The Effect of Profitability, Leverage, Managerial Ownership, Dividend Policy on Income Smoothing and Audit Quality Moderation
Keywords:
Income Smoothing, Profitability, Leverage, Managerial Ownership, Dividend Policy, Audit QualityAbstract
This study aims to determine the influence of profitability, leverage, managerial ownership, and dividend policy on income smoothing through moderation of audit quality. The sample in this study is financial and banking sector companies listed on the Indonesia Stock Exchange (IDX) during 2018-2022. This study uses a purposive sampling technique, data was obtained from 11 companies so that the sample used was 55 research data. In this study, logistic regression analysis was used using SPSS 27 as a calculation tool. Based on the test results, the variables of profitability, managerial ownership, and dividend policy have no effect on income smoothing, while leverage has a significant positive effect on income smoothing. Meanwhile, the audit quality moderation variable is not able to moderate the influence of leverage and managerial ownership on income smoothing. However, audit quality is able to strengthen the influence of profitability, and dividend policy on income smoothing.
References
Andalawestyas, M., & Ariyanti, T. (2019). Dampak Perataan Laba Terhadap Kualitas Laba Dengan Kualitas Audit Sebagai Variabel Moderasi. Jurnal Akuntansi Dan Keuangan Methodist, 2(2), 154–163.
Angelista Ratih & Arfamaini. (2021). Pengaruh Profitabilitas, Leverage, dan Struktur Kepemilikan Terhadap Tindakan Perataan Laba (Income Smoothing) Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Tahun 2017-2019. Angelista Ratih & Arfamaini, 4(1).
Anita, D. N., Gama, A. W. S., & Warmana, G. O. (2019). Terhadap Kinerja Keuangan Sektor Perbankan Yang Terdaftar Di Bursa Efek Indonesia (Studi pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia …. Values, 4(1), 64–76. https://e-journal.unmas.ac.id/index.php/value/article/view/574
Agustin, R., Nurcahyono, N., Sinarasri, A., & Sukesti, F. (2023). Financial Ratio and Stock Returns in Indonesia Equity Markets : A Signaling Theory Approach. International Conference on Business, Accounting, Banking, and Economics, 277–292. https://doi.org/10.2991/978-94-6463-154-8
Alfitri, D. N., Nugroho, W. S., & Nurcahyono, N. (2022). The Effect of Environment Performance, Capital Structure, and Company Size on Financial Performance. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 12(2), 175. https://doi.org/10.26714/mki.12.2.2022.175-184
Anisa, O. N., Agung, R. E. W., & Nurcahyono, N. (2022). Faktor-Faktor yang Mempengaruhi Harga Saham: Berdasarkan Signaling Theory. Jurnal Akuntansi Indonesia, 11(2), 85–95.
Cindy. (2023). Faktor-faktor Yang Mempengaruhi Manajemen Laba Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Tahun 2019-2021. Jurnal Bina Akuntansi, 10(1), 165–186.
Darmawan, I. P. E. (2020). Kualitas Audit Sebagai Pemoderasi Pengaruh Manajemen Laba Terhadap Nilai Perusahaan. Jurnal Akademi Akuntansi, 3(2), 174–190. https://doi.org/10.22219/jaa.v3i2.12269
Devanka, D., Dewa, I., & Kumalasari, P. D. (2022). Analisis Faktor-faktor Yang Mempengaruhi Manajemen Laba Pada Perusahaan Manufaktur Yang Terdaftar Di BURSA EFEK INDONESIA PERIODE 2018-2020. Jurnal Kharisma, 4(1), 85–97.
Ermawati, D., Nurcahyono, N., Sari, D. N., & Fakhruddin, I. (2023). The Dynamic Impact of Intellectual Capital on Firm Value : Evidence from Indonesia. International Conference on Business, Accounting, Banking, and Economics, 1, 246–262. https://doi.org/10.2991/978-94-6463-154-8
Fatimah, M., Yulinartati, & Martiana, N. (2020). Pengaruh Ukuran Perusahaan, Kepemilikan Manajerial, Profitabilitas, dan Financial Leverage terhadap Perataan Laba (Income Smoothing) (Studi Empiris Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2019). Universitas Muhammadiyah Jember,Jember, 1.
