PERATAAN LABA DAN PENGARUHNYA TERHADAP RETURN SAHAM

Abstract

This study aims to examine the influence of profitability, debt, dividend and
company size factors on the company practice of income smoothing and to test whether
there is a difference of stock returns between profit companies with non-profit
smoothing. The object of this research is a public company on BEI listed as group Liquid
45 (LQ45). This study used logistic regression and difference test statistic model to test
the difference between the profit smoothing and not the revenue smoothing of stock
returns. The conclusions in this study: Profitability, debt, dividend, and firm size factors
do not significantly affect earnings smoothing. And, there is no significant difference
between stock returns between the income smoothing actors and non-income smoothing
actors. The results of this study are consistent with research conducted by Juniarti and
Carolina (2007), Li Jung Tseng and Chien Wan Lai (2007), and Zulfa and Anugerah
(2007)