PENGARUH FINANCIAL DISTRESS, GROWTH OPPORTUNITY, FIRM SIZE, MANAGERIAL OWNERSHIP TERHADAP PENGAMBILAN KEPUTUSAN HEDGING (Studi Kasus pada Perusahaan Manufaktur Subsektor Otomotif dan Komponen di Bursa Efek Indonesia Periode 2014-2018)

Amaliyah, Ida and Anhar, Muhammad (2020) PENGARUH FINANCIAL DISTRESS, GROWTH OPPORTUNITY, FIRM SIZE, MANAGERIAL OWNERSHIP TERHADAP PENGAMBILAN KEPUTUSAN HEDGING (Studi Kasus pada Perusahaan Manufaktur Subsektor Otomotif dan Komponen di Bursa Efek Indonesia Periode 2014-2018). PENGARUH FINANCIAL DISTRESS, GROWTH OPPORTUNITY, FIRM SIZE, MANAGERIAL OWNERSHIP TERHADAP PENGAMBILAN KEPUTUSAN HEDGING. pp. 1-16. (Unpublished)

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Abstract

Companies that have risks due to exchange rate fluctuations need to manage these risks, one of which uses hedging. This study aims to determine the effect of financial distress, growth opportunity, firm size, managerial ownership on hedging decision in in the Manufacturing companies Subsector Automotive and Component on the Indonesia Stock Exchange in the 2014-2018 period. This type of research is quantitative, The data analysis technique uses the logistic regression analysis method based on the multicollinearity test, coefficient of determination (R2 McFadden), Likelihood Ratio (LR), and Z statistics, with Eviews 10 software. The population of this research is the Automotive Subsector Manufacturing and Component Manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2014-2018 period. The sample in this study was chosen based on purposive sampling method, with a sample of 9 companies so that the total observations in this study were 45 observations. Panel data used in this study are secondary data from the annual financial statements. Data collection techniques using the method of documentation through the official site IDX: http://www.idx.co.id. Testing hypotheses using the Z test. The results of the study that financial distress and firm size have a positive and significant effect hedging decision, while growth opportunities and managerial ownership have a negative and insignificant effect hedging decision in the Manufacturing companies Subsector Automotive and Component on the Indonesia Stock Exchange in the 2014-2018 period.

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