Claim Missing Document
Check
Articles

Found 2 Documents
Search
Journal : Valid Jurnal Ilmiah

FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP KEBIJAKAN HEDGING PERUSAHAAN DI INDONESIA Bodroastuti, Tri; Paranita, Ekayana Sangkasari; Ratnasari, Lia
Valid Jurnal Ilmiah Vol 16 No 1 (2019)
Publisher : Sekolah Tinggi Ilmu Ekonomi AMM Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Hedging is an action taken to protect companies from exposure to exchange rates. Exposure to exchange rate fluctuations is the vulnerability of firms affected by exchange rate fluctuations. This study aims to analyze the factors that affect the company's hedging policy. The population is a nonfinancial manufacturing company listed on the Indonesia Stock Exchange (IDX) for the period of 2011-2015. The data used comes from the financial statements of each company. The analysis technique used is logistic regression analysis. The research findings show that growth opportunity negatively affect the company's hedging policy, while liquidity, firm size, financial distress, leverage, and managerial ownership have a positive effect on company's hedging policy. This finding is expected to be a consideration for investors before investing in manufacturing companies in BEI.
FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP KEBIJAKAN HEDGING PERUSAHAAN DI INDONESIA Tri Bodroastuti; Ekayana Sangkasari Paranita; Lia Ratnasari
Valid: Jurnal Ilmiah Vol 16 No 1 (2019)
Publisher : Sekolah Tinggi Ilmu Ekonomi AMM

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (0.272 KB)

Abstract

Hedging is an action taken to protect companies from exposure to exchange rates. Exposure to exchange rate fluctuations is the vulnerability of firms affected by exchange rate fluctuations. This study aims to analyze the factors that affect the company's hedging policy. The population is a nonfinancial manufacturing company listed on the Indonesia Stock Exchange (IDX) for the period of 2011-2015. The data used comes from the financial statements of each company. The analysis technique used is logistic regression analysis. The research findings show that growth opportunity negatively affects the company's hedging policy, while liquidity, firm size, financial distress, leverage, and managerial ownership have a positive effect on company's hedging policy. This finding is expected to be a consideration for investors before investing in manufacturing companies in BEI