Pengaruh Ukuran Perusahaan, Kepemilikan Institusional, Likuiditas, Leverage, dan Profitabilitas terhadap Keputusan Hedging pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2018-2020

Abstract

This research aims to determine the effect of firm size, institutional ownership, liquidity, leverage, and profitability on hedging decisions in banking companies listed on Indonesia Stock Exchange for the year 2018-2020. This research is a comparative causal research in which the population consists of 43 banking companies listed on Indonesia Stock Exchange. The sampling method used was the total sampling method and the number of observations obtained was 129 (3x43). This research also used logistic regression analysis as the data analysis technique. The results of this research show that firm size has a positive and significant effect on hedging decision, institutional ownership has a negative but not significant effect on hedging decision, liquidity has a negative and significant effect on hedging decision, leverage has a negative and significant effect on hedging decision, and profitability has a negative but not significant effect on hedging decision.