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How Strong are the impact of economic volatility, company growth, and COVID-19 pandemic on the Net Asset Value of Sharia Mutual Funds? Empirical Evidence from Indonesia oleh :
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| Author:
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INDUPURNAHAYU , DEDIWALUJADI
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| Abstract:
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Currently, Islamic mutual funds are an alternative resource in Indonesia. The belief that a sharia-based financial system offers a strong and resilient offering, is integrated with the financial system, and the sentiment and conviction to implement a sharia-based business are factors that encourage the strengthening of investment and the Islamic system. This study aims to: first, measure the impact of conditions of economic volatility, which is reflected by the inflation rate and BI interest rate on the Net Asset Value of Islamic mutual funds; Second, examining whether there is an impact of Black Swan in the form of the COVID-19 Pandemic and the increasing development of Islamic mutual funds with the increasing number of choices for Islamic mutual fund companies. The study used monthly data from January 2019 to the latest November 2020 data, which were obtained from the Financial Services Authority, BPS-Statistics Indonesia and Bank Indonesia with time series regression. The results showed that statistically all variables have a negative effect, except for the number of Islamic mutual funds which have a positive but insignificant effect on the NAV of Islamic mutual funds..
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| Keyword:
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Islamic mutual funds, inflation rate, BI interest rate, number of Islamic mutual fund companies. The COVID-19 pandemic, time series regression.
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| EOI:
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| DOI:
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https://doi.org/10.31838/ijpr/2021.13.02.121
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| Download:
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