Abstract
Japanese asset management companies suffer from low profitability compared with European and American asset management companies for many years. The reason why low profitability of Japanese asset management companies compared with European and American asset management companies, is that lower fee rate and smaller operation size. For improvement of profitability, improvement of performance is the most important subject. But we do not treat a subject about improvement of performance in this paper. From a point of view of asset management efficiency, we evaluate Japanese asset management companies by Data Envelopment Analysis (DEA). From this result, we think we can do some proposal for improvement of management efficiency of Japanese asset management companies.
