PENGARUH CASH HOLDING, KEPEMILIKAN PUBLIK, NET PROFIT MARGIN (NPM), DAN FINANCIAL LEVERAGE TERHADAP PERATAAN LABA
(Studi Empiris Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2013-2016)
Keywords:
Cash Holding, Public Ownership, Net Profit Margin (NPM) and Financial Leverage.Abstract
This study aims to obtain empirical evidence regarding the influence of Cash Holding, Public Ownership, Net Profit Margin (NPM), and Financial Leverage to Income Smoothing. The samples used in this research are 23 companies from 37 manufacturing companies of consumer goods industry sector listed in Indonesian securities. The data used is the financial statements of companies that meet the criteria, because the sample selection method in this study using purposive sampling method. The analysis method used in this research is multiple linear regression analysis using Statistical Product and Service Solutions (SPSS) v.20.0 program. Based on the results of the test using multiple linear regression is obtained in the four independent variables, only Net Profit Margin (NPM) and Financial Leverage that significantly affect the Flattening of Earnings while Cash Holding and Public Ownership has no significant effect on the Income Smoothing.
