IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v8y2024i6p2429-2440.html
   My bibliography  Save this article

Assets Liability Management, Macro-Economic Factors and Performance of Pension Funds Administration in Nigeria

Author

Listed:
  • Moses Tunde Oyerinde

    (Department of Actuarial Science & Insurance, Faculty of Management Sciences, University of Lagos)

  • Dr. Folake Feyisayo Olowokudejo

    (Department of Actuarial Science & Insurance, Faculty of Management Sciences, University of Lagos)

  • Prof Musa Adebayo Obalola

    (Department of Actuarial Science & Insurance, Faculty of Management Sciences, University of Lagos)

Abstract

The paper aims to investigate the impact of macroeconomic factors on the performance of pension funds administration in Nigeria. The paper utilized a purposive and convenience sampling method, collecting secondary data from 12 pension fund administration (PFA) companies for the years 2010-2021. The availability of audited financial statements was crucial in selecting the sample. The research design adopted was ex post facto, and descriptive analysis and inferential statistics were conducted to assess the suitability of the data. The research question was addressed through regressions, with the Hausman test rejecting the null hypothesis of a random effect model. The findings indicate that the real GDP growth rate has a negative and insignificant relationship with the performance of PFAs, as measured by the return on assets (ROA). This study highlights the importance for policy-makers and regulators in the pension funds industry to recognize the varying contributions of different assets and liabilities to company performance. It is recommended that pension funds focus on managing their assets and liabilities creatively to maintain performance despite fluctuations in macroeconomic factors.

Suggested Citation

  • Moses Tunde Oyerinde & Dr. Folake Feyisayo Olowokudejo & Prof Musa Adebayo Obalola, 2024. "Assets Liability Management, Macro-Economic Factors and Performance of Pension Funds Administration in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(6), pages 2429-2440, June.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:6:p:2429-2440
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-8-issue-6/2429-2440.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijriss/articles/assets-liability-management-macro-economic-factors-and-performance-of-pension-funds-administration-in-nigeria/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Amal Yamani & Khaled Hussainey & Khaldoon Albitar, 2021. "Does Governance Affect Compliance with IFRS 7?," JRFM, MDPI, vol. 14(6), pages 1-23, May.
    2. Mohajan, Haradhan, 2020. "Quantitative Research: A Successful Investigation in Natural and Social Sciences," MPRA Paper 105149, University Library of Munich, Germany, revised 15 Nov 2020.
    3. Ben Kajwang, 2022. "Role of pension management on economic growth: A review of literature," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(6), pages 635-641, September.
    4. Kazeem Abimbola Sanusi & Forget Mingiri Kapingura, 2021. "Pension funds as fuel for overall investment level and economic growth: An empirical insight from South African economy," Cogent Business & Management, Taylor & Francis Journals, vol. 8(1), pages 1935661-193, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mohajan, Haradhan, 2021. "Cradle to Cradle is a Sustainable Economic Policy for the Better Future," MPRA Paper 111334, University Library of Munich, Germany, revised 10 Oct 2021.
    2. MOHAJAN, Haradhan Kumar, 2021. "Estimation Of Cost Minimization Of Garments Sector By Cobb-Douglas Production Function: Bangladesh Perspective," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 21(2), pages 247-267.
    3. Mohajan, Devajit & Mohajan, Haradhan, 2023. "The Responses of an Organization for the Increase in Wage Rates: Profit Maximization Cases," MPRA Paper 118238, University Library of Munich, Germany, revised 10 Jun 2023.
    4. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Glaserian Grounded Theory and Straussian Grounded Theory: Two Standard Qualitative Research Approaches in Social Science," MPRA Paper 117017, University Library of Munich, Germany, revised 20 Feb 2023.
    5. Mohajan, Devajit & Mohajan, Haradhan, 2022. "Feminism and feminist grounded theory: a comprehensive research analysis," MPRA Paper 114914, University Library of Munich, Germany, revised 15 Jul 2022.
    6. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Long-Term Regular Exercise Increases V̇O2max for Cardiorespiratory Fitness," MPRA Paper 116962, University Library of Munich, Germany, revised 04 Feb 2023.
    7. Clement Kantam Kolamong & Patrick Eshun & Seth Asare & Fred Edinam Degboe, 2024. "How Much Do I Matter? Examining The Perception of Mattering and Marginality of Teacher Trainees in Volti Zone Colleges of Education, Ghana," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(2), pages 1341-1356, February.
    8. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Sensitivity Analysis of Inputs of an Organization: A Profit Maximization Exploration," MPRA Paper 117121, University Library of Munich, Germany, revised 12 Mar 2023.
    9. Mohajan, Devajit & Mohajan, Haradhan, 2022. "Sensitivity Analysis between Lagrange Multipliers and Consumer Coupon: Utility Maximization Perspective," MPRA Paper 116022, University Library of Munich, Germany, revised 16 Sep 2022.
    10. Mohajan, Devajit & Mohajan, Haradhan, 2023. "A Study on Body Fat Percentage for Physical Fitness and Prevention of Obesity: A Two Compartment Model," MPRA Paper 117158, University Library of Munich, Germany, revised Feb 2023.
    11. Mohamed Dhaqane Ali & Mohamed Deek Isack Hassan & Ibrahim Mohamed Yusuf & Ahmed Mohamed Nur & Omar Hassan Adan & Mohamed Aweys & Mohamed A. Eno, 2022. "Youth Unemployment in Somalia: A Case Study of Baidoa, Southwest State of Somalia," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(5), pages 500-507, May.
    12. Mohajan, Devajit & Mohajan, Haradhan, 2022. "Sensitivity Analysis among Commodities and Prices: A Utility Maximization Perception," MPRA Paper 116232, University Library of Munich, Germany, revised 15 Dec 2022.
    13. Mvaa, Blandina & CPA Msheri, Faiza, 2023. "The Moderating Effect of Virtual System Upgrades in The Effect of Electronic Fiscal Devices on Value Added Tax Collections in Tanzania: The Case of Kinondoni Tax Region," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(9), pages 1243-1251, September.
    14. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Families of Grounded Theory: A Theoretical Structure for Novel Researchers," MPRA Paper 116752, University Library of Munich, Germany, revised 24 Jan 2023.
    15. Mohajan, Haradhan, 2022. "An Overview on the Feminism and Its Categories," MPRA Paper 114625, University Library of Munich, Germany, revised 02 Jul 2022.
    16. Mohajan, Devagit & Mohajan, Haradhan, 2022. "Profit Maximization Strategy in an Industry: A Sustainable Procedure," MPRA Paper 114675, University Library of Munich, Germany, revised 21 Jun 2022.
    17. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Economic Investigation of Lagrange Multiplier if Cost of Inputs and Budget Size of a Firm Increase: A Profit Maximization Endeavor," MPRA Paper 117993, University Library of Munich, Germany, revised 07 May 2023.
    18. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Mathematical Model for Nonlinear Budget Constraint: Economic Activities on Increased Budget," MPRA Paper 117299, University Library of Munich, Germany, revised 17 Mar 2023.
    19. Mohajan, Haradhan, 2022. "Maximum profit ensured for industry sustainability," MPRA Paper 114801, University Library of Munich, Germany, revised 15 May 2022.
    20. Mohajan, Devajit & Mohajan, Haradhan, 2022. "Mathematical Analysis of SEIR Model to Prevent COVID-19 Pandemic," MPRA Paper 115858, University Library of Munich, Germany, revised 25 Aug 2022.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:8:y:2024:i:6:p:2429-2440. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.