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Title: Evaluation of equity mutual funds’ performance using a multicriteria methodology
Authors: Pendaraki, Konstantina
Zopounidis, Constantin D.
Keywords: Mutual funds
Multiple criteria decision making
Capital assets pricing model
Issue Date: 2003
Publisher: University of Piraeus. International Strategic Management Association
Citation: Pendaraki, K., & Zopounidis, C. (2003). Evaluation of equity mutual funds’ performance using a multicriteria methodology. European Research Studies Journal, 6(3-4), 143-162.
Abstract: The evaluation of the performance of mutual funds has been a very interesting research topic for not only researchers, but also for managers of financial, banking and investment institutions. In this study a well-known MCDA method based on the theory of outranking relations, the PROMETHEE II method (Preference Ranking Organisation Method for Enrichment Evaluations; [Brans and Vincke (1985)]) is used to develop outranking models for mutual funds’ performance. This method is applied on real-world data of mutual funds derived from the Association of Greek Institutional Investors. The results of the PROMETHEE II method are indicative of ranking the funds from the best to the worst ones according to their performance.
ISSN: 11082976
Appears in Collections:European Research Studies Journal, Volume 6, Issue 3-4

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