PENGARUH GROWTH OPPORTUNITY, LEVERAGE, FIRM SIZE, FINANCIAL DISTREE, DAN MARKET TO BOOK VALUE TERHADAP AKTIVITAS HEDGING (Studi Empiris Pada Perusahaan Bumn Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2017)

Abstract

This study aims to determine the effect of growth opportunity, leverage, firm size, financial distress, and market to book value of hedging activity.This study uses quantitative research methods, namely research methods that are used to examine the population or a particular sample of data collection using instruments of data analysis research is quantitative or statistical in order to test the hypothesis that has been set. Sample is taken by using purposive sampling technique. Sample amounted to 13 companies from 20 BUMN companies listed on the Stock Exchange 2013-2017, so that the data analyzed research amounted to 65. Data analysis techniques used logistic regression.The result of this study indicate that the growth opportunity and firm size have a positive effect on hedging activity. Leverage have a negative effect on hedging activity. Financial distress and Market to Book Value haven’t effect on hedging activity.