PENGARUH STRUKTUR KEPEMILIKAN MANAJERIAL, PROFITABILITAS, DIVIDEND PAYOUT RATIO, FREE CASH FLOW, STRUKTUR ASET, DAN LEVERAGE OPERASI TERHADAP PRAKTIK PERATAAN LABA ( Studi pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi yang Terdaftar di BEI Ta

Abstract

This study uses the Managerial Ownership Structure, Profitability, Dividend Payout Ratio, Free Cash Flow, Asset Structure and Operating Leverage as independent variables and Income Smoothing as dependen. The sampling technique is purposive sampling. The sample used was a company manufacturing consumer goods industry sectors listed on the Stock Exchange which publishes an annual report during the observation period (2009-2013). The analysis method used is quantitative analysis, including analysis of descriptive statistics, regression test, and analysis of the feasibility of the model, coefficient of determination.
Based on the results of testing managerial ownership structure, profitability, and asset structure of the positive effect on Income Smoothing, and free cash flow negative effect on Income Smoothing. While the dividend payout ratio and operating leverage does not affect the income smoothing. Based on the test results showed that the regression model can be used to predict the alignment Profit. While variable Managerial Ownership Structure, Profitability, Dividend Payout Ratio, Free Cash Flow, Asset Structure and Operating Leverage able to explain the Income Smoothing amounted to 32.3%.
Keywords: Managerial Ownership Structure, Profitability, Dividend Payout Ratio, Free Cash Flow, Asset Structure and Operating Leverage