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Assessing performance of mutual funds in Indonesia

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

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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.

Item Type: Article (Journal)
Additional Information: 5058/17726
Uncontrolled Keywords: funds, Indonesia
Subjects: H Social Sciences > HC Economic History and Conditions > HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc
H Social Sciences > HG Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User: Nur' Aini Abu Bakar
Date Deposited: 16 Feb 2012 14:32
Last Modified: 30 Mar 2012 18:57
URI: http://irep.iium.edu.my/id/eprint/17726

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