PENGARUH EXPENSE RATIO, PORTOFOLIO TURNOVER, DAN FUND FLOW TERHADAP KINERJA REKSA DANA SAHAM DI INDONESIA TAHUN 2015 - 2017

MAULIDYA ANNURU, . (2020) PENGARUH EXPENSE RATIO, PORTOFOLIO TURNOVER, DAN FUND FLOW TERHADAP KINERJA REKSA DANA SAHAM DI INDONESIA TAHUN 2015 - 2017. Sarjana thesis, UNIVERSITAS NEGERI JAKARTA.

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Abstract

ABSTRAK Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh expense ratio, portofolio turnover, dan fund flow terhadap kinerja reksa dana saham di Indonesia selama tahun 2015 – 2017. Metodologi penelitian yang digunakan adalah rasio kuantitaif dengan pendekatan analisis regresi linier berganda. Data yang digunakan adalah data sekunder. Penelitian menggunakan data penelitian berjumlah 44 reksa dana saham selama tiga tahun penelitian, sehingga total keseluruhan sampel sebanyak 132 sampel. Pengujian hipotesis menggunakan uji T. Sedangkan pengujian kelayakan model menggunakan uji F dan koefisien determinasi (R2). Penganalisaan data menggunakan software SPSS versi 25. Hasil uji F menunjukkan bahwa pada reksa dana saham variabel expense ratio, portofolio turnover, dan fund flow dapat mengestimasi variabel kinerja reksa dana saham dalam model analisis. Hasil uji t (secara individual) menunjukkan bahwa pada reksa dana masing-masing variabel expense ratio, portofolio turnover, dan fund flow memiliki hasil yang berbeda. Variabel fund flow memiliki pengaruh yang signifikan terhadap kinerja reksa dana saham. Hasil uji t pada expense ratio sebesar 0,297 dengan nilai signifikan sebesar 0,767. Artinya, expense ratio tidak memiliki pengaruh yang signifikan terhadap kinerja reksa dana saham. Hasil uji t pada portofolio turnover sebesar -0,474 dengan nilai signifikan sebesar 0,637. Artinya, portofolio turnover tidak memiliki pengaruh yang signifikan terhadap kinerja reksa dana saham. Hasil uji t pada fund flow sebesar 3,835 dengan nilai signifikan sebesar 0,000. Artinya, fund flow memiliki pengaruh yang signifikan terhadap kinerja reksa dana saham. Hasil uji F sebesar 4,935 dengan nilai signifikansi sebesar 0,003. Artinya, expense ratio, portofolio turnover, dan fund flow secara bersama-sama memiliki pengaruh yang signifikan terhadap kinerja reksa dana saham. Nilai Adjusted R Square sebesar 0,099 yang berarti 9,9% kinerja reksa dana saham dapat dijelaskan oleh expense ratio, portofolio turnover, dan fund flow. Sedangkan sisanya 90,1% dapat dijelaskan olef faktor-faktor lain yang tidak diteliti dalam penelitian ini. Kata kunci: Expense Ratio, Portofolio Turnover, Fund Flow, dan Kinerja Reksa Dana Saham. ABSTRACT This research entitled “Influence of Expense Ratio, Turnover Ratio, and Fund Flow toward Performance of Share Mutual Fund in Indonesia”. The Purpose of this research is to investigate and analyze the influence of Expense Ratio, Turnover Ratio, and Fund Flow to Performance of Share Mutual Fund in Indonesia. The research methodology used is quanitative method with regression analysis methode. This research uses secondary data, there were 44 share mutual fund since 2015 – 2017, so samples are 132 data. Hypothesis is done by using F test and t test, with significance level (α) 5%. Analysing the data using data processing software SPSS version25. F test result indicate that at Share Mutual Fund variables Expense Ratio, Turnover Ratio, and Fund Flow to estimate the variable Performance of Share Mutual Fund in the model analysis. The result of t test indicate every dependent variables has different result. Fund flow has impact to share mutual fund performance. The result of t test for expense ratio is 0,297, and the signification is 0,767. This shows that there is not an effect between expense ratio toward Performance of Share Mutual Fund. This result of t test for portofolio turnover is -0,474 and the signification is 0,637 this shows that there is not an effect between turnover ratio toward Performance of Share Mutual Fund. This result of t test for fund flow is 3,835, and the signification is 0,003. This shows that there is an effect between fund flow toward Performance of Share Mutual Fund. The result of signification F test is 0,003. This show there is an effect between expense ratio, turnover ratio, and fund flow toward Performance of Share Mutual Fund. Adjusted R Square value of 0,099 which means 9,9% achievement of profitability can be explained by the Expense Ratio, Turnover Ratio, and Fund Flow. The remaining 90,1% can be explained by other factors not examined in this research. Keywords: Expense Ratio, Portofolio Turnover, Fund Flow, and Share Multual Fund Performance

Item Type:	Thesis (Sarjana)
Additional Information:	1) Tri Hesti Utaminingtyas, S.E., M.SA 2) Indah Muliasari, S.E., Akt., M.Ak
Subjects:	Ilmu Sosial > Perdagangan > Akuntansi
Divisions:	FE > S1 Akuntansi
Depositing User:	Users 1529 not found.
Date Deposited:	12 Mar 2020 17:08
Last Modified:	12 Mar 2020 17:08
URI:	http://repository.unj.ac.id/id/eprint/4816

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