Open AccessANALISIS FAKTOR YANG MEMPENGARUHI PERUSAHAAN MENGAMBIL KEPUTUSAN LINDUNG NILAI (HEDGING) DENGAN INSTRUMEN DERIVATIF
Author(s) -
Mayang Puspita Zahra,
Achmad Tjahjono
Publication year - 2020
Publication title -
kajian bisnis sekolah tinggi ilmu ekonomi widya wiwaha/kajian bisnis stie widya wiwaha
Language(s) - English
Resource type - Journals
eISSN - 2622-173X
pISSN - 0854-4530
DOI - 10.32477/jkb.v28i2.207
Subject(s) - nonprobability sampling , stock exchange , market liquidity , leverage (statistics) , dividend policy , dividend , population , business , financial economics , econometrics , economics , actuarial science , business administration , statistics , finance , mathematics , demography , sociology
This study aims to analyze the factors that influence the decision making ofhedging with derivative instruments in manufacturing companies withMiscellaneous Industry sectors on the Indonesia Stock Exchange 2015-2018.The factors include: Leverage, Liquidity, Growth Opportunities, ManagerialOwnership, Dividend Policy The analytical method used in this study is the logisticregression method. The population of this research is the Miscellaneous IndustrySector Company. By using purposive sampling technique, there are 22 companieswith 4 years of observation from 2015-2018, obtained 88 research samples.Basedon the results of the study of the five independent variables on the dependentvariable, the variable liquidity, growth opportunity, managerial ownership showedthe results had a significant effect on hedging decisions with derivativeinstruments. Other variables such as leverage and dividend policy have nosignificant effect on hedging decisions with derivative instruments.