%0 Generic
%A  ZAKIA AGUSTRI ATIKAH ,  1411011146
%C UNIVERSITY OF LAMPUNG
%D 2018
%F eprints:31134
%I FACULTY OF ECONOMICS AND BUSINESS
%T DETERMINANTS OF HEDGING DECISION WITH DERIVATIVE  INSTRUMENTS IN MANUFACTURING COMPANIES LISTED ON  INDONESIA STOCK EXCHANGE PERIOD 2013-2016
%U http://digilib.unila.ac.id/31134/
%X The purpose of this study was to determine the effect of Growth Opportunity  (GRWTH), Leverage (LEV), Liquidity (LIQ), Firm Size (SIZE), and Financial  Distress (FND) on hedging decision in manufacturing companies in Indonesia Period  2013-2016. The greatest risk of international trade transactions is risk of fluctuations  in foreign exchange rates. Changes in the value of foreign currency that can  unexpectedly significant impact of the company, therefore the company needs to do a  risk management one of which is the hedging decision with derivative instruments.  The population in this study is a companies listed on Indonesia Stock Exchange  Period 2013-2016. The sample in this study amounted to 98 companies by using  purposive sampling. The variables in this study include Growth Opportunity  (GRWTH), Leverage (LEV), Liquidity (LIQ), Firm Size (SIZE), and Financial  Distress (FND). The analytical tool used is the logistic regression analysis. The result  of this study found that the variable Growth Opportunity (GRWTH), Leverage  (LEV), and Firm Size (SIZE) positively affect hedging decision, whereas for the other  variable Liquidity (LIQ) and Financial Distress (FND) does not affect hedging  decision. From the results of logistic regression found that the variable Growth  Opportunity (GRWTH), Leverage (LEV), and Firm Size (SIZE) can explain hedging  decision by 48.9% while the remaining 51.1% explained by variables outside the  study.  Keywords: Hedging Decision, Derivative Instrument, Growth Opportunity,  Leverage, Liquidity, Firm Size, Financial Distress