Nigerian Journal of Banking and Financial Issues (NJBFI)

ASSETS/ LIABILITIES MANAGEMENT AND PERFORMANCE OF PENSION FUNDS ADMINISTRATION IN NIGERIA: SHAREHOLDERS’ FUNDS PERSPECTIVE

Authors

  • Dr.F. F. Olowokudejo Author
  • M.T. Oyerinde Author
  • Prof. M. A. Obalola Author

Keywords:

Administration, Fund, Pension, Performance, Shareholder, Nigeria

Abstract

The research posed a significant relationship between Shareholder's funds and the Performance of Pension Funds Administration companies in Nigeria. An expost facto research design was adopted and cross-sectional data were sourced from 12 PFA companies covering years 2010-2021 using a purposive sampling. Data were analysed using fixed effect and random effect regressions. Hausman zest was also carried out and the null hypothesis of a random effect model is rejected. The results revealed that the variables fairly explain the relationship between asset liability management and pension fund companies' performance. The correlation between ROA and shareholders’ funds is not only positive but has proven to be very significant. Hence, PFAs must ensure strategic asset liability management to return good value to shareholders to justify confidence reposed in the pension fund managers.

Cover page

Published

2026-01-07

Issue

Vol. 10 No. 2 (2024): Nigerian Journal of Banking and Financial Issues (NJBFI)

Section

Articles