Pengaruh Nilai Perusahaan, Leverage Dan Financial Distress Terhadap Keputusan Hedging Studi Kasus Pada Perusahaan Sektor Pertambangan Yang Terdaftar Di Bei Tahun 2019-2022
Year: 2025
Type: article
Abstract: financial distress on hedging decisions in mining sector companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2022 period. The method used is a quantitative approach with logistic regression analysis techniques. The sample consisted of 45 companies selected using a purposive sampling method. The independent variables studied include firm value (Market to Book Value), leverage (Debt to Equity Ratio), and financial distress (Altman Z-Score), while the dependent variable is the hedging decision measured using a dummy. The results show that firm value has a positive and significant effect on hedging decisions, while leverage and financial distress have a negative and significant effect. Simultaneously, these three variables have a significant influence on hedging decisions. However, the ability of these three variables to explain hedging decisions is only 7.8%, the rest is influenced by other factors outside the research model. Keywords: Firm Value, Leverage, Financial Distress, Hedging Decisions, Logistic Regression
Institution: Universitas Muhammadiyah Bengkulu
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4413064828