PRAKTIK INCOME SMOOTHING PERUSAHAAN AUTOMOTIVE DI INDONESIA
Abstract
The objective of this research is to examine factors that influencing income smoothing practice among automotive companies listed at Indonesia Stock Exchange (IDX). The factors being examined were profitability, net profit margin, operating leverage and size. Eckel’s Index (1981) was used to determine the incidence of income smoothing practice with net profit after tax as the object of income smoothing.
The object of income smoothing in this study is the net profit of the company. The samples of this research selected by purposive sampling. The samples were eight companies listed at IDX for eight years period (2002-2009), with total sub samples of 58 financial statements. Multivariate test (logistic regression) were used to identify the factors affecting the income smoothing practice.
The result of Eckel’s Index showed that income smoothing is also practiced by automotive companies listed at IDX. The result of multivariate test (logistic regression) showed that profitability is having significance influence on income smoothing practice and the other side net profit margin, operating leverage and size did not have significant influence to income smoothing.
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