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://repository.untar.ac.id/id/eprint/39673 |
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