Analysis of the factors that influence income smoothing practices in manufacturing companies in Indonesia stock exchange on 2007-2011

Mar’a Elthaf Ilahiyah

ABSTRACT

The present research examines the factors affecting income smoothing of listed in manufacturing companies in Indonesia stock exchange on 2007-2011.The effects of profitability, leverage, size company, growth and devident payout ratio of income smoothing are examined. Eckel Index is used to measure the income smoothing, Profitability is measured by ratio before tax net profit to total assets, financial leverage is measured by debt to total assets ratio, companies sizes are measured by total assets,growth is measured by comparing maximum total assets with minimum total assets and dividend pay out ratio by comparing dividend per share with earnings per share.

Totally, 34 firm research sample in Indonesia Stock Exchange during 2007- 2011are studied. Statistical method used multiple linear regressions with results that profitability, leverage,size company, growth and dividend pay out ratiohave positive and significant impact on income smoothing practices.

Key Word: Income smoothing, profitability, leverage, size company, growth, devident payout ratio.

Analisis Faktor-faktor yang Berpengaruh Terhadap Praktik Perataan Laba (Income Smoothing) pada Perusahaan Manufaktur di Bursa Efek Indonesia 2007-2011.

Mar’a Elthaf Ilahiyah

ABSTRAK

Penelitian ini menguji beberapa faktor yang berpengaruh terhadap praktik perataan laba pada perusahaan manufaktur yang terdapat di Bursa Efek Indonesia pada tahun 2007-2011. Profitabilitas, leverage, ukuran perusahaan, pertumbuhan perusahaan dan devident payout ratio telah diujikan. Indeks Eckel digunakan untuk mengukur perataan laba, profitabilitas diukur dengan ROA, leverage diukur dengan DER, ukuran perusahaan diukur dengan total asset, pertumbuhan perusahaan diukur dengan membagi total asset maksimum dengan total asset minimum, devident payout ratio diukur dengan DPR.

Terdapat 34 sampel perusahaan manufaktur di Bursa Efek Indonesia pada tahun 2007-2011 yang digunakan dalam penelitian ini. Metode statitistik yang digunakan dalam penelitian ini adalah analisis regresi berganda dengan hasil yang menunjukkan profitabilitas, leverage, ukuran perusahaan, pertumbuhan perusahaan, dan devident payout ratio berpengaruh positif terhadap perataan laba.

Kata Kunci: perataan laba, profitabilitas, leverage, ukuran perusahaan, pertumbuhan perusahaan, dan devident payout ratio.