Pengaruh Financial Distress, Growth Opportunity, Firm Size, dan Managerial Ownership Terhadap Keputusan Hedging pada Perusahaan Bumn Nonkeuangan di Bursa Efek Indonesia Periode 2017-2022

Abstract

This study aims to determine the influence of financial distress, growth opportunity, firm size, and managerial ownership on hedging decisions in non-financial BUMN companies listed on the Indonesia Stock Exchange. This research is quantitative. The data used were obtained from the companies' annual reports published on the official Indonesia Stock Exchange website and the companies' official websites during the study period. The population of this study consists of BUMN companies listed on the Indonesia Stock Exchange from 2017 to 2022, totaling 27 companies. Based on the predetermined sample criteria, the number of companies sampled in this study is 14. The data analysis method used is logistic regression with SPSS. The results of this study indicate that, simultaneously, financial distress, growth opportunity, firm size, and managerial ownership have a significant influence on hedging decisions. However, partially, only financial distress has a positive and significant effect on hedging decisions. Meanwhile, growth opportunity, firm size, and managerial ownership do not show a significant effect on hedging decisions.