文章基本信息

标题：Do Derivatives Instruments Ownership Decrease Firm Value in Indonesia?
本地全文：下载
作者：Amrie Firmansyah ; Eko Bayu Dian Purnama
期刊名称：Riset Akuntansi dan Keuangan Indonesia
电子版ISSN：2541-6111
出版年度：2020
卷号：5
期号：1
页码：1-9
DOI：10.23917/reaksi.v5i1.9817
语种：English
出版社：Muhammadiyah University Press
摘要：This research aims to examine the association between derivatives instruments and firm value.This research is quantitative research with multiple linear regression models and panel data.The sample employed in this research is non-financial companies listed on the Indonesia Stock Exchange (IDX).The type of data used in this study is secondary data sourced from financial statements,stock price information,and annual reports from 2012 to 2017.The sample selection using a purposive sampling method with the number of samples amounted to 246 firm-year.The result of this study suggests that a derivatives instrument is not associated with firm value.Investors in Indonesia do not consider ownership of derivative instruments by companies whether those are harmful of not for the investment impact.Also,derivatives do not have an official market in Indonesia as well as investors also do not understand the purpose of derivative ownership by companies.
关键词：derivatives;disclosure;firm value