Kebijakan Utang, Kebijakan Dividen Dan Income Smoothing: Peran Moderasi Ukuran Perusahaan
DOI:
https://doi.org/10.31092/jpkn.v4i1S.1831Keywords:
Asset, Dividen, Income Smoothing, LeverageAbstract
Penelitian ini bertujuan untuk menguji pengaruh kebijakan utang dan kebijakan dividen terhadap income smoothing. Selain itu, penelitian ini juga memasukkan ukuran perusahaan sebagai variabel moderasi. Penelitian ini menggunakan data yang bersumber dari laporan keuangan manufaktur periode tahun 2018 sampai 2020. Data penelitian diperoleh dari www.idx.co.id. Sampel yang digunakan dalam penelitian ini berjumlah 108 berdasarkan purposive sampling. Penelitian ini menyimpulkan bahwa kebijakan utang dan kebijakan dividen tidak berpengaruh terhadap income smoothing. Namun demikian, ukuran perusahaan yang besar mengakibatkan perusahaan yang memiliki kebijakan utang dan kebijakan dividen yang tinggi, melakukan tindakan income smoothing. Penelitian ini mengindikasikan Otoritas Jasa Keuangan menerapkan kebijakan untuk menurunkan tindakan income smoothing yang dapat merugikan kepentingan investor.
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