Sari, Ratna Juwita (2022) ANALISIS PENGARUH EXPENSE RATIO, FUND CASH FLOW DAN TINGKAT RISIKO TERHADAP KINERJA REKSADANA. Master thesis, UNIVERSITAS SULTAN AGENG TIRTAYASA.
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Abstract
From 2010 to 2019 the condition of mutual fund performance has increased, but if it is based on monthly performance, it fluctuates. This is also shown by mutual fund returns, which have fluctuated very sharply in recent years. This shows that knowledge about mutual fund performance is very important for investors. This research is formulated: (1) Is there a partial effect of the expense ratio, fund cash flow, and risk level on mutual fund performance; (2) Is there a partial effect of the expense ratio and fund cash flow on the level of risk; (3) Is there an effect of the level of risk on the performance of the mutual fund; and (4) Is there any influence of the level of risk in mediating the effect of the expense ratio and fund cash flow on the performance of mutual funds. The aims of the study was to analyze the influence of risk levels in mediating the influence of expense ratio and fund cash flow on mutual fund performance. The research method used is a quantitative method with analytical techniques using path analysis. The research sample was 93 mutual funds registered with OJK from a population of 1707 mutual funds. The results showed that: (1) there is no effect of the expense ratio on the risk level of mutual funds in 2020, (2) there is no effect of fund cash flow on the risk level of mutual funds in 2020, (3) there was no expense ratio effect on mutual fund performance in 2020, (4) there was an influence of fund cash flow on mutual fund performance in 2020, (5) there was no effect on the level of risk on mutual fund performance in 2020, (6) there was an influence of risk levels in mediating the effect of expense ratio on mutual fund performance in 2020 and (7) there was no influence of risk levels in mediating the influence of cash flow funds on mutual fund performance in 2020. The conclusion of this study is that there is an influence of the level of risk in mediating the influence of expense ratio and fund cash flow on mutual fund performance. Researchers also conveyed suggestions that investors should pay attention to expense ratio factors, fund cash flow, risk level, and mutual fund performance when going to invest their funds to benefit them, and further research should be conducted using other free variables, in addition to those studied.
| Item Type: | Thesis (Master) | |||||||||
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| Additional Information: | Sejak tahun 2010 sampai tahun 2019 kondisi kinerja reksadana mengalami kenaikan, namun apabila didasarkan pada kinerja setiap bulannya mengalami fluktuasi. Hal tersebut juga ditunjukkan oleh return reksadana yang mengalami fluktuasi sangat tajam dalam beberapa tahun terakhir. Hal tersebut menunjukkan bahwa pengetahuan mengenai kinerja reksadana sangat penting bagi investor. Penelitian ini dirumuskan: (1) Apakah terdapat pengaruh expense ratio, fund cash flow, dan tingkat risiko secara parsial terhadap kinerja reksadana; (2) Apakah terdapat pengaruh expense ratio dan fund cash flow secara parsial terhadap tingkat risiko; (3) Apakah terdapat pengaruh tingkat risiko terhadap kinerja reksadana; dan (4) Apakah terdapat pengaruh tingkat risiko dalam memediasi pengaruh expense ratio dan fund cash flow terhadap kinerja reksadana. Tujuan penelitian adalah untuk menganalisis pengaruh tingkat risiko dalam memediasi pengaruh expense ratio dan fund cash flow terhadap kinerja reksadana. Metode penelitian yang digunakan adalah metode kuantitatif dengan teknik analisis menggunakan analisis jalur. Sampel penelitian adalah 93 reksadana yang terdaftar di OJK dari populasi sebanyak 1707 reksadana. Hasil penelitian menunjukkan bahwa: (1) tidak ada pengaruh expense ratio terhadap tingkat risiko reksadana tahun 2020, (2) tidak ada pengaruh fund cash flow terhadap tingkat risiko reksadana tahun 2020, (3) tidak ada pengaruh expense ratio terhadap kinerja reksadana tahun 2020, (4) terdapat pengaruh fund cash flow terhadap kinerja reksadana tahun 2020, (5) terdapat pengaruh tingkat risiko terhadap kinerja reksadana tahun 2020, (6) terdapat pengaruh tingkat risiko dalam memediasi pengaruh expense ratio terhadap kinerja reksadana tahun 2020 dan (7) tidak terdapat pengaruh tingkat risiko dalam memediasi pengaruh fund cash flow terhadap kinerja reksadana tahun 2020. Kesimpulan dari penelitian ini adalah terdapat pengaruh tingkat risiko dalam memediasi pengaruh expense ratio dan fund cash flow terhadap kinerja reksadana. Peneliti juga menyampaikan saran agar para investor hendaknya memperhatikan faktor expense ratio, fund cash flow, tingkat risiko, dan kinerja reksadana ketika akan menginvestasikan dananya agar menguntungkan bagi mereka, dan hendaknya dilakukan penelitian lebih lanjut dengan menggunakan variabel bebas lain, selain yang diteliti. | |||||||||
| Uncontrolled Keywords: | expense ratio, fund cash flow, risk level, mutual fund performance expense ratio, fund cash flow, tingkat risiko, kinerja reksadana | |||||||||
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
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| Divisions: | 08 Pascasarjana > 61101-Magister Manajemen | |||||||||
| Depositing User: | Ratna Juwita Sari | |||||||||
| Date Deposited: | 02 Sep 2025 07:45 | |||||||||
| Last Modified: | 02 Sep 2025 07:45 | |||||||||
| URI: | http://eprints.untirta.ac.id/id/eprint/53176 |
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