The Effect Of Size Company, Profitability, Financial Leverage and Dividend Payout Ratio on Income Smoothing in The Manufacturing Companies Listed in Indonesia Stock Exchange Period 2010-2013
Abstract: This study aims to
identify and analyze the effect of firm size, profitability, financial
leverage, and dividend payout ratio on income smoothing in the manufacturing
companies listed in Indonesia Stock Exchange period 2010-2013. The first
hypothesis is firm size has positive effect on income smoothing, the second
hypothesis is profitability has positive effect on income smoothing, the third
hypothesis is financial leverage has positive effect on income smoothing, and
the fourth hypothesis is dividend payout ratio has positive effect on income
smoothing. Measurement of income smoothing is based on the Eckel Index. The
sample in this study is manufacturing companies that listed in Indonesia Stock
Exchange period 2010-
2013. Sampling using purposive sampling in order to obtain a total sample
of 27 manufacturing companies that meet the criteria of the study sample set.
Company size is measured by total assets, profitability measured by Net Profit
Margin (NPM), financial leverage measured by Debt to Equity Ratio (DER), and
Dividend Payout Ratio. The technique of data analysis done with the binary
logistic regression analysis using SPSS 18.0 for windows. The results showed
that in firm size, profitability, and financial leverage has positive effect on
income smoothing in the manufacturing companies are listed in the Indonesia
Stock Exchange, while the variable dividend payout ratio does not have effect
on income smoothing in the manufacturing companies are listed in the Indonesia
Stock Exchange.
Penulis: Yunus Fiscal, Agatha
Steviany
Kode Jurnal: jpakuntansidd150619
