PENGARUH UKURAN PERUSAHAAN, TINGKAT HUTANG, DAN KESULITAN KEUANGAN TERHADAP KEPUTUSAN HEDGING PADA PERUSAHAAN MANUFAKTUR INDONESIA
ABSTRACT: Hedging is
undertaken by a company to protect the company from exposure to foreign
currencies. Hedging decisions are influenced by firm size, debt level and
financial distress. This study research the effect of firm size, debt level and
the financial distress of the hedging decision using derivative instruments.
This aim of this study to research the effect of each variable on the hedging
decision using derivative instrument in manufacturing companies listed in
Indonesia Stock Exchange in 2012 until 2015. Purposive sampling techniques are
use to take sample, and appropriate criteria established company obtained 74
samples of manufacturing companies.
Research on the effect of each variable on this hedging decisions using
logistic regression analysis techniques. The results showed that each variable
firm size, debt level and the financial distress has a positive and significant
effect on hedging activities.
KEYWORDS: hedging, firm size,
debt level, financial distress
Penulis: Ni Putu Candra
Krisdian, Ida Bagus Badjra
Kode Jurnal: jpmanajemendd170080
