Assessing performance of mutual funds in Indonesia

This study empirically assesses the relative efficiency of mutual funds in Indonesia during the period 2004 to 2007. To measure their efficiencies, the output-input data consisting of a panel of 23 mutual funds are empirically examined based on the most commonly used non-parametric approach, namely,...

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Main Authors: Abd. Majid, M. Shabri, Hartomi, Maulana
Format: Article
Language:English
Published: The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) 2010
Subjects:
Online Access:http://irep.iium.edu.my/17726/
http://irep.iium.edu.my/17726/
http://irep.iium.edu.my/17726/1/ART09121701-2Sabri.pdf
id iium-17726
recordtype eprints
spelling iium-177262012-03-30T10:57:42Z http://irep.iium.edu.my/17726/ Assessing performance of mutual funds in Indonesia Abd. Majid, M. Shabri Hartomi, Maulana HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc HG Finance This study empirically assesses the relative efficiency of mutual funds in Indonesia during the period 2004 to 2007. To measure their efficiencies, the output-input data consisting of a panel of 23 mutual funds are empirically examined based on the most commonly used non-parametric approach, namely, Data Envelopment Analysis (DEA). The study finds that, on average, the mutual funds experienced a decrease in total factor productivity (TFP) growth. It is mainly caused by a declining in both efficiency and technical efficiencies, where the efficiency change is largely contributed by the changes in pure efficiency rather than scale efficiency. The findings of the study suggest that the mutual funds' industry in Indonesia has a great opportunity to promote its TFP by constantly optimizing and upgrading the educational and training programs intended to improve managerial ability and to speed up the adoption of new technologies. The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) 2010 Article PeerReviewed application/pdf en http://irep.iium.edu.my/17726/1/ART09121701-2Sabri.pdf Abd. Majid, M. Shabri and Hartomi, Maulana (2010) Assessing performance of mutual funds in Indonesia. Journal of Economic Cooperation and Development, 31 (4). pp. 49-76. ISSN 1308-7800 http://www.sesric.org/publications-jecd-articles.php?jec_id=76
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc
HG Finance
spellingShingle HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc
HG Finance
Abd. Majid, M. Shabri
Hartomi, Maulana
Assessing performance of mutual funds in Indonesia
description This study empirically assesses the relative efficiency of mutual funds in Indonesia during the period 2004 to 2007. To measure their efficiencies, the output-input data consisting of a panel of 23 mutual funds are empirically examined based on the most commonly used non-parametric approach, namely, Data Envelopment Analysis (DEA). The study finds that, on average, the mutual funds experienced a decrease in total factor productivity (TFP) growth. It is mainly caused by a declining in both efficiency and technical efficiencies, where the efficiency change is largely contributed by the changes in pure efficiency rather than scale efficiency. The findings of the study suggest that the mutual funds' industry in Indonesia has a great opportunity to promote its TFP by constantly optimizing and upgrading the educational and training programs intended to improve managerial ability and to speed up the adoption of new technologies.
format Article
author Abd. Majid, M. Shabri
Hartomi, Maulana
author_facet Abd. Majid, M. Shabri
Hartomi, Maulana
author_sort Abd. Majid, M. Shabri
title Assessing performance of mutual funds in Indonesia
title_short Assessing performance of mutual funds in Indonesia
title_full Assessing performance of mutual funds in Indonesia
title_fullStr Assessing performance of mutual funds in Indonesia
title_full_unstemmed Assessing performance of mutual funds in Indonesia
title_sort assessing performance of mutual funds in indonesia
publisher The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC)
publishDate 2010
url http://irep.iium.edu.my/17726/
http://irep.iium.edu.my/17726/
http://irep.iium.edu.my/17726/1/ART09121701-2Sabri.pdf
first_indexed 2023-09-18T20:26:43Z
last_indexed 2023-09-18T20:26:43Z
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