ANALISIS PENGARUH DER, DPR, DAN ROI TERHADAP PRAKTIK PERATAAN LABA PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEJ

Abstract

This research was designed to examine the income smoothing in Indonesia. Income smoothing can be defined as a means used by management to diminish the variability of stream of reported incomenumbers relative to some perceived target stream by the manipulation of artificial (accounting) and real (transactional) variables (Koch, 1981). The examined factors were Debt to Equity Ratio (DER), Dividend Payout Ratio (DPR), Return On Investment (ROI). The study involved 24 companies listed in Jakarta Stock Exchange, with a period between 2005-2006. The first hypothesis was used to investigate the influence of Debt to Equity Ratio (DER) to income smoothing.The second hypothesis was used to examine the influence of Dividend Payout Ratio (DPR) to income smoothing. The third hypothesis was used to examine the influence of Return On Investment (ROI) to income smoothing. The fourth hypothesis was used to examine the influence of Debt to Equity Ratio (DER), Dividend Payout Ratio (DPR), and Return On Investment (ROI) to income smoothing. The result showed that some of the listed companies at Jakarta Stock Exchange were committed to income smoothing practice. The t-test showed that (1) Debt to Equity Ratio (DER) and Return On Investment (ROI) had significant influence to income smoothing, (2) Dividend Payout Ratio (DPR) didn’t have significant influence to income smoothing. F-test showed that Debt to Equity Ratio (DER), Dividend Payout Ratio (DPR) and Return On Investment (ROI) have significant influence to income smoothing.
Keywords: income smoothing, Debt to Equity Ratio (DER), Dividend Payout Ratio (DPR), Return on Investment (ROI))