ANALISIS PERBANDINGAN PENGGUNAAN TEKNIK HEDGING DENGAN TANPA TEKNIK HEDGING (OPEN POSITION) DALAM MENILAI NILAI HUTANG IMPOR (STUDI KASUS PT.TD AUTOMOTIVE COMPRESSOR INDONESIA)

Abstract

Hedging is one way to minimize the risk of the company resulting from the conduct of foreign exchange that usually arises due to changes in exchange rates fluctuation. There are several types of hedging that can be used by companies in order to protect the value of debt imports. The purpose of this study was to determine whether or not the difference in average debt value of imports when using forward contracts hedging , hedging and money market without using hedging techniques (open position). This study uses 15 import transactions PT.TD Automotive Compressor Indonesia during 2014. The analysis technique used is different test T -test . From the results of this study showed that there was no difference in average value of imports corporate debt when using forward contracts hedging and money market hedging with the open position . And there are differences in the average value of imports corporate debt when using the technique of contract option hedging.