文章基本信息

标题：Determinants of Capital Adequacy Ratio for Pension Funds: A Case Study in Indonesia
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作者：Sunaryo Sunaryo ; Alvia Santoni ; Endri Endri 等
期刊名称：International Journal of Financial Research
印刷版ISSN：1923-4023
电子版ISSN：1923-4031
出版年度：2020
卷号：11
期号：4
页码：203-213
DOI：10.5430/ijfr.v11n4p203
出版社：Sciedu Press
摘要：The study aims to identify factors that influence adequacy ratio of fund (RKD) of the Defined Benefit Pension Plan (PPMP) Pension Fund for 2009-2018 period such as Return on Asset (ROA), Cash Conversion Rate (CCR), Central Board Revenue (CBR), Operating Expense Ratio (OER), Investment Expense Ratio (IER), and investment. The data analysis was common effect panel data regression method and the samples were twenty pension funds. The results showed that ROA, CCR, and investment have a significant and positive influence towards RKD, CBR and OER have a significant and negative influence towards RKD. IER did not have significant influence towards RKD.
关键词：adequacy ratio of funds; pension fund; common effect model