IOSR-JBM   Volume-24 ~ Issue-5 ~ May 2022

Abstract: Financial liberalization has been part of financial reform packages in many countries as stabilization for financial development tools of respective economies. One of these countries is Kenya which has been undergoing various financial sector reforms since 1980 to improve economy mainly on the ease of financial sector, equity market and capital account. This research was conducted to establish the effect of financial sector liberalization on financial development in Kenya in relation to various financial liberalization effects and measures adopted from 1985 to 2018. The principal component analysis method was used in the calculation of the index required data for all the years since the liberalization process started in Kenya to calculate the financial liberalization index.....

[1]. Acemoglu, D., Johnson, S. & Robinson, J.A. (2001). Reversal of fortune: Geography and Institutions in the making of the modern world income distribution. MIT Working Paper 01/38 (Cambridge, Massachusetts: MIT, department of economics).
[2]. Andries, M. Alin (2009). Theories regarding financial intermediation and financial Intermediaries- a survey. Faculty of economics and public administration, Vol.9, No. 2(10) [3]. Andries, A. M., & Capraru, B. (2013). Impact of Financial Liberalization on Banking Sectors Performance from Central and Eastern European Countries. PLoS ONE, 8(3), e59686. doi:10.1371/journal.pone.0059686
[4]. Andries AM, Capraru B (2013). Impact of financial liberalization on banking sectors performance from central and eastern European countries. PLoS ONE 8(3): e59686. doi:10.1371/journal.pone.0059686
[5]. Central Bank of Kenya. Bank supervision annual report, (various issues)..

Abstract: Financial liberalization has been part of financial reform packages in many countries as stabilization for finan-cial development tools of respective economies. One of these countries is Kenya which has been undergoing various financial sector reforms since 1980 to improve economy mainly on the ease of equity market. This re-search was conducted to establish the effect of equity market liberalization on financial development in Kenya in relation to various financial liberalization effects and measures adopted from 1985 to 2018. The principal component analysis method was used in the calculation of the index required data for all the years since the liberalization process started.......

Keywords (financial liberalization, financial development, equity market liberation and business risks

[1]. Acemoglu, D., Johnson, S. & Robinson, J.A. (2001). Reversal of fortune: Geography and Institutions in the making of the modern world income distribution. MIT Working Paper 01/38 (Cambridge, Massachusetts: MIT, department of economics).
[2]. Andries, M. Alin (2009). Theories regarding financial intermediation and financial Intermediaries- a survey. Faculty of economics and public administration, Vol.9, No. 2(10)
[3]. Andries, A. M., & Capraru, B. (2013). Impact of Financial Liberalization on Banking Sectors Performance from Central and East-ern European Countries. PLoS ONE, 8(3), e59686. doi:10.1371/journal.pone.0059686
[4]. Andries AM, Capraru B (2013). Impact of financial liberalization on banking sectors performance from central and eastern Europe-an countries. PLoS ONE 8(3): e59686. doi:10.1371/journal.pone.0059686
[5]. Central Bank of Kenya. Bank supervision annual report, (various issues).

Abstract: This study aims to analyze the effect of Intellectual Capital on firm value with financial performance as an intervening study variable in manufacturing companies listed on the Indonesia Stock Exchange (BEI) in 2015-2019. In this study, a sample of 375 companies using purposive sampling. In the first equation, there are 357 manufacturing company data companies. In the second equation, there are 352 manufacturing company data companies. The difference in the number of manufacturing company data used as the research sample is due to meeting the assumptions of the feasibility of the regression model in the first and second research models, so that outlier data in the first and second equations need to be eliminated. This study provides the results that Intellectual Capital has a significant positive effect on financial performance, financial performance has a significant positive effect on firm value, the effect of Intellectual Capital on firm value, Intellectual Capital has a positive and significant effect on firm value through financial performance as an intervening variable..

Keywords Intellectual Capital, Financial Performance, Company Value

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