Fizabaniyah, R., Nurcahyono, N., Argojuwono, A. D. A., & Hernawati, R. I. (2023). Financial Ratio , Board Diversity and Financial Distress : Evidence from Indonesia. International Conference on Business, Accounting, Banking, and Economics, 1, 307–320. https://doi.org/10.2991/978-94-6463-154-8
Gunawan, B., & Hardjunanto, A. (2020). Determinan Praktik Perataan Laba. Jurnal Akuntansi, 12(2), 178–186. https://doi.org/10.28932/jam.v12i2.2462
Gufranita, N. T., Hanum, A. N., & Nurcahyono, N. (2022). Pengaruh Mekanisme Good Corporate Governance, Kinerja Keuangan, dan Kualitas Audit Terhadap Ketepatan Waktu Pelaporan Keuangan: Studi Pada Perusahaan Manufaktur. Prosiding Seminar Nasional UNIMUS, 5, 216–230.
Handayani, J. R., Nurcahyono, N., Saadah, N., & Winarsih. (2023). Hexagon Fraud : Detection of Fraudulent Financial Statement in Indonesia. International Conference on Business, Accounting, Banking, and Economics, 1, 263–276. https://doi.org/10.2991/978-94-6463-154-8
Hasty, A. D., & Herawaty, V. (2017). Pengaruh Struktur Kepemilikan, Leverage, Profitabilitas Dan Kebijakan Dividen Terhadap Manajemen Laba Dengan Kualitas Audit Sebagai Variabel Moderasi. Media Riset Akuntansi, Auditing & Informasi, 17(1), 1–16. https://doi.org/10.25105/mraai.v17i1.2023
Hastuti, I. N., Ery Wibowo, R., & Nurcahyono, N. (2024). The Effect of Capital Adequacy Ratio, Non-Performing Loan and Debt Equity Ratio on Financial Performance. Economics and Business International Conference, 1(1), 13–24. www.idx.co.id
Herianto, R. O., Alfiana, B. Z., Apriliyanti, F., Nurcahyono, N., Jatiningsih, D. E. S., & Wijayanti, P. (2023). What is The Company’s Motivation for Doing CSR? An Analysis of Manufacturing Companies. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 13(2), 209. https://doi.org/10.26714/mki.13.2.2023.209-217
Inaya, izzaty. (2021). The Influence Of Cash Holding, Profitability, And Institutional Ownership On Income Smoothing. IJATB, 2(1), 51–67. https://journal.unsika.ac.id/index.php/IJATB
Khasanah, L., Nugroho, W. S., & Nurcahyono, N. (2022). The Effect of Liquidity, Leverage, Company Size and Fixed Asset Intensity on Tax Aggressiveness. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 12(2), 154. https://doi.org/10.26714/mki.12.2.2022.154-163
Kristianingrum, A., Sukesti, F., & Nurcahyono, N. (2022). Pengaruh Mekanisme Good Corporate Governance, Kinerja Keuangan, dan Struktur Modal terhadap Pengungkapan Sustainability Report. Prosiding Seminar Nasional UNIMUS, 5, 432–444.
Lausiri, N., & Nahda, K. (2022). Pengaruh Rasio Likuiditas, Leverage dan Profitabilitas terhadap Kondisi Financial Distress dengan Kepemilikan Manajerial sebagai Variabel Moderasi (Vol. 01, Issue 05). https://journal.uii.ac.id/selma/index
Muhthadin, M. Al, & Hasnawati, H. (2022). Pengaruh Kepemilikan ManajerialL, Profitabilitas Dan Leverage Terhadap Manajemen Laba. Jurnal Ekonomi Trisakti, 2 (2), 1799–1812. https://doi.org/10.25105/jet.v2i2.14696
Musyafa, K. A., & Kholilah, K. (2023). Cash Holding, Financial Leverage, Profitability, Firm Size, Income Smoothing: Moderating Managerial Ownership. E-Jurnal Akuntansi, 33(4), 1085. https://doi.org/10.24843/eja.2023.v33.i04.p15
Nafiesah Lubis, R. (2023). The impact of profitability, leverage, managerial ownership, and dividend payout ratio on income smoothing. Jurnal Akuntansi Dan Auditing Indonesia, 27(1), 2023. https://doi.org/10.20885/jaai.vol27.i
Nugrahani, T. S., Kusuma, H., Arifin, J., & Muhammad, R. (2023). Determining factors of sustainability report using the institutional isomorphism theory approach. Jurnal Akuntansi & Auditing Indonesia, 27(1), 1–10. https://doi.org/10.20885/jaai.vol27.iss1.art1
Nurcahyono, N., Hanum, A. N., & Sukesti, F. (2021). COVID 19 Outbreak and Stock Market Return: Evidence from Indonesia. Jurnal Dinamika Akuntansi Dan Bisnis, 8(1), 47–58. https://doi.org/10.24815/jdab.v8i1.18934
Nurcahyono, N., & Sinarasri, A. (2023). Earnings Management as an Finance Strategy for Company Image. Jurnal Proaksi, 10(3), 337–351. https://doi.org/10.32534/jpk.v10i3.4476
Pertiwi, Putra, & Sunarwijaya. (2021). Pengaruh Profitabilitas, Leverage, Kepemilikan Manajerial Dan Kepemilikan Institusional Terhadap Manajemen Laba. JURNAL KARMA (Karya Riset Mahasiswa Akuntansi), 1(6), 1889–1894.
