Matrik: Jurnal Manajemen, Strategi Bisnis, dan Kewirausahaan
Volume 16 Nomor 1 Tahun 2022

Effect of Liquidity and Managerial Ownership on the Usage of Derivative Instruments and Company Risk

Henny Rahyuda (Universitas Udayana)
Made Reina Candradewi (Economics and Business Faculty, Udayana University)



Article Info

Publish Date
27 Jan 2022

Abstract

This study aims to analyze the effect of liquidity, managerial ownership and use of derivatives on corporate risk in the Indonesian capital market, specifically manufacturing companies listed on the IDX.. This research was conducted using a quantitative approach. The population in this study are all manufacturing companies listed on the IDX. The sampling technique used was purposive sampling method. The companies included in the sample of this study are manufacturing companies that use derivative instruments and are always listed on the IDX from 2016 to 2018. A total of 12 companies can be used as final samples in this study. Based on the results of regression analysis and mediation test, it can be concluded that the managerial ownership variable has a significant positive effect on the Usage of Derivative Instruments. The variable Usage of Derivative Instruments has a significant negative effect on company risk. The Usage of Derivative Instruments is able to mediate the relationship between managerial ownership and corporate risk

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Journal Info

Abbrev

jmbk

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Matrik:Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan is a scientific journal published by the Department of Management, Faculty of Economics, Udayana University which aims to publish articles of empirical and theoretical studies in the field of marketing management, finance, human resources, ...