ANALISIS DETERMINAN HEDGING DENGAN INSTRUMEN DERIVATIF VALUTA ASING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PERIODE 2012-2015

NASHRIN, AHMAD SHOFI (2016) ANALISIS DETERMINAN HEDGING DENGAN INSTRUMEN DERIVATIF VALUTA ASING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PERIODE 2012-2015. S1 thesis, Universitas Negeri Jakarta.

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Abstract

ABSTRACT Ahmad Shofi Nashrin, 2016: Analysis of Hedging Determinants With Foreign Currency Derivative Instruments on Manufacturing Companies Listed on BEI Period 2012-2015. Study Program of , Faculty of Economics, State University of Jakarta. This study is conducted to see the effect of company’s firm size, growth opportunities, leverage and liquidity on the decision of hedging with foreign currency derivative instruments on manufacturing companies listed on Bursa Efek Indonesia (BEI) period 2012-2015. The data that is used on this study is a set of panel data with purposive sampling method, and the criteria for the sample is: (1) manufacturing companies listed on BEI period 2012-2015, (2) manufacturing companies that has transaction exposure (liabilities and/or assets denominated in foreign currency, (3) manufacturing companies that has the data needed for this study. The total sample of this study is 106 companies or 424 observation within 4 years. The data analysis technique that is used on this study is logistic regression with z-statistic as hypotheses testing to test the regression coefficient with an alpha of 5%. The study result shows that firm size, growth opportunities and liquidity positively and significantly affect the decision of hedging with foreign currency derivative instruments, while leverage negatively and insignificantly affect the decision of hedging with foreign currency derivative instruments. Key words : firm size, growth opportunities, leverage, liquidity, hedging, derivative, risk management

Item Type: Thesis (S1)
Additional Information: Pembimbing I: Dr. Gatot Nazir Ahmad, S.Si, M.Si ., Pembimbing II: Dra. Umi Mardiyati, M.Si
Subjects: Teknologi dan Ilmu-Ilmu Terapan (Technology and Applied Science) > Manajemen (Management and Auxiliary Service) > Akuntansi (Accounting)
Teknologi dan Ilmu-Ilmu Terapan (Technology and Applied Science) > Manajemen (Management and Auxiliary Service) > Manajemen Umum (General Management) > Manajemen Perusahaan (Management for Enterprises)
Divisions: Fakultas Ekonomi > S1 Manajemen
Depositing User: Budi Siswanto
Date Deposited: 11 Jan 2018 03:35
Last Modified: 11 Jan 2018 03:35
URI: http://repository.fe.unj.ac.id/id/eprint/2480

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