The Analysis of Exposure Economic on the Value of Manufacturing and Mining Industry

Isma Dewi Br Panjaitan, Isfenti Sadalia, Khaira Amalia Fachrudin

2018

Abstract

Economic exposure is a measure of change in exchange rates that effect the company’s value as measured in the present value as measured in the present value of cash flows that aims to maximize shareholder wealth. The purpose of this research is to find out and analyze the effect of the economic exposure of manufacturing and mining company. The independent variables of research are firm size, market to book ratio, quick ratio, export ratio, debt to asset ratio, earning variability and hedging against value companies with economic exposure as intervening variable in Manufacturing and Mining Industry. This research is a statistical study of associative. Method of data collection is done through study of documentation. The Population of this research is the Manufacturing and Mining industries that are listed in the Indonesia Stock Exchange in accordance with the specified criteria as much as 171 companies consisting of 132 manufacturing company and 39 mining companies. Methods of data analysis used is using path analysis software with E-views 7.0. The research of the first substructure is show firm size, market to book ratio, quick ratio, export ratio, debt to asset ratio, earning variability and simultaneously hedging exposure to economics in Manufacturing and Mining companies. The export ratio partially positive and significant effect against the economic exposure. The second substructure result show firm size, market to book ratio, quick ratio, export ratio, debt to asset ratio, earning variability, hedging and economic exposure simultaneously affect the company’s value in manufacturing and mining companies. Partially only debt to asset ratio and earning variability which have positive and significant influence to company value. Economic exposure is not an intervening variables the influence of firm sixe, market to book ratio, quick ratio, the export ratio, debt to asset ratio, earning variability and hedging against the value of the company.

Paper Citation

in Harvard Style

Panjaitan I., Sadalia I. and Fachrudin K. (2018). The Analysis of Exposure Economic on the Value of Manufacturing and Mining Industry.In Proceedings of the 1st Unimed International Conference on Economics Education and Social Science - Volume 1: UNICEES, ISBN 978-989-758-432-9, pages 623-627. DOI: 10.5220/0009509806230627

in Bibtex Style

@conference{unicees18,
author={Isma Dewi Br Panjaitan and Isfenti Sadalia and Khaira Amalia Fachrudin},
title={The Analysis of Exposure Economic on the Value of Manufacturing and Mining Industry},
booktitle={Proceedings of the 1st Unimed International Conference on Economics Education and Social Science - Volume 1: UNICEES,},
year={2018},
pages={623-627},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009509806230627},
isbn={978-989-758-432-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st Unimed International Conference on Economics Education and Social Science - Volume 1: UNICEES,
TI - The Analysis of Exposure Economic on the Value of Manufacturing and Mining Industry
SN - 978-989-758-432-9
AU - Panjaitan I.
AU - Sadalia I.
AU - Fachrudin K.
PY - 2018
SP - 623
EP - 627
DO - 10.5220/0009509806230627