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All Journal JURNAL ILMU MANAJEMEN DAN BISNIS International Multidiciplinary Conference on Social Sciences (IMCoSS) Economics and Finance in Indonesia Jurnal Akuntansi Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences Media Riset Bisnis & Manajemen
Budi Frensidy, Budi
Departemen Akuntansi, Fakultas Ekonomi Dan Bisnis, Universitas Indonesia
Religion Arts Humanities Economics, Econometrics & Finance Social Sciences

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Journal : Economics and Finance in Indonesia

 1 
The Effect of Hedging with Financial Derivatives on Firm Value at Indonesia Stock Exchange Budi Frensidy; Tasya Indah Mardhaniaty
Economics and Finance in Indonesia Volume 65, Number 1, June 2019
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (219.639 KB) | DOI: 10.47291/efi.v65i1.614

Abstract

This study aims to analyze the effect of hedging for the risks of foreign currency, interest rate, and commodity price on firm value as measured by Tobin’s Q. The findings reveal that hedging with derivative instruments is insignificantly related to firm value but significantly varied in financial risks. Hedging for foreign currency risk has a significantly positive relation to firm value, while hedging for interest rate and commodity price risk has no relation. Furthermore, this study provides a novelty compared to previous studies in the utilization of the extent of hedging as the variable to measure the implementation of hedging.
Co-Authors Anthony, Aries Wicaksono Aries Wicaksono Anthony Regina Fitriafrishanti Sari, Putu Ayu Sruti Permata Tasya Indah Mardhaniaty