Economies of scale and scope in Australian superannuation (pension) funds

Diversification and Risk in Superannuation Funds

This paper deals with the question of which factors have the highest impact on the wealth outcome at retirement in a superannuation context. We focus on the last 10 years prior to retirement as these are the most crucial in determining the wealth outcome. We evaluate the performance of different lifecycle investment strategies for superannuation funds under different scenarios of market conditi...

From Economies of Density and Network Scale to Multioutput Economies of Scale and Scope: a Synthesis

For more than twenty years, the cost structure of transport industries in general, and the airline industry in particular, has been analyzed through the calculation of two indices: returns to density (RTD) and returns to scale (RTS), which were originally proposed by Caves et al. (1984). During this period, there have been many observations, amendments, caveats and corrections about their calcu...

Attribution of investment performance: An analysis of Australian pooled superannuation funds

This paper evaluates the market timing and security selection capabilities of Australian pooled superannuation funds over the eight-year period from January 1991 to December 1998. Evaluation of both components of investment performance is surprisingly scarce in the Australian literature despite active investment managers engaging in both market timing and security selection. The paper also eval...

Australian superannuation SRI funds: A study of systematic risk using Markov switching

Scale and scope economies in Mexican private medical units.

OBJECTIVE To evaluate technical efficiency and potential presence of scale and scope economies in Mexican private medical units (PMU) that will improve management decisions. MATERIALS AND METHODS We used data envelopment analysis methods with inputs and outputs for 2 105 Mexican PMU published in 2010 by the Instituto Nacional de Estadística y Geografía from the "Estadística de Unidades Médica...