Efficiency evaluation of the Portuguese pension funds management companies |
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| Authors: | Maria Teresa Medeiros Garcia |
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| Affiliation: | 1. Centre for Studies in Logistics, Infrastructure and Management, COPPEAD Graduate Business School, Federal University of Rio de Janeiro, Brazil;2. ISEG—Lisbon School of Economics and Management, ULisboa and CEsA—Research Centre on African, Asian and Latin American Studies, Rua Miguel Lupi, 20, 1249–078 Lisboa, Portugal |
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| Abstract: | This paper ranks the pension funds management companies according to their change in total productivity for the period 1994–2007. We estimate the change in total productivity, breaking this down into technically efficient change and technological change by means of data envelopment analysis (DEA-Malmquist index). The aim of this procedure is to seek out those best practices that will lead to improved performance in the market. The implications arising from the study are considered in terms of managerial policy. |
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