Pengaruh Leverage, Likuiditas, Growth Opportunity, Firm Size Dan Profitabilitas Terhadap Keputusan Hedging (Studi Pada Sektor Consumer Non-Cyclicals yang tercatat di Bursa Efek Indonesia Tahun 2017-2021)

Abstrak

The study of non-cyclicals consumer sector companies has attracted many people to conduct research. The purpose of this study was to determine the effect of leverage, liquidity, growth opportunity, firm size and profitability on hedging decisions in consumer non-cyclicals sector companies listed on the Indonesia Stock Exchange (IDX) for the 2017-2021 period. This study uses quantitative methods using secondary data. The population in this study are all consumer non-cyclicals sector companies listed on the IDX for the 2017-2021 period. In this study, the sample selection was carried out using a purposive sampling technique and the final sample consisted of 37 companies in the consumer non-cyclicals sector which were registered on the IDX. The application used in data processing used is EViews 12 software and data processing in testing uses logistic regression techniques. The results of the study show that leverage, growth opportunity and profitability have a significant positive effect on hedging decisions. In addition, liquidity and firm size have a significant negative effect on company hedging decisions in the consumer non-cyclicals sector for the 2017-2021 period which are listed on the Indonesia Stock Exchange (IDX).

Kata kunci

• Firm Size
• Liquidity
• Profitability
• growth opportunity
• hedging
• leverage