Authors retain the copyright without restrictions for their published content in this journal. HSSR is a SHERPA ROMEO Green Journal.
Publishing License
This is an open-access article distributed under the terms of
FACTORS INFLUENCING INCOME SMOOTHING PRACTICE IN THE OIL AND NATURAL GAS MINING COMPANIES DURING 2012-2016 PERIOD
Corresponding Author(s) : Rihfenti Ernayani
Humanities & Social Sciences Reviews,
Vol. 8 No. 1 (2020): January
Abstract
Purpose of the study: This study aims to determine factors that influence the practice of income smoothing in a company.
Methodology: Method of analysis applied logistic regression. This study employed a logistic regression analysis. The use of logistic regression is because the dependent variable is a dummy variable.
Main Findings: Results of the test results show that company size significantly influences the income smoothing practice; while for variables of financial leverage, profitability, and public ownership partially give no effect on the practice of income smoothing.
Applications of this study: Observations were done in oil and natural gas mining companies during 2012-2016.
Novelty/Originality of this study: The results of this study show that the size of the company affects the practice of income smoothing in the oil and natural gas mining companies listed in Indonesia Stock Exchange during the 2012-2016 period. Meanwhile, the financial leverage, profitability, and public ownership partially have an insignificant influence on the practice of income smoothing.
Keywords
Download Citation
Endnote/Zotero/Mendeley (RIS)BibTeX
- Alexandri, M. B., & Anjani, W. K. (2014). Income smoothing: impact factors, evidence in Indonesia. International Journal of Small Business and Entrepreneurship Research, 3(1), 21–27.
- Assih, P. (2000). Gudono,(2000). Studi Empiris Tentang Hubungan Tindakan Perataan Laba Dengan Reaksi Pasar Atas Pengumuman Informasi Laba Perusahaan Yang Terdaftar Di BEJ, 35–53.
- Atahau, A., & Cronje, T. (2015). Loan Portfolio Structure and Performance of Government-Owned Banks in Indonesia: Does Size Matter? Corporate Ownership & Control, 11(4), 379–390. https://doi.org/10.22495/cocv11i4c4p1 DOI: https://doi.org/10.22495/cocv11i4c4p1
- Beidleman, C. R. (1973). Income smoothing: The role of management. The Accounting Review, 48(4), 653–667.
- Buchori, I. P. (2013). Pengaruh Tingkat Pembiayaan Mudharabah Terhadap Tingkat Rasio Profitabilitas Pada Koperasi Jasa Keuangan Syariah (KJKS) Manfaat Surabayaâ€. Jurnal El-Qist. Vol, 3, 22–23.
- Budiasih, I. (2009). Faktor-faktor yang mempengaruhi praktik perataan laba. Jurnal Ilmiah Akuntansi Dan Bisnis.
- Cornforth, C. (2002). The governance of public and non-profit organizations (Vol. 6). Routledge. https://doi.org/10.4324/9780203167571 DOI: https://doi.org/10.4324/9780203167571
- Dewi, M. Y., & Sujana, I. K. (2014). Pengaruh Ukuran Perusahaan dan Profitabilitas.
- Dwimulyani, S., & Abraham, Y. (2019). Analisis perataan penghasilan (income smoothing): faktor-faktor yang mempengaruhi dan kaitannya dengan kinerja saham perusahaan publik di Indonesia. Jurnal Informasi, Perpajakan, Akuntansi Dan Keuangan Publik, 1(1), 1–14. https://doi.org/10.25105/jipak.v1i1.4412 DOI: https://doi.org/10.25105/jipak.v1i1.4412
- Ernayani, R., & Robiyanto, R. (2016). The effect of the cash flows, gross profit and company size on Indonesian stock returns (a study on the chemical and basic industry companies during the periods of 2009-2014). International Journal of Applied Business and Economic Research, 14(3).
