Marsono, Acong Dewantoro and Prof. Dr. Ubud Salim,, S.E., M.A., CPHR and Dr. Kusuma Ratnawati,, S.E., M.M., CFP and Dr. Siti Aisjah,, S.E., M.Si., CSRS, CFP (2021) Pengaruh Ketrampilan, Karakteristik, Kajian Analis Terhadap Keputusan Investasi Dimediasi Kinerja dan Dimoderasi Aura Relijiusitas (Studi pada Reksa Dana Syariah di Indonesia). Doctor thesis, Universitas Brawijaya.
Abstract
Tujuan penelitian ini untuk menganalisis faktor-faktor yang mempengaruhi kinerja reksa dana dan keputusan investasi pada reksa dana syariah. Implikasi teoritis hasil penelitian ini akan memperkaya dan melengkapi khasanah ilmu pengetahuan di bidang manajemen khususnya manajemen keuangan syariah. Selain itu juga diharapkan bermanfaat bagi para akademisi dan secara praktis dapat memberikan masukan bagi para investor maupun pengelola reksa dana syariah sehingga mereka akan mendapatkan reksa dana yang sesuai harapan. Penelitian ini menggunakan pendekatan kuantitatif. Data yang digunakan adalah data sekunder untuk perode 2015-2017. Pengambilan sampel menggunakan metode purposive sampling dengan jumlah sample yang digunakan 45 reksa dana. Data dianalisis dan diuji mengunakan Partial Least Square. Hasil penelitian menunjukkan bahwa: 1) Ketrampilan manajer dana tidak berpengaruh terhadap kinerja reksa dana. 2) Karakteristik tidak berpengaruh terhadap kinerja reksa dana. 3) Kajian analis berpengaruh positif dan signifikan terhadap kinerja reksa dana. 4) Ketrampilan manajer dana berpengaruh positif signifikan terhadap keputusan investasi. 5) Karakteristik tidak berpengaruh terhadap keputusan investasi. 6) Kajian analis tidak berpengaruh terhadap keputusan investasi. 7) Kinerja reksa dana berpengaruh positif dan signifikan terhadap keputusan investasi. 8) Kinerja reksa dana tidak mediasi pengaruh ketrampilan manajer dana terhadap keputusan investasi. 9) Kinerja reksa dana tidak mediasi pengaruh karakteristik reksa dana terhadap keputusan investasi. 10) Kinerja reksa dana mediasi secara penuh pengaruh kajian analis terhadap keputusan investasi. 11) Aura relijiusitas tidak mampu memoderasi pengaruh ketrampilan manajer dana terhadap keputusan investas
English Abstract
The goal of this research is to analyze factors influencing the performance of mutual funds and investment decision in Islamic mutual funds. The theoretical implication of this study will expand the treasury of knowledge in management, particularly the Islamic financial management, in addition to the benefits it may provide for academics. Furthermore, it is also hoped that investors and Islamic mutual fund managers will be furnished with more suggestions in acquiring the expected mutual funds This quantitative research uses secondary data from 45 mutual funds, selected using purposive sampling and observed in the period of 2015-2017, which was analyzed and assessed through Partial Least Squares. This study finds that (1) the skills of fund manager do not affect mutual fund’s performance, (2) characteristics do not influence mutual fund’s performance, (3) analyst coverage positively and significantly impact mutual fund’s performance, (4) the skills of fund manager positively and significantly influence investment decision, (5) characteristics do not influence investment decision, (6) analyst coverage does not affect investment decision, (7) mutual fund’s performance positively and significantly affects investment decision, (8) mutual fund’s performance does not mediate the effect of fund manager’s skills on investment decision, (9) mutual fund’s performance does not mediate the influence of mutual fund’s characteristics on investment decision, (10) mutual fund’s performance fully mediates the effect of analyst coverage on investment decision, and (11) religiosity aura does not moderate the effect of fund manager’s skills on investment decisio
| Item Type: | Thesis (Doctor) |
|---|---|
| Identification Number: | 062102 |
| Uncontrolled Keywords: | ketrampilan, karakteristik, kajian analis, kinerja, aura relijiusitas, keputusan investasi, reksa dana syariahskills, characteristics, analyst coverage, performance, religiosity aura, investment decision, Islamic mutual fund. |
| Subjects: | 600 Technology (Applied sciences) > 657 Accounting |
| Divisions: | S2/S3 > Doktor Ilmu Manajemen, Fakultas Ekonomi dan Bisnis |
| Depositing User: | Sugeng Moelyono |
| Date Deposited: | 10 Jan 2022 04:21 |
| Last Modified: | 01 Oct 2024 06:35 |
| URI: | http://repository.ub.ac.id/id/eprint/188042 |
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