{"title":"Measuring the dynamic efficiency of socially responsible investment funds: evidence from dynamic network DEA with diversification","authors":"Helu Xiao, Xin Liu, Tiantian Ren, Zhongbao Zhou","doi":"10.1080/03155986.2022.2051385","DOIUrl":null,"url":null,"abstract":"Abstract This article proposes some alternative multi-period diversification-consistent data envelopment analysis (DEA) models to assess the dynamic performance of socially responsible investment (SRI) funds accounting for both finance and SRI criteria. First, three portfolio possibility sets (PPSs) are constructed based on some alternative dynamic input-output processes of SRI funds. Second, three diversification-consistent DEA models are developed by combining the directional distance function (DDF) measure with the proposed PPSs. Finally, this article selects 45 SRI funds to investigate the impact of social responsibility scores (SRSs), intermediate linkages, efficiency weights, and projection directions on their efficiency and ranking, respectively.","PeriodicalId":13645,"journal":{"name":"Infor","volume":"8 1","pages":"531 - 557"},"PeriodicalIF":1.1000,"publicationDate":"2022-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Infor","FirstCategoryId":"94","ListUrlMain":"https://doi.org/10.1080/03155986.2022.2051385","RegionNum":4,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"COMPUTER SCIENCE, INFORMATION SYSTEMS","Score":null,"Total":0}
引用次数: 0
Abstract
Abstract This article proposes some alternative multi-period diversification-consistent data envelopment analysis (DEA) models to assess the dynamic performance of socially responsible investment (SRI) funds accounting for both finance and SRI criteria. First, three portfolio possibility sets (PPSs) are constructed based on some alternative dynamic input-output processes of SRI funds. Second, three diversification-consistent DEA models are developed by combining the directional distance function (DDF) measure with the proposed PPSs. Finally, this article selects 45 SRI funds to investigate the impact of social responsibility scores (SRSs), intermediate linkages, efficiency weights, and projection directions on their efficiency and ranking, respectively.
期刊介绍：
INFOR: Information Systems and Operational Research is published and sponsored by the Canadian Operational Research Society. It provides its readers with papers on a powerful combination of subjects: Information Systems and Operational Research. The importance of combining IS and OR in one journal is that both aim to expand quantitative scientific approaches to management. With this integration, the theory, methodology, and practice of OR and IS are thoroughly examined. INFOR is available in print and online.
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