Faktor-Faktor Yang Mempengaruhi Probabilitas Keputusan Hedging Pada Perusahaan Perbankan Yang Terdaftar di Bursa Efek Indonesia

Abstract

This study aims to determine the effect of Exchange Rates, Interest Rates and Foreign Debt on probability of Hedging Decision in Banking Companies Listed on the Indonesia Stock Exchange. The population of this study were 47 banks listed on the Indonesia Stock Exchange. The sampling method used was the purposive sampling method, 23 sample banks were obtained for 5 years of observation (2017-2021) with 115 observations. The research data for this study were obtained from published financial reports from each bank's website and data downloaded from the BI website, www.bi.go.id. The data analysis technique used is descriptive statistical analysis and logistic regression analysis. The results of this study indicate that Exchange Rate has a positive and insignificant effect on hedging decision, Interest Rates has a negative and insignificant effect on hedging decision, and Foreign Debt has a negative and significant effect on hedging decision in Banking Companies Listed in the Indonesia Stock Exchange for the 2017-2021 period.