참고문헌
- Alam, I. and Sickles, R., The relationship between stock market returns and technical efficiency innovations : evidence from the US airline industry, Journal of Productivity Analysis, 1998, Vol. 9, No. 1, pp. 35-51. https://doi.org/10.1023/A:1018368313411
- Andreson, P. and Petersen, N.C., A procedure for ranking efficient unit in data envelopment analysis, Management Science, 1993, Vol. 39, No. 10, pp. 1261-1294. https://doi.org/10.1287/mnsc.39.10.1261
- Carhart, M., On the persistence in mutual fund performance, Journal of Finance, 1997, Vol. 52, No. 1, pp. 57-82. https://doi.org/10.1111/j.1540-6261.1997.tb03808.x
- Charnes, A., Cooper, W.W., and Rhodes, E., Measuring the efficiency of decision making units, European Journal of Operational Research, 1978, Vol. 2, No. 6, pp. 429-444. https://doi.org/10.1016/0377-2217(78)90138-8
- Doyle, J. and Green, R., Efficiency and cross-efficiency in DEA : Derivations, meanings and uses, Journal of the Operational Research Society, 1994, Vol. 45, No. 5, pp. 567-578. https://doi.org/10.1057/jors.1994.84
- Edirisinghe, N. and Zhang, X., Generalized DEA model of fundamental analysis and its application to portfolio optimization, Journal of Banking and Finance, 2007, Vol. 31, No. 11, pp. 3311-3335. https://doi.org/10.1016/j.jbankfin.2007.04.008
- Edirisinghe, N. and Zhang, X., Portfolio selection under DEA-based relative financial strength indicators : case of US industries, Journal of the Operational Research Society, 2008, Vol. 59, No. 6, pp. 842-856. https://doi.org/10.1057/palgrave.jors.2602442
- Fama, E. and French, K., Common risk factors in the returns on stocks and bonds, Journal of Financial Economics, 1993, Vol. 33, No. 1, pp. 3-56. https://doi.org/10.1016/0304-405X(93)90023-5
- Farrell, M.J., The measurement of productive efficiency, Journal of the Royal Statistical Society, Series A (General), 1957, Vol. 120, No. 3, pp. 253-290. https://doi.org/10.2307/2343100
- Frijns, B., Margaritis, D., and Psillaki, M., Firm efficiency and stock returns, Journal of Productivity Analysis, 2012, Vol. 37, No. 3, pp. 295-306. https://doi.org/10.1007/s11123-011-0246-y
- Gu, S.H. and Jang, S.Y., A study on the investment portfolios of stocks using DEA, Korean Management Science Review, 2014, Vol. 31, No. 3, pp. 1-12. https://doi.org/10.7737/KMSR.2014.31.3.001
- Jacobs, F.R., Chase, R.B., and Lummus, R.R., Operations and supply chain management, McGraw-Hill/Irwin, New York, 2014.
- Kim, S.-H., The effect of operation and market value efficiency on the Korean stock market, Korean Journal of Futures and Options, 2015, Vol. 23, No. 1, pp. 29-40.
- Koopmans, T.C., Activity Analysis of Production and Allocation, Wiley, New York, 1951.
- Lee, S.-Y., Lim, S., and Chae, M., Management efficiency estimation of social enterprises with data envelopment analysis, Journal of Society of Korea Industrial and Systems Engineering, 2017, Vol. 41, No. 2, pp. 121-128.
- Lim, S., A method for selection of input-output factors in DEA, IE Interfaces, 2009, Vol. 22, No. 1, pp. 44-55.
- Lim, S., Oh, K.W., and Zhu, J., Use of DEA cross-efficiency evaluation in portfolio selection : An application to Korean stock market, European Journal of Operational Research, 2014, Vol. 236, No. 1, pp. 361-368. https://doi.org/10.1016/j.ejor.2013.12.002
- Lintner, J., The valuation of risk assets and the selection of risky investments in stock portfolios and capital budgets, The Review of Economics and Statistics, 1965, Vol. 47, No. 1, pp. 13-37. https://doi.org/10.2307/1924119
- Markowitz, H., Portfolio selection, The Journal of Finance, 1952, Vol. 7, No. 1, pp. 77-91. https://doi.org/10.1111/j.1540-6261.1952.tb01525.x
- Mossin, J., Equilibrium in a capital asset market, Econometrica, 1966, Vol. 34, No. 4, pp. 768-783. https://doi.org/10.2307/1910098
- Newey, W. and West, K., A simple positive semi-definite, heteroskedasticity and autocorrelation consistent covariance matrix, Econometrica, 1987, Vol. 55, No. 3, pp. 703-708. https://doi.org/10.2307/1913610
- Nguyen, G. and Swanson, P., Firm characteristics, relative efficiency, and equity returns, Journal of Financial and Quantitative Analysis, 2009, Vol. 44, No. 1, pp. 213-236. https://doi.org/10.1017/S0022109009090012
- Pareto, V., Manuel d'economie politique, Marcel Giard, Paris, 1927.
- Sexton, T.R., Silkman, R.H., and Hogan, A.J., Data envelopment analysis : Critique and extensions, In Measuring efficiency : An Assessment of Data Envelopment Analysis, Jossey-Bass, San Francisco, 1986, pp. 73-104.
- Sharpe, W., Capital asset prices : a theory of market equilibrium under conditions of risk, Journal of Finance, 1964, Vol. 19, pp. 425-442.
- Thompson, R.G., Langemeier, L.N., Lee, C.T., Lee, E., and Thrall, R.M., The role of multiplier bounds in efficiency analysis with application to Kansas farming, Journal of Econometrics, 1990, Vol. 46, No. 1, pp. 93-108. https://doi.org/10.1016/0304-4076(90)90049-Y