Faradilla Suretno
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Factors influencing equity fund performance: evidence from Indonesia
Sigit Sanjaya , Yosi Yulia , Elfiswandi , Zerni Melmusi , Faradilla Suretno doi: http://dx.doi.org/10.21511/imfi.17(1).2020.14Investment Management and Financial Innovations Volume 17, 2020 Issue #1 pp. 156-164
Views: 977 Downloads: 142 TO CITE АНОТАЦІЯThis study aims to discover the factors that affect equity fund performance in companies listed on the Indonesia Stock Exchange (IDX) during 2015–2018. This research is quantitative. Past performance, stock selection skills, market timing abilities, fund size, fund age are independent variables, while fund performance is the dependent variable. The population in this study was 73 equity funds. A total of 21 equity funds were selected as the sample by the purposive sampling method. The analytical method used is panel data regression analysis using the EViews program. Hypotheses were tested using a t-test with a significance level of alpha 0.05. The results show that equity fund past performance, stock selection skill, market timing ability, fund size, fund age and IDX composite index simultaneously have a significant effect on equity fund performance. Stock selection skill and IDX composite index partially have a positive and significant effect on equity fund performance. However, past performance, market timing ability, fund size and fund age have no positive and significant effect on equity fund performance.
Acknowledgment
All authors would like to thank Universitas Putra Indonesia YPTK Padang and Yayasan Perguruan Tinggi Komputer for financial support. Any remaining errors are our own.
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