Pengaruh Likuiditas, Leverage, Growth Opportunity, Financial Distress dan Firm Size Terhadap Keputusan Hedging (Studi Kasus pada Perusahaan Sektor Pertambangan yang Terdaftar di BEI)

Abstract

This study aims to show the Effect of Liquidity, Leverage, Growth Opportunity, Financial Distress, and Firm Size on Hedging Decisions (Case Study on Mining Sector Companies Listed on the IDX). The population of this study was 44 companies accessing financial reports, and auditor reports through the Indonesia Stock Exchange website. The sampling method used is the Purposive Sampling method, so 34 sample companies were obtained for 5 years of observation (2017-2021) with 170 analysis units. The data analysis method used is the logistic regression method. Based on the results of data processing using the logistic regression method with SPSS 17 software, it is known that Liquidity, Leverage, Growth Opportunity, Financial Distress, and Firm Size together or simultaneously can influence Hedging Decisions by 45.2%, the remaining 54.8%. However, Liquidity is proven to not affect Hedging Decisions.