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Journal : CEMERLANG :Jurnal Manajemen dan Ekonomi Bisnis

Dampak Globalisasi Terhadap Risiko Keuangan Perusahaan: Risiko Nilai Tukar, Suku Bunga, dan Risiko Negara Moch. Iqbal Zulfikar Pd; Loso Judijanto
CEMERLANG : Jurnal Manajemen dan Ekonomi Bisnis Vol. 4 No. 3 (2024): Agustus: Jurnal Manajemen dan Ekonomi Bisnis
Publisher : Pusat Riset dan Inovasi Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/cemerlang.v4i3.2947

Abstract

This study aims to analyze the impact of globalization on corporate financial risk, focusing on exchange rate risk, interest rate risk, and country risk. The research employs a quantitative method, utilizing data from the annual financial reports of multinational companies listed on stock exchanges from 2010 to 2020. Data analysis is conducted using descriptive and inferential statistical techniques, including multiple regression to evaluate the relationship between independent variables (globalization factors such as exports, imports, and foreign direct investment) and dependent variables (levels of financial risk faced by companies). The findings indicate that globalization significantly influences these three types of financial risk. Companies involved in international trade tend to face greater exchange rate fluctuations, dynamic interest rate changes, and higher country risk compared to companies operating in domestic markets. To manage these risks, companies need to develop comprehensive risk management strategies, including the use of derivative instruments, thorough political and economic risk analysis, and investment in advanced technologies. Continuous training and fostering a strong risk culture within the organization are also critical factors in effective risk management. This study provides in-depth insights into how globalization affects corporate financial risk and offers strategic recommendations to enhance financial resilience in a global context.
Co-Authors Abdul Muid Fabanyo Abdul Wahab Syakhrani abdur rohman Achmad Farchan Affandy Agusman Aris Agus Nursalim Ahmad Rizani Al-Amin Alfiana Alfiana Alfiana Amândio de Araújo Sarmento Amir Machmud, Amir Anggi Setya Prayoga Anggriani Husain Anjana Prusty Ansori Ariawan, Ariawan Arnes Yuli Vandika Asfahani Asfahani Asri Ady Bakri Awaluddin Awaluddin Ayi Abdurahman Baso Intang Sappaile, Baso Intang Bucky Wibawa Karya Guna Darmun Dedi Harianto Dewi Puspitasari Digvijay Pandey Dina Destari Edy Susanto Eka Suci Apriliyani Elly Siti Nurliyah Elmiwati Elmiwati Entin Solihah Era Purike Erwin Fahmi Sulaiman Farida Akbarina Farida Asy'ari Ferdy Leuhery Fionasari, Richa Frida Utami, Rhisty Fuadah Johari Gingga Prananda Gusma Afriani Hadenan Towpek Hadi Purnomo Hadi Subeno Hasdiana Hasdiana Herlina Lidiyawati Herwantono Iiz Izmuddin Ika Zakiah Ilham Samanlangi Irwan Moridu Ismaul Fitroh Iwan Kusnadi Iwan Setiawan Jackson Yumame Jasman Joni Bungai Karyono Khurshed Iqbal Klemens Mere Komalasari, Nur Aziza Kristiono, Natal Kristopo, Kristopo Lake, Floribertha Latif Karim Listiana Sri Mulatsih Lola Yustrisia Luckhy Natalia Anastasye Lotte M. Amin Fatulloh M. Anwar Aini M. Syarif M. Yusuf Bahtiar Mahelan Prabantarikso Mahidin Fahmie Melyana R Pugu Mesis Rawati Mirza A Malik Moch. Iqbal Zulfikar Pd Mohamad Khairi Bin Haji Othman Mohd Syahrin Mokhamad Eldon Muh Syamsul Arifin Muh. Abduh Anwar Muhammad Ade Kurnia Harahap Muhammad Azizi Muhammad Guruh Nuary Muhammad Hendra Muhammad Sukron Fauzi Muhammad Syafri Muhammad Syaiful Muhammadong Muhdi Late muriyanto muriyanto Mustopa Naf’an Torihoran Naheria Nana Citrawati Lestari Nely Salu Padang Nganta Ginting, Jimmy Nijma Ilma, Ajeng Faizah Ningrum, Dedah Nisa Miftachurohmah Nova Krisnawati Novianty Djafri Raden Ayu Trisnayoni Rafika Nisa Rahma Helal Al_ Jbour Rengga Yudha Santoso Rina Destiana Risqah Amaliah Kasman Riztya, Rinda Romadhon Rony Sandra Yofa Zebua Rosdiana Rossa Ramadhona Samar A. El-Farra Sastra Waskita, Gautama Septina Elida Setyawan, Antonius Ary Setyo Wibowo, Edy SILVIA EKASARI Siti Indah Sri Widiastuti Sukron Fauzi Syafril Barus Syamsul Muqorrobin Syarif Hidayatullah Syatria Adymas Pranajaya Tanwir Tanwir Teguh Wibowo Teti Anggita Safitri, Teti Anggita Triani Patra Pertiwi Ulin Naini Ummu Kulsum Upus Piatun Khodijah Wahab Wandi Nduru, Sastra Wewis Gilang Sari Yadi Suryadi Yolanda Effendy Zohaib Hassan Sain Zoni, Lapas Zulvia Trinova