ANALISIS PENGARUH NPM, ROA, UKURAN PERUSAHAAN DAN FINANCIAL LEVERAGE TERHADAP PRAKTIK PERATAAN LABA (Studi Kasus pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2008-2011)

Abstract

Income smoothing is used by management of manufacture companies to make companies
income stable and not fluctuate over several periode. The aim of this study is to examine the
influence of NPM, ROA, size of the company, and, financial leverage toward practice of income
smoothing among manufacture companies listed on the Indonesian Stock Exchange. This study
uses eckel index to classify companies that do or do not practice income smoothing.
The sample used in this study is 74 manufacturing companies listed on the Indonesian
Stock Exchange within a period of four years beginning in 2008 until 2011 with the selection
method of purposive sampling. Statistical analysis used in this study uses descriptive statistics, and
logistic regression models through multivariate testing.
The results of eckel index showed practice of income smoothing by manufacturing
companies listed on the Indonesian Stock Exchange. Based on the result of logistic regression for
the four independent variables, only financial leverage that have a significant effect on the practice
of income smoothing while the NPM, ROA and size of the company does not significantly influence
the practice of income smoothing.