TRANSAKSI DERIVATIF LINDUNG NILAI (HEDGING) PADA BANK BUMN

Dara Nida Utamie

Authors

Dara Nida Utamie Universitas Islam Al-Azhar

Keywords:

Derivatives, Hedging, Bank

Abstract

This study aims to determine the application of hedging derivative transactions at state-owned banks in Indonesia. The research method used in this study is a qualitative approach with content analysis. This study uses the financial statements of 2020. The results show that the state-owned banks, namely BNI, BRI, BTN and Mandiri, are using derivative instruments to hedge. The derivative transactions in question are swaps, spots, forward contracts and options. In addition, the use of derivative instruments in banking is used as risk mitigation. The efforts carried out by state-owned banks are included on a large scale which have more potential to use derivative instruments. The cost of using derivatives is considered a variable cost and usually large-scale companies such as state-owned enterprises have more funds to bear these costs and consider the economic benefits.

Downloads

Download data is not yet available.

References

Abubakar, L & Handayani, T. (2016). Transaksi Lindung Nilai (Hedging) dalam Praktik Perbankan dan Implikasinya terhadap Pembaruan Hukum Kontrak Nasional. Jurnal Rechtidee, Vol. 11. No. 1

Aretz, Kevin and Batram. (2009). Corporate Hedging and Shareholder Value. MPRA Paper No 14088. Lancaster University Management School.

Ayuningtyas, V., Warsini, S., & Mirati, E. (2019). Analisis Faktor yang Mempengaruhi Pengambilan Keputusan Hedging Menggunakan Instrumen Derivatif Valuta Asing. Account, Vol. 6, No. 1.

Bank Indonesia. (2020). Kurs Transaksi Bank Indonesia Mata Uang USD. https://www.bi.go.id/id/statistik/informasi-kurs/transaksi-bi/default.aspx Diakses pada tanggal 2 November 2021.

Fitria, A. (2018). Faktor Pendorong Penggunaan Derivatif: Studi dari Indonesia. Jurnal Samudra Ekonomi Dan Bisnis, Vol. 9, No. 1.

Fraenkel, Jack. R., and Norman E. Wallen. 2007. How to Design and Evaluate Research in Education 9th Edition. Boston: McGraw-Hill Higher Education.

Ikatan Akuntan Indonesia. 2017. Pernyataan Standar Akuntansi Keuangan No. 60.

Ikatan Akuntan Indonesia. 2017. Pernyataan Standar Akuntansi Keuangan No. 55.

Jawapos. (2020). Perjalanan Rupiah, Pernah Terlempar ke Level 16.000-an Akibat Pandemi. https://www.jawapos.com/ekonomi/finance/31/12/2020/perjalanan-rupiah-pernah-terlempar-ke-level-16-000an-akibat-pandemi/. Diakses pada tanggal 2 November 2021.

Jensen, C.M dan W.H. Meckling. 1976. Theory of the Firm: Managerial Behavior, Agency Cost and Ownership Structure. Journal of Financial Economic. Vol. 3, No.4 : 305-360.

Mahendra, T & Firmansyah, A. (2019). Evaluasi Atas Pengungkapan Transaksi Derivatif Lindung Nilai pada Perusahaan Sub Sektor Perbankan Di Indonesia. Jurnal Akuntansi Berkelanjutan Indonesia. Vol. 2, No. 3.

Peraturan Bank Indonesia Nomor 15/8/PBI/2013 tentang Transaksi Lindung Nilai Kepada Bank

Peraturan Bank Indonesia Nomor 8/ 4/PBI/2006 yang sudah diperbaharui Nomor 8/14/2006 tentang pelaksanaan Good Corporate Governance

Peraturan Pemerintah Nomor 12 Tahun 1998 tentang Perusahaan Perseroan.

Peraturan Pemerintah Nomor 12 Tahun 1998 tentang Perusahaan Umum.

Putro, S.H & Chabachib, M. (2012). Analisis Faktor yang Mempengaruhi Penggunaan Instrumen Derivatif sebagai Pengambilan Keputusan Hedging (Studi Kasus pada Perusahaan Automotive and Allied Products yang terdaftar di BEI Periode 2006-2010). Diponegoro Business Review. Vol. 1, No. 1.

Sang, L. Thien, Zatun. K and Zaiton. O. (2013). The Determinants of Corporate Hedging. Journal of Asian Academy of Applied Business. Vol. 2, No1. https://doi.org/10.51200/jaaab.v2i0.960

Satori, D dan Komariah, A . (2009). Metodologi Penelitian Kualitatif. Bandung: Alfabeta.

Shaari, N.A, Nurfadhilah A. H, Yamuna, R.P and Rames, K. M. H.M. (2013). The Determinans of Derivative Usage: A Study of Mallaysian Firms. Interdisciplinary Journal of Contemporary research In Business, Vol. 5, No. 2.

Sundari, E dan Nofryanti. (2019). Pengaruh Derivatif Keuangan dan Financial Lease terhadap Tax Avoidance. Equilibrium Jurnal Pendidikan dan Ekonomi. Vol. 6, No. 2. https://doi.org/10.25134/equi.v16i02.2179.

Undang-Undang Republik Indonesia Nomor 7 Tahun 1992 tentang Perbankan

Utami, H., Sriyanto & Purbasari, I. (2018). Determinasi Keputusan Hedging dengan Instrumen Derivatif Keuangan pada Perusahaan Manufaktur di Bursa Efek Indonesia Periode 2011-2016. Tirtayasa Ekonomika. Vol. 13, No 1.

Verawaty , Ade K.J , Megawati. (2019). Determinan Pengambilan Keputusan Lindung Nilai (Hedging) dengan Instrumen Derivatif Valuta Asing pada Perusahaan Manufaktur. Akuisisi Jurnal Akuntansi. Vol. 15, No. 1.

www.idx.co.id