EFFECT OF PENSION FUND ASSETS INVESTMENT ON RISK IN NIGERIA

Authors

  • Musa, Aliyu Bakari MSc scholar. Department of Accounting, Taraba State University, Jalingo
  • Abubakar, Hamidu Kara Ph.D Department of Agric Econs & Extension, Taraba State University, Jalingo
  • Bello, Nuruddeen M.Sc scholar, Department of Accounting, Taraba State University, Jalingo
  • Faisal, Mohammed Gambo Department of Biochemistry/Chemistry, Federal Polytechnic Bali

Keywords:

Risk, Shares, Bonds, Treasury bills

Abstract

This research investigates the effect of pension fund asset investment on risk in Nigeria. The study is a time series analysis using an ex-post factor research design, covering the population of twenty-two (22) pension fund administrators (PFAs) in the country. Secondary data were obtained from Pencom, CBN, NBS and NSE from 2006 to 2020 in Nigeria. Stochastic Frontier Analysis was used to estimate the data using (SFA) package. The finding reveals that shares and bonds are found to be risk-increasing assets, while treasury bills are risk-reducing assets for investment. The researcher, therefore, recommends that pension fund administrators (PFAs) should focus more on the investment of treasury bills than shares and bonds that are associated with significant risk.

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Published

2022-09-01

How to Cite

Musa, A. B., Abubakar, H. K., Bello, N., & Faisal, M. G. (2022). EFFECT OF PENSION FUND ASSETS INVESTMENT ON RISK IN NIGERIA . TSU-International Journal of Accounting and Finance, 1(3), 68–81. Retrieved from https://tsuijafc.k-publisher.com/index.php/tsuijaf/article/view/50

Issue

Vol. 1 No. 3 (2022): September 2022

Section

Articles