DETERMINANTS INFLUENCING PENSION FUND INVESTMENT PERFORMANCE IN KENYA

Authors

  • Anthony Kyanesa Mutula Jomo Kenyatta University of Agriculture and Technology
  • Dr. Assumptah Kagiri Jomo Kenyatta University of Agriculture and Technology

DOI:

https://doi.org/10.47941/ijf.227

Keywords:

determinants, pension fund investment, performance

Abstract

Purpose: The purpose of the study was to investigate the determinants influencing pension fund investment performance in Kenya.

Methodology: The study employed a descriptive research design. The study target population was all the 33 registered pension funds in Kenya, and the sample size was 66 senior employees involved in decision making. The study adopted a census approach and therefore data was collected from all the 33 registered pension funds. A questionnaire was used to collect primary data from the selected respondents. The data collected was analyzed using the statistical package for social sciences (SPSS) version 23.0. The software was used to produce frequencies, descriptive and inferential statistics which was used to derive generalizations and conclusions regarding the population. Multiple linear regression model was used to measure the relationship between the independent variables and the dependent variable. The study findings were presented using figures and tables.

Results: The study findings revealed a positive and significant relationship between diversification decisions, management competency, investment strategies, regulation compliance and investment performance of pension funds in Kenya.

Unique contribution to theory, practice and policy: The study recommended that the management of pension funds should establish a strong organization structure and policy implementation, which will enhance their portfolio composition; the firms should have highly competent management; should incorporate investment literacy and capability programs in their organizations; and should continue adhering to the set regulations.

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Author Biographies

Anthony Kyanesa Mutula, Jomo Kenyatta University of Agriculture and Technology

Post Graduate Student

Dr. Assumptah Kagiri, Jomo Kenyatta University of Agriculture and Technology

Lecturer

References

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Published

2018-05-14

How to Cite

Mutula, A. K., & Kagiri, D. A. (2018). DETERMINANTS INFLUENCING PENSION FUND INVESTMENT PERFORMANCE IN KENYA. International Journal of Finance, 3(1), 14–36. https://doi.org/10.47941/ijf.227

Issue

Vol. 3 No. 1 (2018)

Section

Articles

License

Copyright (c) 2018 Anthony Kyanesa Mutula, Dr. Assumptah Kagiri

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This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.