{"title":"套期保值政策的决定因素分析(以非金融公司为例)","authors":"Marinus Vito Winasseto, W. Utami","doi":"10.36348/sjbms.2019.v04i10.004","DOIUrl":null,"url":null,"abstract":"Hedging is one of the alternatives used to minimize risk in the company, especially the risk due to exchange rate fluctuations. It is possible to conduct hedging activities to protect the company from the risk of exchange rate fluctuations. The purpose of this study was to determine the effect of growth, leverage firm size, cash flow and liquidity of the hedging decision on non-financial companies. In this study, measurement companies use hedging or not will be seen in the annual financial statements. The object used in this study were non-financial companies listed in Indonesia Stock Exchange for the period 2015-2017. The analytical method is multiple regression. The results showed that leverage has a significant effect on hedging activity. The cash flow has a negative and significant effect on hedging activity.","PeriodicalId":277639,"journal":{"name":"Saudi Journal of Business and Management Studies","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Determinant Analysis of Hedging Policy (Study on Non-Financial Company)\",\"authors\":\"Marinus Vito Winasseto, W. Utami\",\"doi\":\"10.36348/sjbms.2019.v04i10.004\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Hedging is one of the alternatives used to minimize risk in the company, especially the risk due to exchange rate fluctuations. It is possible to conduct hedging activities to protect the company from the risk of exchange rate fluctuations. The purpose of this study was to determine the effect of growth, leverage firm size, cash flow and liquidity of the hedging decision on non-financial companies. In this study, measurement companies use hedging or not will be seen in the annual financial statements. The object used in this study were non-financial companies listed in Indonesia Stock Exchange for the period 2015-2017. The analytical method is multiple regression. The results showed that leverage has a significant effect on hedging activity. The cash flow has a negative and significant effect on hedging activity.\",\"PeriodicalId\":277639,\"journal\":{\"name\":\"Saudi Journal of Business and Management Studies\",\"volume\":\"1 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2019-10-31\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Saudi Journal of Business and Management Studies\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.36348/sjbms.2019.v04i10.004\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Saudi Journal of Business and Management Studies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.36348/sjbms.2019.v04i10.004","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Determinant Analysis of Hedging Policy (Study on Non-Financial Company)
Hedging is one of the alternatives used to minimize risk in the company, especially the risk due to exchange rate fluctuations. It is possible to conduct hedging activities to protect the company from the risk of exchange rate fluctuations. The purpose of this study was to determine the effect of growth, leverage firm size, cash flow and liquidity of the hedging decision on non-financial companies. In this study, measurement companies use hedging or not will be seen in the annual financial statements. The object used in this study were non-financial companies listed in Indonesia Stock Exchange for the period 2015-2017. The analytical method is multiple regression. The results showed that leverage has a significant effect on hedging activity. The cash flow has a negative and significant effect on hedging activity.
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