Productivity and efficiency analysis of Pakistani mutual funds using Malmquist index approach

2019 ◽  
Vol 06 (03) ◽  
pp. 1950026
Author(s):  
Farah Naz ◽  
Hafsa Khan ◽  
Muhammad Ishfaq Ahmad ◽  
Ramiz Ur Rehman ◽  
Muhammad Akram Naseem
Keyword(s):  
Mutual Funds ◽  
Productivity Growth ◽  
Malmquist Index ◽  
Great Influence ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Data Envelopment ◽  
Index Approach ◽  
Using Data ◽  
The Individual

The key area of this research is to analyze the total factor productivity of mutual funds by using Data Envelopment Analysis (DEA) and also to identify the components which play a significant role in the growth of productivity. Malmquist productivity index approach is a nonparametric method that decomposes the index into components of productivity. The process of decomposition also helps in identifying the contribution of technology and efficiency in the growth of mutual funds in Pakistan. Empirical results suggest that efficiency growth in mutual funds is presenting the upward trend. The individual results of mutual funds showed the divergent trend. The component of pure efficiency change has a great influence on productivity growth except for all others components, and technical change has a smaller number of contributions in productivity growth.

scholarly journals An Efficiency and Productivity of Zakat Institution in Malaysia and Indonesia: The Comparative Study

2019 ◽  
pp. 243-257
Author(s):  
Aas Nurasyiah ◽  
Risa Sari Pertiwi ◽  
Faqih Adam
Keyword(s):  
Role Model ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Data Envelopment ◽  
Fourth Quadrant ◽  
High Efficient ◽  
Using Data ◽  
The Comparative Study ◽  
Standardization Policy ◽  
Efficiency And Productivity

The efficiency and productivity of Zakat institution have widely discussed, it is an organization based on social which looks after economic disparities. Most recently, Indonesia made a standardization policy and system of zakat institution, so that the zakat institution in Indonesia can reach the same quality or higher rather than other countries. It called Zakat Core Principles. Therefore, this research will focus on the zakat institution in Indonesia and Malaysia. The purpose of this study is to measure and compare the efficiency and productivity using Data Envelopment Analysis (DEA) and Malmquist Productivity Index (MPI), which is a non-parametric and deterministic methodology for determining the relative efficiency and productivity. The result of this research shows, The first quadrant is the best efficient and productive institutions gained by zakat institution in Indonesia namely Sinergi Foundation and 3 zakat institutions in Malaysia namely Kedah, Melayu Perak, and Selangor. The second quadrant is highly productive but low efficient achieved by zakat institutions in Indonesia namely Baznas, RZ, Dompet Dhuafa and 1 zakat institution in Malaysia namely Jawhar. The third quadrant is high efficient but low productive didn’t achieve by any zakat institution in Indonesia or Malaysia. The fourth quadrant is low efficient and low productive reached by 1 zakat institution in Indonesia namely PKPU and 3 zakat institution in Malaysia namely Kelantan, PPZ and Pahang. The implication in this study is describing the position of zakat institution in Indonesia and Malaysia so that it is known which zakat institution could be a role model or benchmarking for other zakat institution.  

scholarly journals A comparative evaluation of operational efficiency of wood industry using data envelopment analysis and Malmquist productivity index

2019 ◽  
Vol 70 (3) ◽  
pp. 287-298 ◽  
Author(s):  
Jože Kropivšek ◽  
Matej Jošt ◽  
Petra Grošelj ◽  
Darko Motik ◽  
Andreja Pirc Barčić ◽  
...  
Keyword(s):  
Data Envelopment Analysis ◽  
Comparative Evaluation ◽  
Operational Efficiency ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Data Envelopment ◽  
Low Carbon ◽  
Wood Industry ◽  
International Comparative ◽  
Using Data

The wood industry, as a traditional sector, represents a very important part of the economy in terms of ensuring a sustainable development of society and transition to a low-carbon society in both countries studied, Slovenia and Croatia. For its further development, it is crucial to know the current position of the industry. The best way to achieve this is an analysis of financial data and international comparative evaluation of its operational efficiency. The aim of the research is to compare the relative efficiency of the wood industry using Data Envelopment Analysis (DEA) and the Malmquist Productivity Index (MI), focusing on the Slovenian and Croatian wood industry sectors (C16 and C31) for a recent five-year period (from 2013-2017). With this purpose, the combined measure DEA/MI was applied. The analysis includes only the highest rated companies with more than fi ve employees, divided into 12 clusters regarding the company size. As a result, it was established that clusters CRO-C31- micro, CRO-C16-micro and SI-C16-larger have the highest operational efficiency, due to the effects of different financial indicators, especially activity and liquidity ratios. In general, within the grouped clusters regarding country and subsector, groups SI-C16 and CRO-C31 achieve the highest values for the average of weighted score of efficiency, while CRO-C16 achieves the lowest values.

scholarly journals Performance Assessment Based on the Relative Efficiency of Indian Opencast Coal Mines Using Data Envelopment Analysis and Malmquist Productivity Index

