iii ABSTRAK
Penelitian ini bertujuan untuk menganalisis pengaruh variabel profitabilitas, leverage, ukuran perusahaan, dan dividend payout ratio terhadap income smoothing. Penelitian ini mengumpulkan bukti-bukti empiris. Sampel yang digunakan dalam penelitian ini adalah perusahaan Wholesale (Grosir) yang terdaftar di Bursa Efek Indonesia, dipilih dengan menggunakan metode purposive random sampling.
Berdasarkan hasil penelitian uji signifikansi pengaruh simultan (uji F), pengaruh simultan dari variabel profitabilitas, leverage, ukuran perusahaan, dan dividend payout ratio terhadap income smoothing diketahui bahwa nilai F hitung
(15,139) ≥ F table (2,52), maka disimpulkan bahwa pengaruh simultan dari seluruh variabel bebas terhadap income smoothing signifikan secara statistika
pada tingkat signifikansi α=0,05. Sementara dari hasil uji signifikansi pengaruh parsial (uji t) variabel ukuran perusahaan berpengaruh signifikan terhadap income smoothing karena t hitung (6,169) > t table (2,00), profitabilitas berpengaruh tidak signifikan terhadap income smoothing dapat dilihat dari t hitung (1,458) < t tabel (2,00), dan dividend payout ratio berpengaruh positif terhadap income smoothing karena t hitung (2,216) > t tabel (2,00), namun hanya ukuran perusahaan dan dividend payout ratio yang berpengaruh signifikan. Diketahui variabel leverage berpengaruh negatif dan signifikan terhadap income smoothing t hitung (-3,069) < t tabel (2,00).
Kata kunci: Profitabilitas, Leverage, Ukuran perusahaan, Dividend payout ratio, Income smoothing
iv ABSTRACT
This study aims to analyze the influence of profitability, leverage, company size and dividend payout ratio toward income smoothing. This study collect empirical evidance. The sample of this study are wholesale companies that are listed on Indonesia stock exchange (BEI), selected with puposive random sampling method.
Based on the result of significancy test of simultaneous effect (F test), the simultaneous effect of profitability, leverage, company size and dividend payout ratio toward income smoothing known that the value of F count (15,139) ≥ F table (2,52),it is concluded that simultaneous effect of all of the independent variable toward income smoothing is statisticly significant on significancy level
α=0,05. While based on significancy test of partial effect (t test) company size significantly affect income smoothing because of the t count (6,169) > t table (2,00), profitability affect income smoothing unsignificantly based on the t count (1,458) < t table (2,00) and dividend payout ratio affect income smoothing positively because the t count (2,216) > t table (2,00). Only company size and dividend payout ratio’s effect are significant. Besides, also found the negative and significant effect of leverage on income smoothing.
Key word: profitability, leverage, company size, dividend payout ratio, income smoothin.
