Fund Size, Fund Age dan Inflasi Sebagai Penentu Kinerja Reksadana

Main Article Content

Putu Yunita Wijayanti
Agus Wahyudi Salasa Gama
Ni Putu Yeni Astiti

Abstract

The evaluation of the performance of mutual funds can define how competitive mutual funds are with other investment mutual funds on the market, thus it is crucial to pay attention to this development. In order for mutual fund performance to rise steadily each year in the future, research on the variables that can make them more competitive must be conducted. This study aimed to investigate the impact of inflation, fund age, and fund size variables on Indonesian mutual fund performance from 2018 to 2021. Equity funds operating in Indonesia and registered with the Financial Services Authority between 2018 and 2021 made up the study's sample. In this study, a sample of 30 equity funds was obtained through purposive sampling. Multiple linear regression analysis was employed for the study's data analysis. The findings of this study suggest that fund size influences mutual fund performance favourably. According to this study, a mutual fund's age has no bearing on how well it performs. The performance of mutual funds is said to be negatively impacted by the inflation variable in this study.

Article Details

How to Cite
Wijayanti, P. Y., Gama, A. W. S., & Astiti, N. P. Y. (2023). Fund Size, Fund Age dan Inflasi Sebagai Penentu Kinerja Reksadana. JPEKA: Jurnal Pendidikan Ekonomi, Manajemen Dan Keuangan, 7(2), 143–156. https://doi.org/10.26740/jpeka.v7n2.p143-156
Section
Articles

References

Andyani, K. W., & Mustanda, I. K. (2018). Pengaruh Variabel Mikro Dan Makro Ekonomi Terhadap Return Saham. E-Jurnal Manajemen Universitas Udayana, 7(4), 2073. https://doi.org/10.24843/ejmunud.2018.v07.i04.p13

Desiyanti, R., & Marna, Y. S. (2017). Analisis Kinerja Reksadana Saham Di Indonesia. In UNES Journal of Social And Economics Research (Vol. 2, Issue 2). Fakultas Ekonomi Universitas Negeri. https://doi.org/10.31933/ujser.2.2.128-142.2017

Dewri, L. V., & Islam, M. R. (2016). Performance of Public Mutual Funds (PMFs) in Emerging Economies: A Case of Bangladesh. International Journal of Business and Management, 11(6), 296. https://doi.org/10.5539/ijbm.v11n6p296

Evalina, R. (2020). Pengaruh Inflasi, Ukuran Reksadana, Dan Umur Reksadana Terhadap Kinerja Reksadana Saham. In Doctoral dissertation, STIE Perbanas Surabaya. Sekolah Tinggi Ilmu Ekonomi Perbanas. www.infovesta.com

Farid, S., & Wahba, H. (2022). The effect of fund size on mutual funds performance in Egypt. Future Business Journal, 8(1). https://doi.org/10.1186/s43093-022-00135-7

Firdaus, A. (2019). Pengaruh Stock Selection Ability Dan Fund Size Terhadap Kinerja Reksa Dana Saham Di Indonesia Proposal. In Time. Universitas Islam Negeri Uin Alauddin.

Haslem, J. A. (2014). Morningstar mutual fund measures and selection model. The Journal of Wealth Management, 17(2),19-30. https://doi.org/10.3905/jwm.2014.17.2.019

Hermawan, D., & Wiagustini, N. L. (2016). Pengaruh Inflasi, Suku Bunga, Ukuran Reksadana, Dan Umur Reksadana Terhadap Kinerja Reksadana.

Otoritas Jasa Keungan (2022). Statistik Pasar Modal. https://www.ojk.go.id/id/kanal/pasar-modal/data-dan-statistik/data-produk-reksadana/default.aspx

Prabowo, B. E. (2018). Analisis Pengaruh Expense Ratio, Market Timing Ability, Fund Age, Fund Size, Dan Fund Cash Flow Terhadap Kinerja Reksa Dana Saham. Skripsi. Universitas Islam Indonesia.

Raju, S. (2013). Attitude Of Mutual Fund Investors-An Empirical Study. International Journal of Research in Commerce & Management, 4(2).

Sihombing, R. F. (2016). Pengaruh Stock Selection Skill, Market Timing Ability, Ukuran Reksa Dana Saham, Dan Usia Reksa Dana Saham Terhadap Kinerja Reksadana Saham. Skripsi. Universitas Sumatera Utara.

Syahid, N., & Denny, E. (2015). Analisis Pengaruh Stock Selection Skill, Market Timing Ability, Fund Longevity, Fund Cash Flow Dan Fund Size Terhadap Kinerja Reksadana (Studi Kasus: Reksadana Saham Periode 2010-2014). Diponegoro Journal of

Management (Vol. 4). Universitas Islam Negeri Syarif Hidayatullah. http://ejournal-s1.undip.ac.id/index.php/dbr

Tangjitprom, N. (2014). The effect of fund size on performance: The evidence from active equity mutual funds in Thailand. Research Journal of Finance and Accounting, 5(10).

Widyawati, L. (2020). A systematic literature review of socially responsible investment and environmental social governance metrics. Business Strategy and the Environment (Vol. 29, Issue 2). https://doi.org/10.1002/bse.2393

Wulandari, N. W. (2020). Pengaruh Faktor Reksa Dana dan Faktor Ekonomi Makro Terhadap Kinerja Reksa Dana Saham di Indonesia . Tesis. Universitas Islam Indonesia. http://repositorio.unan.edu.ni/2986/1/5624.pdf