Title: THE EFFECT OF HEDGING ON COMPANY VALUE AND COMPANY PERFORMANCE

Authors: ENDAH DIAN PURWATI

Affiliations: Masters Program in Accounting, Faculty of Economics and Business, Universitas Airlangga , Surabaya, Indonesia

Publisher: Universitas Airlangga

Abstract

This study aims to demonstrate the effect of hedging on firm value and performance. The sample size for this study was 565 manufacturing companies listed on the Indonesia Stock Exchange during the 2013-2017 period. The sampling method used in this study was purposive sampling, while the data source was secondary data from annual reports obtained from the official website of the Indonesia Stock Exchange. The data analysis used in this study used panel data linear regression using the Eviews 8.0 program. The results of this study indicate that hedging has a positive effect on firm value, but a negative effect on firm performance, which in this study is represented by the ROS ratio.

Keywords: hedging, value

Sources: http://repository.unair.ac.id/86234/