguez, Amparo; Tortosa-Ausina, Emili Universidad de Zaragoza. Facultad de Ciencias Económicas (2018)
      This paper analyses the relationship between active management and performance in US equity mutual funds over the period 2001-2011 for both gross and net returns. Active management is measured by time-varying parameters, ...
    • closedAccess   An international comparison of educational systems: a temporal analysis in presence of bad outputs 

      Giménez, Víctor; Thieme, Claudio; Prior, Diego; Tortosa-Ausina, Emili Springer Verlag (2017-02)
      This study uses the global non-radial Malmquist index to measure performance change in the educational systems of 29 countries/economies participating in PISA 2003 and 2012 for students at age 15 in the disciplines of ...
    • closedAccess   Comparing the Performance of National Educational Systems: Inequality Versus Achievement? 

      Giménez, Víctor; Thieme, Claudio; Prior, Diego; Tortosa-Ausina, Emili Springer Netherlands (2018)
      We measure performance change for the educational systems of 28 countries which participated in the Trends in International Mathematics and Science Study in years 2007 and 2011 for eighth grade basic education students. ...
    • openAccess   Does active management add value? New evidence from a quantile regression approach 

      Matallín Sáez, Juan Carlos; Soler-Dominguez, Amparo; Tortosa-Ausina, Emili Taylor & Francis (2019-06)
      While it has long been recognised that active management is an important issue in the area of mutual fund performance, little consensus has been reached about the value managers’ abilities can add. This study examines ...
    • closedAccess   Does socially responsible mutual fund performance vary over the business cycle? New insights on the effect of idiosyncratic SR features 

      Matallín Sáez, Juan Carlos; Soler-Dominguez, Amparo; de Mingo-López, Diego Víctor; Tortosa-Ausina, Emili Wiley (2018-09-26)
      This study analyses the performance and market timing of US socially responsible (SR) mutual funds in relation to business cycle regime shifts and different grouping criteria: Ethical strategy focus, SR attributes scores ...
    • closedAccess   Does university performance have an economic payoff for home regions? Evidence for the Spanish provinces 

      Crespo, Joan; Peiró-Palomino, Jesús; Tortosa-Ausina, Emili Routledge (2021-12-12)
      This paper analyses the impact of the university system performance on labour productivity growth for Spanish provinces during the period 2009–2016, showing a general positive link. These results enrich the debate on the ...
    • openAccess   Ethical strategy focus and mutual fund management: Performance and persistence 

      Matallín Sáez, Juan Carlos; Soler-Dominguez, Amparo; Tortosa-Ausina, Emili; de Mingo-López, Diego Víctor Elsevier (2019-03)
      The aim of this study is to analyze whether managers, practitioners and individual investors could obtain higher risk-adjusted returns by allocating their investments to funds that integrate specific levels of socially ...
    • closedAccess   Evaluating local government performance in times of crisis 

      Narbón-Perpiñá, Isabel; Balaguer-Coll, Maria Teresa; Tortosa-Ausina, Emili Taylor and Francis Group (2019)
      In recent years, Spanish local governments have come under increasing pressure to accommodate severe economic restrictions while maintaining their provision of local public services. We analyse overall cost efficiency in ...
    • closedAccess   Evaluation and determinants of preschool effectiveness in Chile 

      Giménez, Víctor; Thieme, Claudio; Prior, Diego; Tortosa-Ausina, Emili Elsevier (2022-07-01)
      Early intervention in quality education is a way to equalize opportunities, a premise assumed by several countries that has increased interest in preschool education, which is now a relevant area of public policy. However, ...
    • closedAccess   Evaluation of efficiency in Colombian hospitals: An analysis for the post-reform period 

      Giménez, Víctor; Prieto, William; Prior, Diego; Tortosa-Ausina, Emili Elsevier (2018)
      In this study we analyze the performance of 602 level 1 Colombian hospitals for the period 2009–2013. The analysis is carried out from both static and temporal perspectives in order to evaluate the evolution of total factor ...
    • closedAccess   Explaining local governments' cost efficiency: Controllable and uncontrollable factors 

