Year: 2024
Type: article
Abstract: This study aims to examine how financial distress affects firm value while using hedging as a kind of mediation. This research model uses stakeholder theory and signal theory. Explanatoryresearch falls under this category. Data was collected from businesses in the consumer goods category listed on the Indonesian Stock Exchange between 2018 and 2020. Regression analytic techniques and Sobel tests are all used in this study to examine the role of hedging as a mediating variable. The findings of this study demonstrate thatfinancial distress significantly affects hedging and corporate value. In addition, the Sobel test's findings demonstrate that hedging mediates the impact of financial difficulty on firmvalue.
Authors: Suwandi Ng, Fransiskus E. Daromes
Institution: Universitas Atma Jaya Makassar
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4407547029