Permatasari, M., Nurcahyono, N., Bilqis, L. K., & Nugroho, W. S. (2023). The Effect of Good Corporate Governance and Financial Ratios on Financial Distress. International Conference on Business, Accounting, Banking, and Economics, 1(1), 321–336. https://doi.org/10.2991/978-94-6463-154-8
Rahma, A. M., Nurcahyono, N., & Sinarasri, A. (2022). Moderating Effects of Institutional Ownership on the Relation Between Capital Structure. International Conference on Business, Accounting, Banking, and Economics, 1, 293–306. https://doi.org/10.2991/978-94-6463-154-8
Roqijah, I., Nugroho, W. S., & Nurcahyono, N. (2022). The Effect of Profitability, Operating cash flow, Economic Value Added and Firm Size on Stock Return. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 12(2), 164. https://doi.org/10.26714/mki.12.2.2022.164-174
Setiawan, A., A.S, R. E. W., & Nurcahyono, N. (2021). Kenaikan anggaran belanja pemerintah selama periode tahun 2015 sampai periode tahun 2019 untuk sektor pembangunan infrastruktur seharusnya berdampak pada meningkatnya proyek yang dikerjakan oleh perusahaan sektor property , real estate , and construction. Jurnal Ekonomi Dan Bisnis STIE Anindyaguna, 3(2), 206–224.
Setiawan, A., Wibowo, R. E., & Nurcahyono, N. (2021). Pengaruh Tax Avoidance, Manajemen Laba, Komisaris Independen, dan Komite Audit. Jurnal Ilmu Manajemen Retail (JIMAT), 2(1).
Sukesti, F., Ghozali, I., Fuad, F., Almasyhari, A. K., & Nurcahyono, N. (2021). Factors Affecting the Stock Price: The Role of Firm Performance. Journal of Asian Finance, Economics and Business, 8(2), 165–173. https://doi.org/10.13106/jafeb.2021.vol8.no2.0165
Setiowati, D. P., Salsabila, N. T., & Eprianto, I. (2023). Pengaruh Ukuran Perusahaan, Leverage, Dan Profitabilitas Terhadap Manajemen Laba. Jurnal Economina, 2(8), 2137–2146. https://doi.org/10.55681/economina.v2i8.724
Sinta. (2020). Pengaruh Risiko Keuangan, Dividen, Kepemilikan Manajerial dan Reputasi Auditor Terhadap Perataan Laba. Jurnal Akuntansi Bisnis, 18(1), 20–31.
Timoty, N. F. M., Nurcahyono, N., Yasaputri, K., & Jatiningsih, D. E. S. (2023). Predicting the Risk of Financial Distress Using Intellectual Capital and Financial Ratio. In International Conference on Business, Accounting, Banking, and Economics (Vol. 1, pp. 228–245). International Conference on Business, Accounting, Banking, and Economics. https://doi.org/10.2991/978-94-6463-154-8_22
Utami, & Novitasari. (2023). Pengaruh Profitabilitas, Kepemilikan Manajerial, Ukuran Perusahaan, dan Leverage terhadap Manajemen Laba (Studi Empiris pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia). Universitas Mercu Buana Yogyakarta, 7(1), 1744–1750.
Videsia, Y., Wibowo, R. E., & Nurcahyono, N. (2022). Pengaruh Profitabilitas Dan Ukuran Perusahaan Terhadap Ketepatan Waktu Pelaporan Keuangan. Review of Applied Accounting Research, 9(2), 219–228. https://doi.org/10.32534/jpk.v9i2.2407
Wahyuni, Abbas, Hidayat, & Anggraeni. (2023). Pengaruh Leverage, Umur Perusahaan, Kepemilikan Manajerial, Dan Kepemilikan Institusional Terhadap Perataan Laba. JUPSIM (Jurnal Publikasi Informasi Dan Manajemen Bisnis), 2(1), 29–41.
