EKSPOSUR NILAI TUKAR DOLAR (US$) PADA PERUSAHAAN MULTINASIONAL DI INDONESIA

Authors

  • Vivilia Wulandari Tarru Mata Universitas Kristen Duta Wacana
  • Perminas Pangeran Universitas Kristen Duta Wacana

Abstract

ABSTRACT

This research was intended to test the dollar (US$) foreign exchange exposure towards the multinational company in Indonesia. This research used theory of hedging policy about the foreign exchange exposure. Foreign exchange exposure could be explained by the company’s internal variables, which are size, dividend payout ratio (DIV), quick ratio (QR), a market-to-book equity ratio (MBE) and long-term debt ratio (DE). The results showed that

the dividend payout ratio and market-to-book equity ratio had an influence on the level of

foreign exchange exposure.

Keywords: foreign exchange exposure, hedging

Author Biographies

Vivilia Wulandari Tarru Mata, Universitas Kristen Duta Wacana

Fakultas Bisnis Universitas Kristen Duta Wacana

Perminas Pangeran, Universitas Kristen Duta Wacana

Fakultas Bisnis Universitas Kristen Duta Wacana

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Published

2017-04-03

Issue

VOL. 11 NO. 02 JULI-DESEMBER 2016

Section

Articles