The Influence Of Employer Pension Funding Size, Operational Costs, Active Management and Age On Financial Performance
DOI:
https://doi.org/10.59261/jequi.v5i2.143Keywords:
Size, Operational Costs, Active Management, Age of Employer's Pension Fund, Financial PerformanceAbstract
This study aims to analyze the effect of size, operating costs, active management, and the age of Employer Pension Funds on the financial performance of Employer Pension Funds in Indonesia. The population used is the Pension Fund of Employers in Indonesia for the 2017-2021 period by taking samples through purposive sampling. The research method used is a quantitative approach by testing using multiple linear regression analysis in the SPSS program. The source of the data was obtained internally from the OJK and the published results of the JCI daily closing price. The type of data used is secondary data based on the financial reports of Employer Pension Funds and the JCI daily closing price. The results of the study show that the size, operational costs and active management have a negative effect on the financial performance of Employer Pension Funds in Indonesia. Meanwhile, the age of Employer Pension Funds has no effect on the financial performance of Employer Pension Funds in Indonesia
Downloads
References
Aladwan, Mohammad Suleiman. 2015. "The Impact of Bank Size on Profitability" an Empirical Study on Listed Jordanian Commercial Banks". European Scientific Journal.
Bauer, Rob, and Luc Kicken. 2008. “The Pension Fund Advantage: Are Canadians Overpaying Their Mutual Funds?” Rotman International Journal of Pension Management.
Ceylan, Isil Erem, Fatih Ceylan, and Koray Yapa. 2017. The Relationship between Bank Size and Profitability: An Investigation on Deposit Banks in Turkey. Frankfurt am Main: Peter Lang
Coad, Alex, Agustí Segarra, and Mercedes Teruel. 2013. “Like Milk or Wine: Does Firm Performance Improve with Age?” Structural Change and Economic Dynamics.
Cyril, Edison Jolly, and Harish Kumar Singla. 2021. “The Mediating Effect of Productivity on Profitability in Indian Construction Firms.” Journal of Advances in Management Research.
Ehrhardt, Michael C, and Eugene F. Brigham. 2011. "Financial Management: Theory and Practice". Mason: South Western Cengage Learning.
Farooqi, Javeria, Surendranath Jory, and Thanh Ngo. 2020. “Active Fund Managers and Earnings Management at Portfolio Companies.” Review of Accounting and Finance.
Ghozali, Imam. 2021. "Applications of Multivariate Analysis". Semarang: Diponegoro University Publishing Agency.
Gonzalez, Luis Otero, Pablo Duran-Santomil, Ruben Lado-Sestayo and Milagros Vivel-Bua. 2021. Active Management, Value Investing And Pension Fund Performance. European Journal Management and Business Economics: Emeral Publishing Limited.
Greenblatt, Joel. 2006. "The Little Book That Beats the Market". New Jersey: John Wiley & Sons, Inc.
Growe, Glenn, Marinus DeBruine, John Y. Lee, and José F. Tudó. Maldonado. 2014. “The Profitability and Performance Measurement of us Regional Banks Using the Predictive Focus of the 'Fundamental Analysis Research.'” Advances in Management Accounting.
Hey Yunfei. 2021. “Board Structure, State Ownership, Firm Age and Corporate Performance in Crisis.” Proceedings of the 2021 International Conference on Enterprise Management and Economic Development (ICEMED 2021).
Husnan, Suad and Enny Pudjiastuti. 2012. "Fundamentals of Financial Management". Yogyakarta: UPP STIM YKPN.
Https://finance.yahoo.com
Kessler, Eric H. 2013. "Encyclopedia of Management Theory". California: Sage Publications, Inc.
Lau, Eddy WT 2014. "Empirical Test of a New Product Evolutionary Cycle." Journal of Product and Brand Management.
Nanda, Yulia Vidya, and Apriani Dorkas Rambu Atahau. 2020. “An Empirical Study on Pension Funds' Portfolio and Investment Performance: The Effect of Pension Funds' Size.” Journal of Management and Entrepreneurship.
Noordin, Muhammad Arafat, and Dr. Shahimi Mohtar. 2014. “Age: Does It Matter for Firms to Perform?” International Journal of Academic Research in Business and Social Sciences.
Otero-González, Luis, Pablo Durán-Santomil, Rubén Lado-Sestayo, and Milagros Vivel-Búa. 2021. “Active Management, Value Investing and Pension Fund Performance.” European Journal of Management and Business Economics.
Government Regulation Number 76 of 1992 concerning Employer Pension Funds
Penrose, Edith. 2009. "The Theory of The Growth of The Firm". Oxford: Oxford University Press.
Prondzinski, Dale A. 2010. Passive versus Active Management of Mutual Funds: Evidence from the 1995-2008 Period. Nova Southeastern University: UMI Dissertation Publishing
Rakshit, Bijoy. 2022. Assessing the Effects of Cost, Revenue and Profit Efficiency on Bank Performance: Empirical Evidence from Indian Banking.
Samosir, Ferry Christian. 2018. “Effect of Cash Conversion Cycle , Firm Size , and Firm Age to Profitability.” Journal of Applied Accounting and Taxation.
Financial Services Authority Circular Letter Number 3/SEOJK.05/2019 concerning Form and Composition of Pension Fund Periodic Reports
Financial Services Authority Circular Letter Number 22/SEOJK.05/2020 concerning Assessment of Pension Fund Health Level
Suyono. 2018. Regression Analysis for Research. Sleman: Deepublish Publisher.
Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector.
Wati, Peni Setiyo, JMV Mulyadi, and Widarto Rachbini. 2019. "Determinants of Financial Performance with Size as Moderation." Ecodemica Journal: Journal of Economics, Management, and Business.
Wilkinson, Nick. 2005. "Managerial Economics: A Problem-Solving Approach". Cambridge: Cambridge University Press.
Published
Issue
Section
License
Copyright (c) 2023 Mansur Mansur, Wisnu Mawardi

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International (CC-BY-SA). that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.