伊斯蘭教義對資本結構與績效的影響 -以印尼公司為例;The effect of Islamic doctrine on capital structure and corporate performance: An empirical study of Indonesian listed firms

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Please use this identifier to cite or link to this item: http://ir.lib.ncu.edu.tw/handle/987654321/83344

Title:	伊斯蘭教義對資本結構與績效的影響 -以印尼公司為例;The effect of Islamic doctrine on capital structure and corporate performance: An empirical study of Indonesian listed firms
Authors:	王翊瑄;Wang, Yi-Hsuan
Contributors:	企業管理學系
Keywords:	資本結構;負債比率;公司績效;伊斯蘭教法;capital structure;debt ratio;corporate performance;Shariah
Date:	2020-06-05
Issue Date:	2020-09-02 15:29:52 (UTC+8)
Publisher:	國立中央大學
Abstract:	本研究從伊斯蘭教的觀點出發，探討伊斯蘭教義對印尼上市公司的資本結構與績效的影響。研究結果顯示，遵循伊斯蘭教義的公司，符合Trade-off theory的觀點，存在有最適的資本結構，可以最大化公司績效，且遵循伊斯蘭教義的公司(Shariah)比未遵循伊斯蘭教義的公司(non-Shariah)有更高的公司績效。此外，根據印尼金融監察機構(OJK)的規範，將遵循伊斯蘭教義的公司區分為兩類，分別為負債比率小於等於45%，以及負債比率大於45%兩部分。結果發現有嚴格遵守規範，負債比率小於等於45%的遵循伊斯蘭教義的公司，比未遵守負債比率規範的公司，有更高的公司績效。證實伊斯蘭教義對印尼上市公司的資本結構與績效皆有重大的影響。;This study examines the effect of Islamic doctrine on the relation between capital structure and corporate performance from the perspective of Islam. The empirical results show that the companies following Islamic law (Shariah) have the optimum capital structure to maximize the corporate performance, and Shariah firms have better corporate performance than non-Shariah firms. Moreover, Shariah firms’ are further divided into two groups – those with debt ratio higher than 45% and those equal or lower than 45%. The finding show that Shariah firms which strictly follow the regulation of OJK, that is, the firms with debt ratio equal or lower than 45%, have better corporate performance than those do not abide by the debt limitation, suggesting that Islamic doctrine has a significant effect on firm’s capital structure and performance.
Appears in Collections:	[Graduate Institute of Business Administration] Electronic Thesis & Dissertation

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