Browsing IIDL_Articles by Author "81337597-8686-46a4-87a7-b7b5c81fff1c"
Now showing items 1-19 of 19
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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, ... -
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 ... -
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. ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
Rich regions, poor regions and bank branch deregulation in Spain
Pastor, José Manuel; Pavía, Jose M.; Serrano, Lorenzo; Tortosa-Ausina, Emili Taylor & Francis (2016)Rich regions, poor regions and bank branch deregulation in Spain. Regional Studies. The links between financial deregulation and economic performance are evaluated in a European context. Specifically, the study analyses ... -
Risk-taking behavior, earnings quality, and bank performance: A profit frontier approach
García-Alcober, Mª Pilar; Prior, Diego; Tortosa-Ausina, Emili; Illueca, Manuel Elsevier (2019)After the financial crisis of 2007–2008, some bank performance dimensions have been the subject of debate, two of which are bank efficiency, and bank risk-taking behavior. The literature on bank efficiency and productivity ... -
The analysis of convergence in ecological indicators: An application to the Mediterranean fisheries
Pennino, M. Grazia; Bellido, José María; Conesa, David; Coll, Marta; Tortosa-Ausina, Emili Elsevier (2017-07)Ecological indicators are increasingly used to examine the evolution of natural ecosystems and the impacts of human activities. Assessing their trends to develop comparative analyses is essential. We introduce the analysis ... -
Trade integration in the European Union: Openness,interconnectedness, and distance
Arribas, Iván; Bensassi, Sami; Tortosa-Ausina, Emili Elsevier (2020)This article presents a set of indicators to measure regional trade integration, focusing on the case of the European Union. We propose measures of openness, connectedness and integration which are tuned to evaluate not ... -
Which estimator to measure local governments’ costefficiency? The case of Spanish municipalities
Narbón-Perpiñá, Isabel; Balaguer-Coll, Maria Teresa; Petrovic, Marko; Tortosa-Ausina, Emili Springer Verlag (2019)WeanalyseoverallcostefficiencyinSpanishlocalgovernmentsduringthecrisisperiod(2008–2015). To this end, we first consider some of the most popular nonparametricmethods to evaluate local government efficiency, data envelopment ...