@article {Haslem87, author = {John A. Haslem and Carl A. Scheraga}, title = {Data Envelopment Analysis of Morningstar{\textquoteright}s Small-Cap Mutual Funds}, volume = {15}, number = {1}, pages = {87--92}, year = {2006}, doi = {10.3905/joi.2006.616858}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Data Envelopment Analysis (DEA) is applied to the Morningstar 500{\textquoteright}s small-cap mutual funds to identify those that are efficient or inefficient in a production theory sense. That is, this study examines the efficiency of mutual fund portfolio management, rather than the typical analysis of fund performance. In addition, the descriptive variables{\textemdash}investment style attributes{\textemdash}that differ significantly between efficient and inefficient funds are identified, and the nature of these relationships examined. This study follows Haslem and Scheraga (2003) that applied DEA to Morningstar{\textquoteright}s large-cap funds.TOPICS: Mutual funds/passive investing/indexing, mutual fund performance}, issn = {1068-0896}, URL = {https://joi.pm-research.com/content/15/1/87}, eprint = {https://joi.pm-research.com/content/15/1/87.full.pdf}, journal = {The Journal of Investing} }