Pengaruh Nilai Perusahaan, Struktur Kepemilikan Profitabilitas, Dividen Payout Ratio, dan Leverage terhadap Income Smoothing Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (Bei) Periode 2018-2021

Abstract

manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2021 period. The factors tested include Firm Value, Ownership Structure, Profitability, Dividend Payout Ratio, and Leverage. This type of research is causal associative. This research is a quantitative research with the type and source of data in the form of secondary data obtained from the website www.idx.co.id. The population in this study is one hundred and ninety four (194) manufacturing companies listed on the Indonesia Stock Exchange during the 2018-2021 period. The sample selection was carried out using purposive sampling method. The first data analysis method is descriptive statistics and then hypothesis testing is carried out. Hypothesis testing is done by Logistic Regression analysis using SPSS software. The results showed that Firm Value had a positive and insignificant effect on Income Smoothing, Ownership Structure had a positive and insignificant effect on Income Smoothing, Profitability had a negative and significant effect on Income Smoothing, Dividend Payout Ratio had a positive and insignificant effect on Income Smoothing, Leverage had a negative effect and not significant to Income Smoothing. The results also show that firm value, ownership structure, profitability, dividend payout ratio and leverage simultaneously have no significant effect on income smoothing.