基于DEA方法的开放式基金业绩评价的实证研究

随着我国基金业的不断发展,基金业绩评价方法也不断多样化,本文主要运用数据包络分析方法,对我国开放式证券投资基金业绩评价做了如下研究：首先运用DEA基本原理建立基金评估模型,再对2009—2011年30只开放式基金发展情况进行Malmquist生产率指数分析,发现影响DEA有效性的因素主要有运营费用、收益率标准差、持股集中度,最后根据问题提出了一些建议.

Research on the Open-end Funds Performance Evaluation Based on the DEA Method

Along with the continuous development of the fund, the performance evaluation methods have been diversity. The paper make a reserch on open - end funds performance evaluation based on data envelope analysis method ： First establishs fund evaluation model use DEA basic principle, and then it uses Malmquist index to analysis the development of thirty open - end funds from 2009 to 2011. It finds that the operating costs, yield standard deviation, ownership concentration make a deeper influence on the effectiveness of the DEA. Finally, it puts forward some policy suggestions towards the problems.