Mukhtaruddin, Mukhtaruddin and Emilia, Nurhuda and Abu, Kosim (2013) The Relationship between Financial Leverage, Debt Covenant and Dividend Payout Ratio to Income Smoothing Practices (Empirical Study on Companies Listed In Indonesia Stock Exchange on 2006-2011. Proceeding 25th Asian Pacific Conference on Accounting International Issues.
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Abstract
Income smoothing is a deliberate effort in order to minimize fluctuations in the rate of profit according to the company is considered normal. There are many factors influecing why company is doing of income smoothing This research aims to analyze the relationship between financial leverage, debt covenant, and dividend payout ratio to income smoothing practices on companies listed on Indonesia Stock Exchange (IDX) on 2006-2011 periods. The amount of samples for the observation as the results of Eckel Index is 18 companies. Hypothesis tested by t-test to test regression partially and F-test to test regression simultaneously. The regression model used is multiple regressions. The results of research show that financial leverage, debt covenant and dividend payout ratio do not significantly influence income smoothing practices partially and simultaneously. It means the financial aspects have not influence to do of income smoothing. This caused by many limitation of this research such as the amount of variables are few and the amount of samples are only 18 samples because the delimitation of companies observed which excludes manufacturing and banking companies and lists on IDX.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Financial Leverage, Debt Covenant, Dividend Payout Ratio, Income Smoothing |
| Subjects: | H Social Sciences > HG Finance > HG1-9999 Finance |
| Divisions: | 01-Faculty of Economics > 62201-Accounting (S1) |
| Depositing User: | Mukhtaruddin Mukhtaruddin |
| Date Deposited: | 28 Nov 2019 04:48 |
| Last Modified: | 28 Nov 2019 04:48 |
| URI: | http://repository.unsri.ac.id/id/eprint/18921 |
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