Abstract:

This research explored the importance of human capital efficiency (HCE) on the performance of equity funds during the COVID-19 outbreak in Indonesia. The returns of mutual funds were related to the manager's performance, making HCE very substantial for the consistent risk-adjusted performance. The measurements of performance that provided an overview of resilience to downturn periods were critical, such as during the Covid-19 pandemic. This research tried to verify the connection of human capital efficiency (HCE) on the performance of equity funds in a heavily impacted country, Indonesia. The writer collected data for 105 equity funds in Indonesia and compared their risk-adjusted performance during COVID. Using Ordinary Least Square (OLS) for the regression method, the results suggested that human capital efficiency (HCE) had a significant positive impact on every equity funds performance measurement during the outbreak.