Berbahayakah Instrumen Derivatif Dalam Konteks Akuntansi?

Mahardika, Dewa Putra Krishna

doi:10.18202/jamal.2018.04.9025

Cited by 3 publications

(3 citation statements)

References 48 publications

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“…This study's results are different from the research result conducted by Bartram et al (2011). According to Mahardika (2018), derivatives have the possibility of a loss of derivative transactions to create new concerns for management, which in the end, management chooses not to use derivative instruments. In this study, almost all companies sampled already have a risk management committee within the company.…”

Section: Discussioncontrasting

confidence: 68%

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Analysis of Factors Affecting Company Using Derivatives

Sriwati

2021

International, J. , Contemporary, account.

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<p>This study aims to determine the factors that influence companies in using derivatives. In this study, the factors studied were the cost of debt, foreign sales, risk management, and corporate governance on the company's decision to use derivatives. The analytical method used in this research is logistic regression analysis using the Statistical Product and Services Solutions software. A total of 60 samples were used in this study, which were 20 companies included in the Corporate Governance Perception Index survey from 2016 to 2018. The Corporate Governance Perception Index survey is a survey conducted by the Indonesian Institute for Corporate Governance. The results of this study indicate that the cost of debt variable has a significant effect on the decision to use derivatives by the company. The corporate governance variable also has a significant effect on the decision to use derivatives by the company. The foreign sales variable in this study does not have a significant effect on the decision to use derivatives by companies. The risk management variable does not have a significant effect on the decision to use derivatives by the company. In this study, there are also control variables, namely firm size and return on assets. In this study, the firm size variable does not have a significant effect on the decision to use derivatives by the company. Meanwhile, the return on assets variable has a significant effect on the decision to use derivatives by the company.</p>

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Section: Discussioncontrasting

confidence: 68%

“…Although the use of derivatives provides benefits to the company, derivatives can also harm company management. If a derivative transaction causes losses, then the use of derivatives will cause new problems so that management can decide not to use derivatives to overcome the risk (Mahardika, 2018).…”

Section: Introductionmentioning

confidence: 99%

Analysis of Factors Affecting Company Using Derivatives

Sriwati

2021

International, J. , Contemporary, account.

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“…The risk is due to exchange rate fluctuations. To avoid the risks, companies can use hedging activities to take advantage of a derivative instrument (Mahardika, 2018).…”

Section: Growth Opportunitymentioning

confidence: 99%

Hedging Decision: Growth Opportunity, Firm Size, and Dividend Policy (Study of BUMN Companies Listed on Indonesia Stock Exchange 2011-2020)

Proceedings of the International Conference on Industrial Engineering and Operations Management

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Hedging is a procedure that can be carried out to protect the company from losses on fluctuations in the rupiah exchange rate against foreign currencies. State-owned companies that conduct transactions with foreign currencies are urged by the Government to hedge to avoid additional debt due to fluctuating exchange rates. This study aims to ascertain the effect of growth opportunity, firm size, and dividend policy simultaneously and partially on the hedging decisions of BUMN companies listed on the Indonesia Stock Exchange for the 2011-2020 period. The secondary data used in this study came from the financial statements and annual reports of BUMN companies registered on the Indonesia Stock Exchange for 2011-2020. The population in this study is BUMN companies listed on the Indonesia Stock Exchange for the period 2011-2020. Purposive sampling was used in this study's sample selection, resulting in the collection of 113 samples from 12 companies between 2011 and 2020. The data analysis techniques used in this study are descriptive statistical analysis and logistic regression analysis. Based on the study's results, it was concluded that growth opportunities, firm size, and dividend policies simultaneously affect hedging. Accordingly, growth opportunity and firm size significantly positively affect hedging decisions in BUMN companies listed on the Indonesia Stock Exchange from 2011-2020. Meanwhile, the dividend policy negatively affects hedging decisions in BUMN companies listed on the Indonesia Stock Exchange from 2011-2020.

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Value relevance of comprehensive income: Tax avoidance and derivative instruments

Firmansyah

Fadlil

Wijaya

et al. 2022

CBSR

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The existence of comprehensive income as the adoption of IFRS, which has been carried out in Indonesia since 2012, has resulted in this figure information as one of the important information used by investors. Company policies originating from operating and non-operating activities can affect financial information quality. This study deals with the effect of tax avoidance and derivative instruments on the value relevance of comprehensive income. Research data is derived from the financial data of non-financial companies listed on the Indonesia Stock Exchange (IDX) from 2012 to 2019, sourced from www.idx.co.id and finance.yahoo.com. This study’s total number of samples is 202 observations through purposive sampling with several criteria. Data in this research is included cross-section data so that the hypothesis testing employed in this research is ordinary least square regression analysis. This study finds that tax avoidance and derivative instruments are not associated with the value relevance of comprehensive income. This study suggests that investors’ investment decisions are not influenced by information on tax avoidance and ownership of derivative instruments. However, tax avoidance is positively associated with value relevance using the book value of equity basis, while derivative instruments ownership is negatively associated with value relevance with the comparable basis.

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Berbahayakah Instrumen Derivatif Dalam Konteks Akuntansi?

Cited by 3 publications

References 48 publications

Analysis of Factors Affecting Company Using Derivatives

Analysis of Factors Affecting Company Using Derivatives

Hedging Decision: Growth Opportunity, Firm Size, and Dividend Policy (Study of BUMN Companies Listed on Indonesia Stock Exchange 2011-2020)

Value relevance of comprehensive income: Tax avoidance and derivative instruments

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