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,...

Full description

Bibliographic Details
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:	HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc HG Finance
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
_version_	1777408465715593216

Assessing performance of mutual funds in Indonesia

Similar Items