Ahmad, Basyir (2016) Analisis dampak hedging terhadap nilai perusahaan telekomunikasi publik di indonesia. Masters thesis, Institut Pertanian Bogor.
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Abstract
Rupiah is one of the volatile currencies. The volatile could create foreign currency risk to the company. The company such as telecommunication has currency gap which it’s liabilities in foreign currency but income in Rupiah. This could cause negative impact to company’s financial performance. Hedging is an alternative instrument to mitigate foreign currency risk. There were various result of hedging’ studies. In Indonesia, the research of hedging is not often especially related to firm value. Furthermnore this reseach could encourage other new research wishfully. The aims of this research are to have a comprehensive understanding of hedging implementation in telecommunication companies and also to comprehend the impact of hedge to firm value of the company. In this research, hedging is the moderating variabel between independent variabel and dependent variabel. The independent variabels are profit, firm size, leverage, growth, dividend and liquidity. The dependent variabel is firm value. The method is ordinary least square. The sample is 2 telecommunication companies. The data observed are financial data quarterly from 2006 to 2015. The findings show that derivative transactions used as hedge by the company are cross currency swap, forward and option. Furthermore, the use of hedging foreign exchange is not seen to affect firm value for the telecomunication company. This becaused 5 moderating variabels are not significantly affect to the firm value and only 1 moderating variabel is significantly negative affect to the firm value.
| Item Type: | Thesis (Masters) |
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| Additional Information: | 19(E46)Ahm a |
| Uncontrolled Keywords: | lindung nilai, mata uang asing, nilai perusahaan,perusahaan telekomunikasi,transaksi derivatif, time series, ordinary least square, OLS derivative, firm value, foreign exchange, hedge, telecommunication’ company. |
| Subjects: | Manajemen Keuangan |
| Depositing User: | SB-IPB Library |
| Date Deposited: | 03 Apr 2017 03:03 |
| Last Modified: | 16 Oct 2019 07:20 |
| URI: | http://repository.sb.ipb.ac.id/id/eprint/2886 |
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