PERAN INFORMASI AKUNTANSI DALAM KEPUTUSAN HEDGING PADA PERUSAHAAN MANUFAKTUR DI BEI

The research was purposed to find out whether market to book value, leverage, liquidity affect to determine hedging decision by manufacturing company on Indonesian Stock Exchange. The population of this research is manufacturing companies consecutive listed on research period on Indonesian Stock Exchange. By using purposive sampling, sample were taken from the study is including 70 companies with research periodic for 4 years (2011-2014). This research is using logistic regression because the variable was counted with dummy. The research has shown that market to book value is positively affect the significance of hedging decision according to the writer’s hypothesis.While leverage was proxied by debt to equity ratio and liquidity was proxied by current ratio cannot effect the making of hedging decision.

Keywords: hedging, market to book value, leverage (DER, liquidity (CR).