Analisis kecekapan relatif bagi industri saham amanah menggunakan pendekatan ekonometrik
Purpose – This paper measures the relative efficiency of unit trust in Malaysia for the year 2003 and 2004, consisting of 65 funds from 16 unit trust management company which are categorised into three types; growth fund, income fund, and Islamic fund. The importance of this study can help the inve...
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
2010
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| Online Access: | https://repo.uum.edu.my/id/eprint/996/1/Nor_Azlida_Aleng_%40_Mohamad.pdf |
| _version_ | 1825739755691704320 |
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| author | Aleng @ Mohamad, Nor Azlida Wan Ahmad, Wan Muhamad Amir Mamat, Mustafa Isa, Zaidi |
| author_facet | Aleng @ Mohamad, Nor Azlida Wan Ahmad, Wan Muhamad Amir Mamat, Mustafa Isa, Zaidi |
| author_sort | Aleng @ Mohamad, Nor Azlida |
| collection | UUM |
| description | Purpose – This paper measures the relative efficiency of unit trust in Malaysia for the year 2003 and 2004, consisting of 65 funds from 16 unit trust management
company which are categorised into three types; growth fund, income fund, and Islamic fund. The importance of this study can help the investor/trustee to choose the most efficient fund. Design/Methodology/Approach – The study employed the production model by Battese and Coelli (1992). Frontier software Version 4.1 was used to analyse
the efficiency score of unit trust funds and to estimate the parameters of stochastic production using maximum likelihood method.Findings – Score efficiency analysis is important to measure the level of technical efficiency in the unit trust industry and other industries. The growth fund showed increasing efficiency score when tested funds were categorised depending on the type or the investment objectives. The mean of efficiency score for the growth fund in 2003 is 95% and 99% in 2004. Entirely, the income fund in 2003 was more efficient than 2004 with 100% mean efficiency in 2003 and 93% in 2004. However, both funds were still considered as excellent and efficient.Meanwhile, the Islamic fund had low efficiency scores with 73% in 2003 and 84% in 2004. Originality/Value – The paper investigated extensively the relative efficiency and highlights these to investors, policy makers of unit trust, the unit trust industry and other industries. |
| first_indexed | 2024-07-04T05:14:53Z |
| format | Article |
| id | uum-996 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:14:53Z |
| publishDate | 2010 |
| publisher | Universiti Utara Malaysia |
| record_format | eprints |
| spelling | uum-9962010-09-01T01:50:25Z https://repo.uum.edu.my/id/eprint/996/ Analisis kecekapan relatif bagi industri saham amanah menggunakan pendekatan ekonometrik Aleng @ Mohamad, Nor Azlida Wan Ahmad, Wan Muhamad Amir Mamat, Mustafa Isa, Zaidi QA Mathematics Purpose – This paper measures the relative efficiency of unit trust in Malaysia for the year 2003 and 2004, consisting of 65 funds from 16 unit trust management company which are categorised into three types; growth fund, income fund, and Islamic fund. The importance of this study can help the investor/trustee to choose the most efficient fund. Design/Methodology/Approach – The study employed the production model by Battese and Coelli (1992). Frontier software Version 4.1 was used to analyse the efficiency score of unit trust funds and to estimate the parameters of stochastic production using maximum likelihood method.Findings – Score efficiency analysis is important to measure the level of technical efficiency in the unit trust industry and other industries. The growth fund showed increasing efficiency score when tested funds were categorised depending on the type or the investment objectives. The mean of efficiency score for the growth fund in 2003 is 95% and 99% in 2004. Entirely, the income fund in 2003 was more efficient than 2004 with 100% mean efficiency in 2003 and 93% in 2004. However, both funds were still considered as excellent and efficient.Meanwhile, the Islamic fund had low efficiency scores with 73% in 2003 and 84% in 2004. Originality/Value – The paper investigated extensively the relative efficiency and highlights these to investors, policy makers of unit trust, the unit trust industry and other industries. Universiti Utara Malaysia 2010 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/996/1/Nor_Azlida_Aleng_%40_Mohamad.pdf Aleng @ Mohamad, Nor Azlida and Wan Ahmad, Wan Muhamad Amir and Mamat, Mustafa and Isa, Zaidi (2010) Analisis kecekapan relatif bagi industri saham amanah menggunakan pendekatan ekonometrik. International Journal of Management Studies (IJMS), 17 (1). pp. 189-202. ISSN 0127-8983 http://ijms.uum.edu.my |
| spellingShingle | QA Mathematics Aleng @ Mohamad, Nor Azlida Wan Ahmad, Wan Muhamad Amir Mamat, Mustafa Isa, Zaidi Analisis kecekapan relatif bagi industri saham amanah menggunakan pendekatan ekonometrik |
| title | Analisis kecekapan relatif bagi industri saham amanah menggunakan pendekatan ekonometrik |
| title_full | Analisis kecekapan relatif bagi industri saham amanah menggunakan pendekatan ekonometrik |
| title_fullStr | Analisis kecekapan relatif bagi industri saham amanah menggunakan pendekatan ekonometrik |
| title_full_unstemmed | Analisis kecekapan relatif bagi industri saham amanah menggunakan pendekatan ekonometrik |
| title_short | Analisis kecekapan relatif bagi industri saham amanah menggunakan pendekatan ekonometrik |
| title_sort | analisis kecekapan relatif bagi industri saham amanah menggunakan pendekatan ekonometrik |
| topic | QA Mathematics |
| url | https://repo.uum.edu.my/id/eprint/996/1/Nor_Azlida_Aleng_%40_Mohamad.pdf |
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