@misc{eprints62493,
           title = {ANALISIS PENGARUH LEVERAGE, PROFITABILITAS, GROWTH 
OPPORTUNITY, FIRM SIZE, LIKUIDITAS, DAN DIVIDEND POLICY
TERHADAP KEPUTUSAN HEDGING DENGAN FINANCIAL DISTRESS
SEBAGAI VARIABEL MODERASI},
          author = {12/24/2021 9:30:40	Darasorayaoktavia@gmail.com	DARA SORAYA OCTAV 12/24/2021 9:30:40	Darasorayaoktavia@gmail.com	DARA SORAYA OCTAV},
         address = {UNIVERSITAS LAMPUNG},
       publisher = {FAKULTAS EKONOMI DAN BISNIS},
            year = {2021},
             url = {http://digilib.unila.ac.id/62493/},
        abstract = {ABSTRAK
ANALISIS PENGARUH LEVERAGE, PROFITABILITAS, GROWTH 
OPPORTUNITY, FIRM SIZE, LIKUIDITAS, DAN DIVIDEND POLICY
TERHADAP KEPUTUSAN HEDGING DENGAN FINANCIAL DISTRESS
SEBAGAI VARIABEL MODERASI
Oleh
WAHYU FITRIANTO
Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh leverage, 
profitabilitas, growth opportunity, firm size, likuiditas, dan dividend policy terhadap 
keputusan hedging. Penelitian ini menggunakan financial distress sebagai variabel 
moderasi. Populasi dalam penelitian ini adalah seluruh perusahaan industri 
manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2015-2020. Sampel dalam 
penelitian ini diperoleh sebanyak 27 perusahaan dengan menggunakan metode 
purposive sampling. Teknik analisis yang digunakan adalah moderated regression 
analysis (MRA) dengan tingkat signifikansi alpha 5\%.
Hasil pengujian secara parsial menunjukkan bahwa firm size berpengaruh positif 
terhadap keputusan hedging. Sedangkan profitabilitas, growth opportunity firm 
size, likuiditas, dan dividend policy tidak berpengaruh terhadap keputusan hedging. 
Hasil uji moderated regression analysis (MRA) pada penelitian ini adalah financial 
distress memoderasi leverage, likuiditas, dan dividend policy terhadap keputusan 
hedging.  Sedangkan  financial distress tidak memoderasi profitabilitas,  growth 
opportunity, dan firm size terhadap keputusan hedging.
Kata kunci: Hedging, instrumen derivatif, manajemen risiko.
ABSTRACT
ANALYSIS ON EFFECT OF LEVERAGE, PROFITABILITY, GROWTH 
OPPORTUNITY, FIRM SIZE, LIQUIDITY, AND DIVIDEND POLICY ON 
HEDGING DECISIONS WITH FINANCIAL DISTRESS AS 
MODERATING VARIABLE
By
WAHYU FITRIANTO
This study aims to determine and analyse the effect of leverage, profitability, 
growth opportunity, firm size, liquidity, and dividend policy on hedging decisions. 
This study uses financial distress as a moderating variable. The population in this 
study are all manufacturing industrial companies listed on the Indonesia Stock 
Exchange in 2015-2020. The sample in this study was obtained as many as 27 
companies using purposive sampling method. The analysis technique used is 
moderated regression analysis (MRA) with a significance level of 5\% alpha.
Partial test results show that firm size has a positive effect on hedging decisions. 
Meanwhile, profitability, growth opportunity, firm size, liquidity, and dividend 
policy have no effect on hedging decisions. The results of the moderated regression 
analysis (MRA) test in this study are that financial distress moderates leverage, 
liquidity, and dividend policy on hedging decisions. Meanwhile, financial distress 
does not moderate profitability, growth opportunity, and firm size on hedging 
decisions.
Keywords: Hedging, derivative instrument, risk management.}
}