Claudia, Cindy (2016) ANALISIS KEBIJAKAN HEDGING PADA PERUSAHAAN PUBLIK YANG TERDAFTAR DI BURSA EFEK INDONESIA. Skripsi thesis, UNIVERSITAS TARUMANAGARA.
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Abstract
This study examines the influence of financial distress costs,
underinvestment cost, and assets substitution costs on the hedging policy. The
advantage of firms that knowing which variables is most influence the
probability the use of derivative instruments as hedging activities, the firms
could protect themselves from loss. To measure whether there is financial
distress costs is used debt to equity ratio (DER) as a measurement, market to
book value of equity (MBVE) is used as underinvestment costs measurement
of and current ratio is used as assets substitution cost measurement.The
methodology taken is panel data technique. The research using a sample of 41
firms during the period 2008 to 2013. Test results used logistic regressions
model shown that there is a positive significant influence between financial
distress and underinvestment on the hedging policy. While the substitution
assets have a negative significant impact on the hedging policy.
| Item Type: | Thesis (Skripsi) |
|---|---|
| Subjects: | Skripsi/Tugas Akhir Skripsi/Tugas Akhir > Fakultas Ekonomi |
| Divisions: | Fakultas Ekonomi > Manajemen |
| Depositing User: | FE Perpus |
| Date Deposited: | 12 May 2023 02:01 |
| Last Modified: | 12 May 2023 02:02 |
| URI: | http://untar.idwordpres.com/id/eprint/39673 |
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