Pengaruh Hedging Risiko Mata Uang Asing, Kebijakan Dividen, Profitabilitas dan Leverage Terhadap Nilai Perusahaan

The purpose of this study was to analyze the effect of foreign currency risk hedging as proxied by Foreign Currency Derivatives (FCD), dividend policy proxied by Dividend Payout Ratio (DPR), profitability proxied by Return on Asset (ROA), and leverage proxied by Debt to Equity Ratio (DER) on firm value. As a firm value, this study uses the proxy Tobin’s Q. This research was conducted using 26 samples of manufacturing companies listed on the Indonesia Stock Exchange from 2014 to 2019. The sampling technique uses purposive sampling. This study uses EViews 9 software with panel data regression. The results indicate that there is an influence between the Dividend Payout Ratio (DPR) and Return on Asset (ROA) on firm value, while Foreign Currency Derivatives (FCD) and Debt to Equity Ratio (DER) have no effect on firm value.