PENGARUH LEVERAGE, KESEMPATAN TUMBUH, KEBIJAKAN DIVIDEN DAN LIKUIDITAS TERHADAP KEPUTUSAN HEDGING PT. UNILEVER TBK
ABSTRACT: Multinational
companies that conduc tinternational transactions will require hedging by using
derivative instrument, in which the function is to minimize exchange rate risk
faced by the company. The purpose of this study is to determine the effect of
leverage, growth opportunity, dividend policy and liquidity on Hedging decision
of PT. Unilever Tbk 2008 – 2015period. This study use non-participant
observation for data collection and analysis techniques of multiple linear
regression which includes classical assumption and hypothesis testing using
partial test and coefficient of determination. Based on the analysed data the
results obtain are as follows, Leverage effect positively and significantly to
hedgingdecision, company growth opportunity has positive and significant effect
hedging decision, dividend policy has negative and significant effect to
hedging decision and liquidity has positive and significantinfluence to hedging
decision.
KEYWORDS: hedging, derivative
instrument, hedging decision
Penulis: Nyoman Norita
Astyrianti
Kode Jurnal: jpmanajemendd170070
