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A comparative analysis of the performance of conventional and Islamic unit trust companies in Malaysia
16 references·7 citing·31 second hop
A comparative analysis of the performance of conventional and Islamic unit trust companies in Malaysia (2010)A comparative analysis of the performance…Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries (2016)Productivity Growth, Technica…Investigating technical and scale efficiencies of Australian Universities through data envelopment analysis (2001)Investigating technical and s…Consolidation and efficiency in the US life insurance industry (1999)Consolidation and efficiency …Productivity Developments in Swedish Hospitals: A Malmquist Output Index Approach (1994)Productivity Developments in …The efficiency of financial institutions: A review and preview of research past, present and future (1993)The efficiency of financial i…Chance‐constrained data envelopment analysis (1993)Chance‐constrained data envel…Estimation of returns to scale using data envelopment analysis (1992)Estimation of returns to scal…Efficiency With Costly Information: A Study of Mutual Fund Performance, 1965-1984 (1989)Efficiency With Costly Inform…Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis (1984)Some Models for Estimating Te…Market Timing and Mutual Fund Investment Performance (1984)Market Timing and Mutual Fund…Measuring the efficiency of decision making units (1978)Measuring the efficiency of d…Efficiency Estimation of Production Functions (1972)Efficiency Estimation of Prod…Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios (1969)Risk, The Pricing of Capital …THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)THE PERFORMANCE OF MUTUAL FUN…Mutual Fund Performance (1966)Mutual Fund PerformancePORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*The Investment Performance of U.S. Islamic Mutual Funds (2020)The Investment Performance of…Are Islamic indices a viable investment avenue? 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(2000)Total-factor energy efficiency of regions in China (2005)A global Malmquist-Luenberger productivity index (2010)Allocative efficiency vs. X-Efficiency (1966)Separation of Ownership and Control (1983)Problem loans and cost efficiency in commercial banks (1997)Efficiency in European banking (2001)On the implications of market power in banking: Evidence from developing countries (2009)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Performance Hypothesis Testing with the Sharpe and Treynor Measures (1981)Time-varying conditional covariances in tests of asset pricing models (1989)Measuring abnormal performance (1992)Productivity Changes in Swedish Pharamacies 1980–1989: A Non-Parametric Malmquist Approach (1992)Data envelopment analysis: The evolution of the state of the art (1978?1995) (1996)Productivity and intermediate products: A frontier approach (1996)Giving According to GARP: An Experimental Test of the Consistency of Preferences for Altruism (2002)A survey of data envelopment analysis in energy and environmental studies (2007)Data Envelopment Analysis (2016)A Procedure for Ranking Efficient Units in Data Envelopment Analysis (1993)A slacks-based measure of efficiency in data envelopment analysis (2001)A slacks-based measure of super-efficiency in data envelopment analysis (2002)Conditional value-at-risk for general loss distributions (2002)Optimal Versus Naive Diversification: How Inefficient is the 1/ N Portfolio Strategy? (2007)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)
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References

  • 1978Measuring the efficiency of decision making units29,755 cited
  • 1984Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis16,773 cited
  • 1952PORTFOLIO SELECTION*13,480 cited
  • 1968THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–19644,330 cited
  • 2016Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries4,276 cited
  • 1966Mutual Fund Performance3,932 cited
  • 1972Efficiency Estimation of Production Functions1,243 cited
  • 1993The efficiency of financial institutions: A review and preview of research past, present and future964 cited
  • 1969Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios941 cited
  • 1994Productivity Developments in Swedish Hospitals: A Malmquist Output Index Approach816 cited
  • 1992Estimation of returns to scale using data envelopment analysis733 cited
  • 1989Efficiency With Costly Information: A Study of Mutual Fund Performance, 1965-1984633 cited
  • 2001Investigating technical and scale efficiencies of Australian Universities through data envelopment analysis591 cited
  • 1984Market Timing and Mutual Fund Investment Performance434 cited
  • 1993Chance‐constrained data envelopment analysis

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425 cited
  • 1999Consolidation and efficiency in the US life insurance industry367 cited
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    • 2013Heads we win, tails you lose: Is there equity in Islamic equity funds?44 cited
    • 2016DEA Performance Assessment of Mutual Funds43 cited
    • 2018Religion based investing and illusion of Islamic Alpha and Beta41 cited
    • 2015Factors Influencing Investors' Behavior in Islamic Unit Trust : An Application of Theory of Planned Behavior31 cited
    • 2020Are Islamic indices a viable investment avenue? An empirical study of Islamic and conventional indices in India31 cited
    • 2019New evidence on fund performance in extreme events30 cited
    • 2020The Investment Performance of U.S. Islamic Mutual Funds27 cited