Pengaruh Profitabilitas, Financial Leverage dan Pertumbuhan Perusahaan terhadap Propensity Income Smoothing pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia
Ismed Wijaya, 2011, The Influence of Profitability, Financial Leverage, and Company’s Development on Propensity Income Smoothing in Banking Corporations Which are Registered in The Indonesian Stock Exchange, Under the Guidance of Dr. Muslich Lufti, MBA (Chairman), Dr. Khaira Amalia F, MBA, Ak (Members) A company’s income statement constitutes an important component which is usually used as a means to inform the company’s performance, especially the profit. The information of profit is usually used as the manipulating target managerial opportunists’ actions to maximize their satisfaction although their actions are not detrimental to the shareholders or investors. One of the manipulating actions is income smoothing; that is, an action which is done by management in order to increase market returns. This research gave a description about banking corporations which tend to obtain profit as high as possible. The variables which were studied were profitability, financial leverage, company’s development and their influences on Propensity Income Smoothing. The aim of the research was to know and analyze the influence of profitability, financial leverage, and company’s development on the propensity income smoothing. The theory used in this research was financial report theory, agency theory, information asymmetry theory, signaling theory, earning management theory, and income smoothing theory.The research was conducted in the Indonesian Stock Exchange by using secondary data. The type of the research was descriptive quantitative. The population was 25 banking corporations; 19 of them were used as the saturated samples based on the population target with the selected criteria. The nature of the research was descriptive explanatory. Hypothesis was tested by using logistic regression analytic method with the reliability level of 95 percent. The results of the research showed that partially financial leverage and company’s development did not have any significant influence on the propensity income smoothing, whereas profitability influenced the propensity income smoothing. The test conducted simultaneously showed that profitability, financial leverage, and company’s development influenced the propensity income smoothing which was done by companies registered in the Indonesian Stock Exchange.
Year of publication: |
2011-10-15
|
---|---|
Authors: | Wijaya, Ismed |
Other Persons: | Lufti, Muslich (contributor) ; Amalia F, Khaira (contributor) |
Subject: | Propensity Income Smoothing | Profitability | Financial Leverage | Company’s Development |
Saved in:
freely available