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Analysis of Factors Affecting Growth of Pension Mutual Funds in Turkey

Author

Listed:
  • Ersin Acikgoz

    (Department of Maritime Business Administration, Bulent Ecevit University, Maritime Faculty, Zonguldak, Turkey,)

  • Hasan Uygurturk

    (Department of Entrepreneurship, Karabuk University, Faculty of Business, Karabuk, Turkey,)

  • Turhan Korkmaz

    (Department of Business Administration, Mersin University, Faculty of Economics and Administrative Sciences, Mersin, Turkey.)

Abstract

In this study, the level of relationship between the real growth rate (GR) of the stock pension mutual funds that have been involved in the individual pension system and the variables such as the number of fund participants, the real fund returns, fund operating expenses and share of fund assets to the total assets of the funds are analyzed with panel data methodology. The results have reported that apart from the fund operating expenses, the selected independent variables are statistically significant on the the real GR of the stock pension mutual funds.

Suggested Citation

  • Ersin Acikgoz & Hasan Uygurturk & Turhan Korkmaz, 2015. "Analysis of Factors Affecting Growth of Pension Mutual Funds in Turkey," International Journal of Economics and Financial Issues, Econjournals, vol. 5(2), pages 427-433.
    • Handle: RePEc:eco:journ1:2015-02-12
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    References listed on IDEAS

    as
    1. Allerdice, F. B. & Farrar, D. E., 1967. "Factors that Affect Mutual Fund Growth," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 2(4), pages 365-382, December.
    2. Fernando, Deepthi & Klapper, Leora & Sulla, Victor & Vittas, Dimitri, 2003. "The global growth of mutual funds," Policy Research Working Paper Series 3055, The World Bank.
    3. Cameron,A. Colin & Trivedi,Pravin K., 2005. "Microeconometrics," Cambridge Books, Cambridge University Press, number 9780521848053.
    4. David M. Drukker, 2003. "Testing for serial correlation in linear panel-data models," Stata Journal, StataCorp LP, vol. 3(2), pages 168-177, June.
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    More about this item

    Keywords

    Private Pension Funds; Panel Data; Growth; Turkey;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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