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The determinants of hedging and firm value: an empirical study in mining companies listed on Indonesia stock exchange Irawanti, Garnis; Moeljadi, Moeljadi; Indrawati, Nur Khusniyah
MEC-J (Management and Economics Journal) Vol 2, No 2 (2018)
Publisher : Faculty of Economics, State Islamic University of Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (858.946 KB) | DOI: 10.18860/mec-j.v0i1.5017

Abstract

This study aims to determine the determinant factors in the company's hedging decisions and to determine whether the activities of corporate hedging decisions through derivative instruments provide increased value for the company. The sample consisted of 33 mining companies listed on Indonesia Stock Exchange during 2011-2015 period. The method used in this study is logistic regression and independent sample t-test. The result of logistic regression by using variable of financial distress, underinvestment cost, and size showed a positive correlation to corporate hedging decision. Meanwhile, by using an independent sample t-test found that the company's hedging decisions significantly affect the value of firms and the companies with hedging decision activity through derivative instruments have more superior value than companies by using natural hedging decisions. 
Penerapan Enterprise Risk Management dalam Meningkatkan Kinerja Keuangan di Perusahaan “XYZ” Pranatha, Mohamad A’ar; Moeljadi, Moeljadi; Hernawati, Erna
Ekonomi dan Bisnis Vol 5, No 1 (2018): Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (415.268 KB) | DOI: 10.35590/jeb.v5i1.686

Abstract

The research will be discussed about the impact of the implementation of Enterprise Risk Management in improving financial performance in Company "XYZ". This research is done by using Qualitative method. In this study, the analysis of operational activities and the results of identification shows low risk, medium risk and high risk. This research is done by interview, observation and document analysis about the application of Enterprise Risk Management. This study shows that there are 18 risks that arise in the company. With the ERM, the company is more sensitive to the various risks that can occur the company can also provide an assessment of each risk and provide appropriate response and in accordance with the risk rating and can take a policy on decision making appropriate for the sustainability of the company.
Pengaruh Perencanaan Pajak, Struktur Modal, dan Ukuran Perusahaan Terhadap Nilai Perusahaan pada Perusahaan yang Terdaftar Di Bursa Efek Indonesia Astuti, Novi Endri; Moeljadi, Moeljadi; Hernawati, Erna
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : CV. Ridwan Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (358.495 KB) | DOI: 10.36418/syntax-literate.v6i1.4611

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh perencanaan pajak, struktur modal, dan ukuran perusahaan terhadap nilai perusahaan pada perusahaan LQ45. Populasi dalam penelitian ini adalah perusahaan dalam Indeks LQ45 di Bursa Efek Indonesia antara tahun 2017-2019. Data yang digunakan dalam penelitian ini adalah laporan keuangan dan data harga pasar saham yang diperoleh dari BEI. Sampel yang digunakan sebanyak 28 perusahaan yang dipilih melalui metode purposive sampling. Penelitian ini menggunakan metode regresi data panel dan menggunakan Eviews versi 10 untuk pengolahannya. Hasil pengujian menunjukkan bahwa perencanaan pajak dan struktur modal tidak mempengaruhi nilai perusahaan, sedangkan ukuran perusahaan mempunyai pengaruh negative pada nilai perusahaan