- Ernayani, R., & Robiyanto, R. (2019). Funding Analysis Of Murabahah, Musyarakah, And Mudharabah On Return On Asset On Sharia Banks In Indonesia. Jurnal Dinamika Ekonomi Dan Bisnis, 16(2), 294029. DOI: https://doi.org/10.34001/jdeb.v16i2.921
- Ernayani, R., Robiyanto, R., & Sudjinan, S. (2017). Factors influencing profit distribution management of sharia commercial banks in Indonesia. Journal of Economics, Business & Accountancy Ventura, 20(2), 187–192. https://doi.org/10.14414/jebav.v20i2.1055 DOI: https://doi.org/10.14414/jebav.v20i2.1055
- Fudenberg, D., & Tirole, J. (1995). A theory of income and dividend smoothing based on incumbency rents. Journal of Political Economy, 103(1), 75–93. https://doi.org/10.1086/261976 DOI: https://doi.org/10.1086/261976
- Gimba, V. K. (2012). Testing the weak-form efficiency market hypothesis: Evidence from Nigerian stock market. CBN Journal of Applied Statistics, 3(1), 117–136.
- Hanafi, M. M. (2014). Analisis Laporan Keuangan. Analisis Laporan Keuangan.
- Irawati, Z. (2008). Analisis Perataan Laba (Income Smoothing): Faktor yang Mempengaruhinya dan Pengaruhnya terhadap Return dan Risiko Saham Perusahaan Go Public di Bursa Efek Jakarta. Benefit: Jurnal Manajemen Dan Bisnis, 11(1), 33–47.
- Kanagaretnam, K., Lobo, G. J., & Mathieu, R. (2003). Managerial incentives for income smoothing through bank loan loss provisions. Review of Quantitative Finance and Accounting, 20(1), 63–80. https://doi.org/10.1023/A:1022187622780 DOI: https://doi.org/10.1023/A:1022187622780
- Kasmir. (2016). Analisis Laporan Keuangan. In Analisis Laporan Keuangan (p. 196). Raja Grafindo Persada.
- Machfoedz, M. (1994). The usefulness of financial ratios in Indonesia. University of Kentucky.
- Malkiel, B. G. (1989). Efficient market hypothesis. In Finance (pp. 127–134). Springer. https://doi.org/10.1007/978-1-349-20213-3_13 DOI: https://doi.org/10.1007/978-1-349-20213-3_13
- Michelson, S. E., Jordan-Wagner, J., & Wootton, C. W. (1995). A market-based analysis of income smoothing. Journal of Business Finance and Accounting, 22, 1179–1194. https://doi.org/10.1111/j.1468-5957.1995.tb00900.x DOI: https://doi.org/10.1111/j.1468-5957.1995.tb00900.x
- Murwaningsari, E., Utama, S., & Rossieta, H. (2015). The combined effects of financial derivatives and discretionary accruals on the value relevance of earnings and the book value of equity. Gadjah Mada International Journal of Business, 17(2), 179–198. https://doi.org/10.22146/gamaijb.6909 DOI: https://doi.org/10.22146/gamaijb.6909
- Nugroho, L., Hidayah, N., & Badawi, A. (2018). The Islamic Banking, Asset Quality:“Does Financing Segmentation Mattersâ€(Indonesia Evidence). Mediterranean Journal of Social Sciences, 9(5), 221. https://doi.org/10.2478/mjss-2018-0154 DOI: https://doi.org/10.2478/mjss-2018-0154
- Pangestuti, I. R. D., Wahyudi, S., & Robiyanto, R. (2017). Performance Evaluation of Equity Mutual Funds in Indonesia. Jurnal Keuangan Dan Perbankan, 21(4). https://doi.org/10.26905/jkdp.v21i4.1503 DOI: https://doi.org/10.26905/jkdp.v21i4.1503
- Peranasari, I. A. A. I., & Dharmadiaksa, I. B. (2014). Perilaku Income Smoothing, Dan Faktor-Faktor Yang Memengaruhinya. E-Jurnal Akuntansi, 140–153.
- Prasetya, H., & Rahardjo, S. N. (2013). Pengaruh ukuran perusahaan, profitabilitas, financial leverage, klasifikasi KAP dan likuiditas terhadap praktik perataan laba. Fakultas Ekonomika dan Bisnis.
- Prastowo, D., & Julianty, R. (2015). Analisis Laporan Keuangan Konsep & Aplikasi. Edisi Keti). Yogyakarta.
- Ramanuja, I. G. V., & Mertha, M. (2015). Pengaruh Varian nilai saham, kepemilikan publik, DER dan Profitabilitas, Pada Perataan Laba. E-Jurnal Akuntansi, 398–416.
