1
Assistant Professor, Faculty Member ,Accounting Group, Faculty of Economic and Accounting, Islamic Azad University-Central Tehran Branch, Iran.
2
Phd student in Accounting, Iran.
Abstract
In this research، we studied the effect of capital flows of Mutual Funds on Capital Market technical efficiency by using DEA (Data Envelopment Analysis) for 22 Mutual Funds listed in Tehran Stock Exchange during the years 2010-2014. We considered mutual funds’ trade volume and total assets as input variables, as well, market value and stock index as output variables. The results of the multivariate regression test proofed and specified existence of a positive and significant relationship between capital flows measures such as Issued Flow, Redemption Flow and Net Flow of Mutual Funds with Capital Market Technical efficiency.
Tavangar, A., & Khabbazzadeh, M. E. (2019). Using DEA Model to Measure the Effect of Mutual Funds Capital Flows on Capital Market Technical Efficiency. Accounting and Auditing Research, 11(42), 107-124.
MLA
Afsaneh Tavangar; Mohammad Esmaeil Khabbazzadeh. "Using DEA Model to Measure the Effect of Mutual Funds Capital Flows on Capital Market Technical Efficiency". Accounting and Auditing Research, 11, 42, 2019, 107-124.
HARVARD
Tavangar, A., Khabbazzadeh, M. E. (2019). 'Using DEA Model to Measure the Effect of Mutual Funds Capital Flows on Capital Market Technical Efficiency', Accounting and Auditing Research, 11(42), pp. 107-124.
VANCOUVER
Tavangar, A., Khabbazzadeh, M. E. Using DEA Model to Measure the Effect of Mutual Funds Capital Flows on Capital Market Technical Efficiency. Accounting and Auditing Research, 2019; 11(42): 107-124.
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