PERSEPSI DIMENSI INCOME SMOOTHING TERHADAP MOTIVASI INVESTOR DALAM BERINVESTASI DI BURSA EFEK JAKARTA STUDI PADA INVESTOR DI JAWA TENGAH & DIY
Abstract: The research is
aimed at examining the effect of income smoothing (real, artificial and
classificatory smoothing) on the investor’s motivation to invest their money in
the company registered in JSX (Jakarta Stock Exchange), both partially and simultaneously.
This research hopefully contributes to relatively new knowlegde to the
academics, especially the impact caused by the management behavior in
conducting income smoothing. Moreover, for the management of the company listed
in JSX, they will be able to settle the policies aiming the value and
organizational continues improvement. While for the investors, the research’s
results would be one of the consideration in making investment decision. The
research tested hypotheses by using multiple regression analysis model.
Furthermore, t test was used to test partially, the effect of income smoothing
dimension on investor motivation. While for simultaneous test, F test was
applied. Hypotheses testing was conducted by using research sample of 107
investors registered in 16 securities companies in Central Java and D.I.
Yogyakarta region, precisely in three major cities; Semarang, Solo and
Yogyakarta.
The research result shows that income smoothing through actual
transaction (real smoothing) and income smoothing through procedure or
accounting method (artificial smoothing) do not have any effects on investor
motivation to invest. On the contrary, investors do not respond to the income
smoothing act by using both dimension mentioned. But in the other side, this research
shows that income smoothing through elements classification in the income
statement (classificatory smoothing) affects the investor motivation to invest
in the companies listed in JSX.
Keywords: real, artificial and
classificatory smoothing, investor motivation, JSX
Penulis: Mursalim
Kode Jurnal: jpakuntansidd060026
