Hedging: Kajian Teori Perlindungan Resiko Bisnis

Abstract

Hedging is the term used by companies to reduce a firm's exposure to price or rate fluctuation. Hedging also gives a firm time to react and adapt to changing market condition. Hedging cannot change the fundamental economic reality of business, but it could be managed by allowing a firm to avoid expensive and troublesome disruption that might otherwise result from short-run, temporary price fluctuations. This study is about how a company could choose to protect the risks from price or rate fluctuation through hedging that focus on altering the firm's risk profile through buying and selling derivative assets such as future contracts, forward contracts, Swap contracts, and options contracts. These are modern financial management risks that essential to anticipate the rapid changes of volatile price of goods and services in business particularly in facing the international business environment.

Keywords: Hedging, Forward contract, Future contract, Swap, Option, Derivative.