      Narbón-Perpiñá, Isabel; Arribas, Iván; Balaguer-Coll, Maria Teresa; Tortosa-Ausina, Emili Elsevier (2020-05)
      Efficient and effective management of public resources is essential at all levels of government. This issue has gained momentum due to the strains that affected public sector finances after the onset of the 2007/08 crisis ...
    • closedAccess   Financial inclusion and exclusion across Mexican municipalities 

      Cruz-García, Paula; Dircio Palacios Macedo, María del Carmen; Tortosa-Ausina, Emili Wiley (2021)
      Although in recent years there has been a growth in banking services in Mexico, there is still a significant delay in terms of financial inclusion, which is also very uneven across municipalities. In this context, this ...
    • openAccess   Is Ethical Money Sensitive to Past Returns? The Case of Portfolio Constraints and Persistence in Islamic Funds 

      Abdelsalam, Omneya; Duygun, Meryem; Matallín Sáez, Juan Carlos; Tortosa-Ausina, Emili Springer Verlag (2017-06)
      In this paper, we analyze the performance persistence and survivorship bias of Islamic funds. The remarkable growth of these types of ethical funds raises the question of how non-financial attributes, including beliefs and ...
    • openAccess   Is full banking integration desirable? 

      Arribas, Iván; Peiró-Palomino, Jesús; Tortosa-Ausina, Emili Elsevier (2017-08)
      We analyze the links between banking integration and economic development for a sample of OECD countries. We measure banking integration considering indicators that merge not only openness but also connectedness with ...
    • closedAccess   Looking for sustainable development: Socially responsible mutual funds and the low‐carbon economy 

      Soler-Dominguez, Amparo; Matallín Sáez, Juan Carlos; de Mingo-López, Diego Víctor; Tortosa-Ausina, Emili John Wiley and Sons (2020)
      Sustainable investment responds to demands for carbon and climate‐neutral societies. To address the urgency around climate change and provide investors with more qualified information, Morningstar has developed the Low ...
    • closedAccess   Measuring well-being in Colombian departments. The role of geography and demography 

      Peiró-Palomino, Jesús; Picazo-Tadeo, Andrés J; Tortosa-Ausina, Emili Elsevier (2021-12)
      This paper provides a composite indicator of well-being for the 33 Colombian departments in the year 2016. The indicator is built by adapting the well-known OECD Better Life Index to the regional level, and includes the ...
    • closedAccess   Profit efficiency and earnings quality: Evidence from the Spanish banking industry 

      Prior, Diego; Tortosa-Ausina, Emili; García-Alcober, Mª Pilar; Illueca, Manuel Springer (2019-05)
      The analysis of efficiency and productivity in banking has received a great deal of attention for almost three decades now.However, most of the existing literature to date has not explicitly accounted for risk when measuring ...
    • openAccess   Quality of government and economic growth at the municipal level: Evidence from Spain 

      Balaguer-Coll, Maria Teresa; Narbón-Perpiñá, Isabel; Peiró-Palomino, Jesús; Tortosa-Ausina, Emili Wiley (2021-07-21)
      This paper analyzes the relationship between government efficiency—an important dimension of quality of government—and economic growth at the municipal level in 1,820 Spanish municipalities during the period 2008–2015. At ...
    • openAccess   Quo Vadis, Raters? A frontier approach to identify overratings and underratings in sovereign credit risk 

      Oztürk, Hüseyin; Tortosa-Ausina, Emili; Duygun, Meryem; Shaban, Mohamed Taylor & Francis (2020-04-03)
      This study analyses overratings and underratings in sovereign credit risk. The analysis uses partial frontier methods, a technique rarely applied in this literature. By combining a robust variant of the free disposal hull ...
    • openAccess   Regional income convergence in Colombia: population, space, and long-run dynamics 

      Peiró-Palomino, Jesús; Prieto-Bustos, William Orlando; Tortosa-Ausina, Emili Springer (2023)
      We examine the trajectory of regional income dynamics in Colombia. Using data on all 33 Colombian departments from 2000 to 2016, we employ extensions of (spatial) Markov chains, space-time mobility measures, along with a ...