PENGARUH GROWTH OPPORTUNITY, FIRM SIZE, DAN LIQUIDITY TERHADAP KEPUTUSAN HEDGING PADA PERUSAHAAN PERBAN KAN INDONESIA
Abstract: Hedging is one of
the alternatives used to minimize risk in the company, especially the risk due
to exchange rate fluctuations. The banking company is the company that has the
highest capital sourced from the debt, banking operational activities are also
very close to foreign exchange. So it is possible to conducthedging activities
to protect the company from the risk of exchange rate fluctuations. The purpose
of thisstudy was to determine the effect of growth opportunity, firm size, and
liquidity of the hedging decision onIndonesian banking company. In this study,
measurement companies use hedging or not will be seen in theannual financial
statements. The object used in this study were banking companies listed in
IndonesiaStock Exchange for the period 2012-2015. Sample in this study uses 28
banks by using purposive samplingmethod. This study uses a quantitative
approach and data used secondary data. The analytical methodused is logistic
regression. The results showed that the variable growth opportunity and firm
size have a significant positive effect on hedging decision making. The
liquidity variable did not influence hedging decision in Indonesian banking
company. This study shows that the higher the value of growth opportunity and
firm size will increase the probability of using hedging activity in banking
companies in Indonesia.
Key word: hedging, growth opportunity,
firm size, leverage
Penulis: FRISKA SARAGIH
Kode Jurnal: jpmanajemendd171133
