Year 2019, Volume 4 , Issue 2, Pages 27 - 42 2019-12-02

Influence of Financial Architecture on Financial Performance and Corporate Value in the Indonesian Capital Market
Endonezya'nın Sermaye Piyasasında Finansal Mimarinin Finansal Performans ve Kurumsal Değer Üzerine Etkisi

Wayan WİDNYANA [1]


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.

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.  

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Primary Language en
Subjects Social
Published Date Güz
Journal Section Research Article
Authors

Author: Wayan WİDNYANA (Primary Author)
Institution: Udayana University
Country: Indonesia


Dates

Publication Date : December 2, 2019

APA Wi̇dnyana, W . (2019). Influence of Financial Architecture on Financial Performance and Corporate Value in the Indonesian Capital Market . JOEEP: Journal of Emerging Economies and Policy , 4 (2) , 27-42 . Retrieved from https://dergipark.org.tr/en/pub/joeep/issue/50431/530747