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Dampak Penggunaan Derivatif sebagai Instrumen Lindung Nilai terhadap Eksposur Arus Kas Akibat Perubahan Nilai Tukar pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Tahun 2019

Devina, Lidya - ; Dr. Zuliani Dalimunthe, S.E., M.S.M (Pembimbing/Promotor) - ;

This study aims to determine whether the use of derivatives in non-financial companies in Indonesia as a hedging instrument affects the exchange rate risk exposure in 2019. The sample used is non-financial companies listed on the Indonesia Stock Exchange in 2019. Using cross-sectional data, the method used in this study is the Ordinary Least Square (OLS) with a robust standard error to test the hypothesis. This study is using changes in cash flow due to foreign exchange rate accounts. The changes in cash flows due to exchange rates proxy make this research contributes in the form of novelty in measurement. The results of this study do not have sufficient evidence to conclude that the use of derivatives affects the company?s exposure to exchange rate risk. The result was confirmed by the further tests that said there is no difference in the effect between companies that experience an increase in cash flow and companies that experience a decrease in cash flow due to changes in exchange rates. In other words, the result of changes is symmetrical.Ada Tabel


Ketersediaan

Call NumberLocationAvailable
12845PSB lt.2 - Karya Akhir1
PenerbitDepok: Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Indonesia 2021
Edisi-
SubjekCash flow
Hedging
Derivatives
Exchange Rate Risk Exposure
Changes in Cash Flows Due to Exchange Rates
ISBN/ISSN-
Klasifikasi-
Deskripsi Fisikxvi, 62 p. ; diagr. ; 30 cm
Info Detail Spesifik-
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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