Penggunaan Hedging oleh Perusahaan Telekomunikasi yang Tercatat Pada Bursa Efek Indonesia

Ahmad, Basyid; Siregar, Hermanto; Maulana, Tb Nur Ahmad

doi:10.17358/jabm.3.3.435

Cited by 3 publications

(4 citation statements)

References 8 publications

(10 reference statements)

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“…The results of this study are supported by research conducted by (Ahmad et al, 2017) which states that decisions are hedging not able to moderate the effect of leverage on firm value.…”

Section: Decision Hedging Cannot Moderate the Effect Of Leverage On C...supporting

confidence: 74%

Effect of Leverage and Firm Size on Company Value With Exchange Rate and Hedging Decision as Moderation Variable (Case Study on Non-Financial Companies Listed on Indonesia Stock Exchange Period 2017-2018)

Siswanto

Promalessy

Fitri

2021

IJEBA

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In general, the value of a company is a description of the condition of the company, whether it is in good condition or not. In this research, exchange rates and hedging are moderating variables for various variables that affect company value, namely leverage and firm size variables. The purpose of this research is to determine the effect of each variable on firm value in non-financial companies on the Indonesia Stock Exchange in 2017-2018. The sampling technique used was purposive sampling with the amount of 285 companies. The research hypothesis was tested by using the Structural Equation Model (SEM) approach based on Partial Least Square (PLS). The results show that the exchange rate can moderate the leverage and firm size on firm value, hedging cannot moderate the leverage but can moderate the firm size on firm value.

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“…The results of this study are supported by research conducted by (Ahmad et al, 2017) which states that decisions are hedging not able to moderate the effect of leverage on firm value.…”

Section: Decision Hedging Cannot Moderate the Effect Of Leverage On C...supporting

confidence: 74%

Effect of Leverage and Firm Size on Company Value With Exchange Rate and Hedging Decision as Moderation Variable (Case Study on Non-Financial Companies Listed on Indonesia Stock Exchange Period 2017-2018)

Siswanto

Promalessy

Fitri

2021

IJEBA

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“…The profitability is proxied with Return on Equity (ROE) following Ahmad et al (2017), Dang et al (2019), Hertina et al (2019), Murni et al (2019). ROE is used to measure profitability because it can show the return obtained by a company from its owned equity using the following formula:…”

Section: Methods and Datamentioning

confidence: 99%

“…Profitability shows management's ability to generate profit which is the main attraction for investors. It is used as a control variable because it has a significant impact on firm value based on the findings of Dang et al (2019), Utomo (2016), Hertina et al (2019), andAhmad et al (2017). Firm size portrays management's ability to develop the company being managed.…”

Section: Does Investors Respond To Tax Avoidance and Tax Risk? Stewardship Perspectivementioning

confidence: 99%

Does Investors Respond to Tax Avoidance and Tax Risk? Stewardship Perspective

Firmansyah

Widodo²

2021

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This study investigates the association of tax avoidance and tax risk with investor responses regarding firm value in Indonesia. The methodology of this study is the quantitative method. The secondary data were sourced from companies' financial statements and stock prices in the consumer goods industry sector listed on the Indonesia Stock Exchange from 2017 to 2019, obtained from www.idx.co.id, www.idnfinancials.com, and www.finance.yahoo.com. Based on purposive sampling, the number of samples in this study amounted to 78 observations. Hypothesis testing employed in this study is multiple regression analysis for panel data. This study suggests that tax avoidance is positively associated with firm value, but tax risk is negatively associated with firm value. Tax avoidance is an activity that can align the interests of shareholders. Meanwhile, tax risk tends to occur beyond the control of managers so that managers cannot take advantage of tax risk to support the interests of shareholders. This study indicates that the Financial Services Authority needs to coordinate with the Indonesian Tax Authority in improving regulations related to tax avoidance by issuers in Indonesia.

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“…Dalam penelitian yang dilakukan oleh Wijayani & Harsanti (2020) mengenai firm size, ditemukan bahwa ukuran perusahaan memiliki pengaruh positif terhadap aktivitas hedging. Temuan tersebut sejalan dengan penelitian sebelumnya oleh Karina & Rahyuda (2019), dan Mahasari & Rahyuda (2020) yang juga menunjukkan pengaruh positif terhadap aktivitas hedging tetapi terdapat perbedaan hasil penelitian pada penelitian dan Ahmad et al (2017) yang menyatakan berpengaruh negatif. H2: Firm size berpengaruh positif terhadap aktivitas hedging dengan instrumen derivatif.…”

Section: Pendahuluanunclassified

Leverage, Firm Size, Likuiditas, Financial Distress, dan Aktivitas Hedging Dengan Instrumen Derivatif

Condronegoro,

Hasibuan

2023

E-Jurnal Akuntansi

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This research aims to determine the effect of leverage, firm size, liquidity and financial distress on hedging activities in textile and garment subsector companies listed on the Indonesia Stock Exchange due to unstable exchange rate changes. The sample method used is purposive sampling with 65 observations collected during the 2017-2021 period. The secondary data used is obtained from the company's financial reports available on the website of the Indonesia Stock Exchange (IDX) and other sources. Data analysis was performed using logistic regression method. The findings of this research show that leverage does not have a significant influence on hedging activities, while firm size and financial distress have a positive influence on hedging activities, and liquidity has a negative influence on hedging activities. Keywords: Leverage; Firm Size; Liquidity; Financial Distress; Hedging Activities

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Penggunaan Hedging oleh Perusahaan Telekomunikasi yang Tercatat Pada Bursa Efek Indonesia

Abstract: The aims of this research were to have a comprehensive understanding on hedging implementation in telecommunication companies and to comprehend the impact

Cited by 3 publications

References 8 publications

Effect of Leverage and Firm Size on Company Value With Exchange Rate and Hedging Decision as Moderation Variable (Case Study on Non-Financial Companies Listed on Indonesia Stock Exchange Period 2017-2018)

Effect of Leverage and Firm Size on Company Value With Exchange Rate and Hedging Decision as Moderation Variable (Case Study on Non-Financial Companies Listed on Indonesia Stock Exchange Period 2017-2018)

Does Investors Respond to Tax Avoidance and Tax Risk? Stewardship Perspective

Leverage, Firm Size, Likuiditas, Financial Distress, dan Aktivitas Hedging Dengan Instrumen Derivatif

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