Endonezya'nın Sermaye Piyasasında Finansal Mimarinin Finansal Performans ve Kurumsal Değer Üzerine Etkisi

Abstract

Bu çalışma, finansal mimarinin Endonezya Sermaye Piyasası'ndaki finansal performans ve kurumsal değer üzerindeki etkisini incelemeyi amaçlamaktadır. Çalışma 2015 yılında Endonezya Sermaye Piyasası'nda (Endonezya Menkul Kıymetler Borsası (IDX)) kayıtlı olan finans sektörü dışındaki şirketler üzerinde yapılmıştır. Çalışmada nicel veriler ve ikincil veri kaynakları kullanılmıştır. Finansal mimarinin etkisinin hipotez testi, Yol Analizi kullanılarak analiz edilmiştir ve mülkiyet yapısının, sermaye yapısının ve kurumsal yönetimin finansal performans ve kurumsal değer üzerindeki etkisini içermektedir. Çalışmada oluşturulan araştırma modeline uygun bulgular elde edilmiştir. Çalışma sonucunda Endonezya Başkent Piyasasında mülkiyet yapısının, sermaye yapısının, kurumsal yönetimin ve yönetim kurulunun finansal performans ve kurumsal değer üzerindeki boyutları ile finansal mimarinin etkisi üzerine teorik bir model ortaya koyulmuştur.  

Keywords

• Finansal Mimari,Finansal Performans,Kurumsal Değer,Sermaye Piyasası

Influence of Financial Architecture on Financial Performance and Corporate Value in the Indonesian Capital Market

Abstract

This study aims to examine the effect of financial architecture on financial performance and corporate value in the Indonesian Capital Market. This research was conducted on non-financial sector companies which were registered in the Indonesian Capital Market, namely Indonesia Stock Exchange (IDX) in 2015. This study used quantitative data and used secondary data sources, meaning that data was obtained, collected and processed from other parties. In this study, the hypothesis testing of the effect of financial architecture included the dimensions of ownership structure, capital structure and corporate governance on financial performance and corporate value using Path Analysis. The results of this study have provided findings that are in accordance with the research model that has been built This research has been able to give theoretical model on the effect of financial architecture with the dimensions of ownership structure, capital structure, corporate governance and board process on financial performance and corporate value in the Indonesian Capital Market.

Keywords

• Financial Architecture,Financial Performance,Corporate Value,Capital Market

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