PANGESTUTI, Irene Rini Demi (2017) MANAGING THE PENSION FUND TO IMPROVE PORTFOLIO PERFORMANCE: AN EMPIRICAL STUDY ON EMPLOYER PENSION FUNDS IN INDONESIA. International Journal of Civil Engineering and Technology (IJCIET), 8 (8). pp. 714-723. ISSN ISSN Print: 0976-6308 and ISSN Online: 0976-6316

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Abstract

The success of the pension fund management company is determined by the ability
of management to manage existing resources. This study attempts to examine the
effect of market timing ability, stock selection skills, company size and portfolio
turnover on the performance of the portfolio on employer pension funds in Indonesia,
which amounted to 64 employer pension funds, equal to 960 observations for all
variables during 2014-2016. By using multiple regression test, the results showed that
independent variables of market timing ability and stock selection skills have
significant positive effects on portfolio performance. By contrast, the independent
variables of company size and portfolio turnover have no significant effect on the
portfolio performance of employer pension funds.

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