Energies ◽  
2020 ◽  
Vol 13 (18) ◽  
pp. 4902
Author(s):  
Biswaranjita Mahapatra ◽  
Chandan Bhar ◽  
Sandeep Mondal
Keyword(s):  
Data Envelopment Analysis ◽  
Technical Efficiency ◽  
Primary Source ◽  
Efficiency Score ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Scale Efficiency ◽  
Data Envelopment ◽  
Significant Difference ◽  
Using Data

Coal is the primary source of energy in India. Despite being the second-largest coal-producingcountry, there exists a significant difference in demand and production in India. In this study, the relativeefficiency of twenty-eight selected opencast mines from a large public sector undertaking coal companyin India for 2018–2019 was assessed and ranked by using data envelopment analysis (DEA). This studyused input-oriented DEA with efficiency decomposition to pure technical efficiency, technical efficiency,and scale efficiency. The result showed that 25% and 36% of mines were efficient in technical efficiencyand pure technical efficiency, respectively, whereas the eight mines scale efficiency was inefficient witha decreasing return to scale. Further, in this study, theMalmquist Productivity Index (MPI)was employedto measure the efficiency of the selected mines for three consecutive years (2016–2017 to 2018–2019).The result shows that in only three mines the efficiency is continuously improving from 2016–2017 to2018–2019, whereas in more than 20% of mines the efficiency score is decreasing. Comparing theMPIefficiency and productivity assessment throughout the years, changes in innovation and technology areincreasing from 2017–2018 to 2018–2019. Finally, the study concluded with a comprehensive evaluationof each variable with mines performance. The author formulated the strategies, which in turn help coalprofessionals to improve the efficiency of the mine.

scholarly journals Productivity growth and technological progress in the Brazilian agricultural sector

2002 ◽  
Vol 22 (2) ◽  
pp. 133-146 ◽  
Author(s):  
Marcelo Farid Pereira ◽  
João Serafim Tusi da Silveira ◽  
Edgar Augusto Lanzer ◽  
Robert Wayne Samohyl
Keyword(s):  
Productivity Growth ◽  
Technological Progress ◽  
Agricultural Sector ◽  
Primary Objective ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Data Envelopment ◽  
Significant Progress ◽  
Total Productivity ◽  
Made In

Starting in the 1970's, the Brazilian agricultural sector has experienced an important process of modernization, whose principal effects include advances in technological progress and gains in productivity. The primary objective of this paper is to analyze technological progress and total productivity growth in the Brazilian agricultural sector during the period from 1970 to 1996. The methodology used here is based on the Malmquist productivity index and techniques in mathematical programming called Data Envelopment Analysis. The results show that significant progress was made in this sector of the economy but concentrated in only some regions of the country.

scholarly journals ASSESSMENT OF CONTINENT-WISE ENERGY EFFICIENCY BASED ON CO2 EMISSIONS: A SLACK-BASED DEA APPROACH

2021 ◽  
pp. 17-31
Author(s):  
Mohd Afjal ◽  
Kavya C S
Keyword(s):  
Energy Efficiency ◽  
Data Envelopment Analysis ◽  
Co2 Emissions ◽  
Malmquist Index ◽  
Efficiency Score ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Data Envelopment ◽  
Dea Approach

This study uses the Data Envelopment Analysis (DEA) slack-based model (SBM) and Malmquist Productivity Index (MPI) to evaluate energy efficiency based on CO2 emissions in 42 countries belonging to 6 continents. First, the data envelopment analysis was employed to calculate the efficiency scores for the countries individually and continent basis and then Malmquist index was used to examine the improvement. The study period chosen was 2011-2020. The results of this study showed that on the basis of continents there has been fluctuations in energy efficiency except for Australia, with an efficiency score of equal to one throughout the study period. Additionally, from the results of Malmquist Productivity Index it was found that the 42 countries showed no significant energy enhancement during the period of 2011-2020. KEYWORDS: Energy Efficiency, CO2 emissions, Continents, Data Envelopment Analysis, Malmquist Productivity Index

scholarly journals Efficiency and Productivity Performance of the National Private Banks in Indonesia

2007 ◽  
Vol 9 (1) ◽  
pp. 1 ◽  
Author(s):  
Mohd. Azmi Omar ◽  
M. Shabri Abd. Majid ◽  
Ronald Rulindo
Keyword(s):  
Productivity Growth ◽  
Technical Change ◽  
Banking Industry ◽  
Malmquist Index ◽  
Data Envelopment ◽  
Islamic Banks ◽  
Efficiency Change ◽  
Private Banks ◽  
Using Data ◽  
Efficiency And Productivity

This study investigates the efficiency and productivity performance of the national private banks in Indonesia during the period of 2002-2004. The data consist of 21 national private banks including two Islamic banks. Productivity is measured by the Malmquist Index using Data Envelopment Analysis (DEA) technique. Overall, the result shows that the Total Factor Production (TFP) Index of the national private banks has considerably increased for the whole industry, in which technical change is found to be a more important source of productivity growth to the Indonesian Banking Industry compared to efficiency change. Furthermore, the result also shows that the efficiency of two Islamic banks is above the average efficiency of the national private banks.

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