The Effect of Economic Policy Uncertainty and Leverage on Corporate Risk Taking
Pengaruh Ketidakpastian Kebijakan Ekonomi dan Rasio Utang terhadap Pengambilan Risiko Perusahaan
DOI:
https://doi.org/10.21070/jbmp.v12i2.2303Keywords:
Economic Policy Uncertainty, leverage, risk-taking, Food and Beverage manufacturing companiesAbstract
This study aims to examine the impact of Economic Policy Uncertainty (EPU) and financial leverage on corporate risk-taking within the food and beverage manufacturing sector. Utilizing a quantitative approach, secondary data from publicly listed manufacturing firms were collected and analyzed using IBM SPSS Statistics. The empirical results reveal that neither EPU nor financial leverage has a statistically significant effect on corporate risk-taking. These findings indicate that food and beverage firms possess inherent defensive operational characteristics, enabling them to sustain consistent risk-taking behavior despite external macroeconomic volatility or changes in debt structures. Practically, this implies that management within this sector can maintain stable strategic decision-making and operational planning even during periods of high economic uncertainty, offering valuable insights for stakeholders navigating corporate finance and risk management.
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