Faktor-Faktor yang Mempengaruhi Aktivitas Hedging dengan Instrumen Derivatif Valuta Asing
The objective of the study was to know the factors which influence the hedging activity with foreign currency derivative instruments at non-financial companies listed on the Indonesia Stock Exchange in 2010-2012. The data of the research were secondary data which was downloaded from the Indonesia St...
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| Format: | Article |
| Language: | English |
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Universitas Negeri Semarang
2014-03-01
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| Series: | Jurnal Dinamika Manajemen |
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| Online Access: | https://journal.unnes.ac.id/nju/index.php/jdm/article/view/3651 |
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| author | Fay Guniarti |
| author_facet | Fay Guniarti |
| author_sort | Fay Guniarti |
| collection | DOAJ |
| description | The objective of the study was to know the factors which influence the hedging activity with foreign currency derivative instruments at non-financial companies listed on the Indonesia Stock Exchange in 2010-2012. The data of the research were secondary data which was downloaded from the Indonesia Stock Exchange website. The population of the study was all companies listed in Indonesia Stock Exchange in the period of 2010-2012. There were 77 companies which had the transaction exposure andcomplete data for analysis. From those samples, only 28 companies did hedging activities during the period of observation and 49 companies did not do hedging activities.The data were analyzed by Logistic Regression Analysis to test the hypothesis. The test result showed that analysis model gave the accuracy 79.2% and the research variables; leverage, liquidity, firm size, and financial distress significantly influenced the probability prediction of hedging activity with 5% level of significancy, while the research variables; firm value and growth opportunity did not give significant influence. |
| format | Article |
| id | doaj-art-2879b03c9df04075846db3255e240baa |
| institution | Kabale University |
| issn | 2086-0668 2337-5434 |
| language | English |
| publishDate | 2014-03-01 |
| publisher | Universitas Negeri Semarang |
| record_format | Article |
| series | Jurnal Dinamika Manajemen |
| spelling | doaj-art-2879b03c9df04075846db3255e240baa2025-08-20T03:54:38ZengUniversitas Negeri SemarangJurnal Dinamika Manajemen2086-06682337-54342014-03-015110.15294/jdm.v5i1.36513170Faktor-Faktor yang Mempengaruhi Aktivitas Hedging dengan Instrumen Derivatif Valuta AsingFay Guniarti0Magister Manajemen Universitas Diponogoro Semarang, SemarangThe objective of the study was to know the factors which influence the hedging activity with foreign currency derivative instruments at non-financial companies listed on the Indonesia Stock Exchange in 2010-2012. The data of the research were secondary data which was downloaded from the Indonesia Stock Exchange website. The population of the study was all companies listed in Indonesia Stock Exchange in the period of 2010-2012. There were 77 companies which had the transaction exposure andcomplete data for analysis. From those samples, only 28 companies did hedging activities during the period of observation and 49 companies did not do hedging activities.The data were analyzed by Logistic Regression Analysis to test the hypothesis. The test result showed that analysis model gave the accuracy 79.2% and the research variables; leverage, liquidity, firm size, and financial distress significantly influenced the probability prediction of hedging activity with 5% level of significancy, while the research variables; firm value and growth opportunity did not give significant influence.https://journal.unnes.ac.id/nju/index.php/jdm/article/view/3651hedging with foreigncurrency derivativeinstrumentstransaction exposureleverageliquidityfirm sizefinancial distress |
| spellingShingle | Fay Guniarti Faktor-Faktor yang Mempengaruhi Aktivitas Hedging dengan Instrumen Derivatif Valuta Asing Jurnal Dinamika Manajemen hedging with foreign currency derivative instruments transaction exposure leverage liquidity firm size financial distress |
| title | Faktor-Faktor yang Mempengaruhi Aktivitas Hedging dengan Instrumen Derivatif Valuta Asing |
| title_full | Faktor-Faktor yang Mempengaruhi Aktivitas Hedging dengan Instrumen Derivatif Valuta Asing |
| title_fullStr | Faktor-Faktor yang Mempengaruhi Aktivitas Hedging dengan Instrumen Derivatif Valuta Asing |
| title_full_unstemmed | Faktor-Faktor yang Mempengaruhi Aktivitas Hedging dengan Instrumen Derivatif Valuta Asing |
| title_short | Faktor-Faktor yang Mempengaruhi Aktivitas Hedging dengan Instrumen Derivatif Valuta Asing |
| title_sort | faktor faktor yang mempengaruhi aktivitas hedging dengan instrumen derivatif valuta asing |
| topic | hedging with foreign currency derivative instruments transaction exposure leverage liquidity firm size financial distress |
| url | https://journal.unnes.ac.id/nju/index.php/jdm/article/view/3651 |
| work_keys_str_mv | AT fayguniarti faktorfaktoryangmempengaruhiaktivitashedgingdenganinstrumenderivatifvalutaasing |