- Robiyanto, R. (2018). Performance evaluation of stock price indexes in the Indonesia Stock Exchange. International Research Journal of Business Studies, 10(3), 173–182. https://doi.org/10.21632/irjbs.10.3.173-182 DOI: https://doi.org/10.21632/irjbs.10.3.173-182
- Robiyanto, R., Wahyudi, S., Pangestuti, D., & Rini, I. (2017). The Volatility--Variability Hypotheses Testing and Hedging Effectiveness of Precious Metals for the Indonesian and Malaysian Capital Markets. Gadjah Mada International Journal of Business, 19(2). https://doi.org/10.22146/gamaijb.26260 DOI: https://doi.org/10.22146/gamaijb.26260
- Salno, H. M., & Baridwan, Z. (2000). Analisis perataan penghasilan (income smoothing): faktor-faktor yang mempengaruhi dan kaitannya dengan kinerja saham perusahaan publik di Indonesia. The Indonesian Journal of Accounting Research, 3(1).
- Sims, R. R., & Quatro, S. A. (2015). Leadership: Succeeding in the Private, Public, and Not-for-profit Sectors: Succeeding in the Private, Public, and Not-for-profit Sectors. Routledge. https://doi.org/10.4324/9781315702919 DOI: https://doi.org/10.4324/9781315702919
- Tucker, J. W., & Zarowin, P. A. (2006). Does income smoothing improve earnings informativeness? The Accounting Review, 81(1), 251–270. https://doi.org/10.2308/accr.2006.81.1.251 DOI: https://doi.org/10.2308/accr.2006.81.1.251
- Wijoyo, D. S. (2014). Variabel-Variabel yang Mempengaruhi Praktik Perataan Laba pada Perusahaan Manufaktur yang Publik. Jurnal Bisnis Dan Akuntansi, 16(1), 37–45.
- Yusuf, M., & Soraya, S. (2004). Faktor-Faktor yang Mempengaruhi Praktik Perataan Laba pada Perusahaan Asing dan Non Asing di Indonesia. Indonesian Journal of Accounting and Auditing, 8(1).
References
Alexandri, M. B., & Anjani, W. K. (2014). Income smoothing: impact factors, evidence in Indonesia. International Journal of Small Business and Entrepreneurship Research, 3(1), 21–27.
Assih, P. (2000). Gudono,(2000). Studi Empiris Tentang Hubungan Tindakan Perataan Laba Dengan Reaksi Pasar Atas Pengumuman Informasi Laba Perusahaan Yang Terdaftar Di BEJ, 35–53.
Atahau, A., & Cronje, T. (2015). Loan Portfolio Structure and Performance of Government-Owned Banks in Indonesia: Does Size Matter? Corporate Ownership & Control, 11(4), 379–390. https://doi.org/10.22495/cocv11i4c4p1 DOI: https://doi.org/10.22495/cocv11i4c4p1
Beidleman, C. R. (1973). Income smoothing: The role of management. The Accounting Review, 48(4), 653–667.
Buchori, I. P. (2013). Pengaruh Tingkat Pembiayaan Mudharabah Terhadap Tingkat Rasio Profitabilitas Pada Koperasi Jasa Keuangan Syariah (KJKS) Manfaat Surabayaâ€. Jurnal El-Qist. Vol, 3, 22–23.
Budiasih, I. (2009). Faktor-faktor yang mempengaruhi praktik perataan laba. Jurnal Ilmiah Akuntansi Dan Bisnis.
Cornforth, C. (2002). The governance of public and non-profit organizations (Vol. 6). Routledge. https://doi.org/10.4324/9780203167571 DOI: https://doi.org/10.4324/9780203167571
Dewi, M. Y., & Sujana, I. K. (2014). Pengaruh Ukuran Perusahaan dan Profitabilitas.
Dwimulyani, S., & Abraham, Y. (2019). Analisis perataan penghasilan (income smoothing): faktor-faktor yang mempengaruhi dan kaitannya dengan kinerja saham perusahaan publik di Indonesia. Jurnal Informasi, Perpajakan, Akuntansi Dan Keuangan Publik, 1(1), 1–14. https://doi.org/10.25105/jipak.v1i1.4412 DOI: https://doi.org/10.25105/jipak.v1i1.4412
Ernayani, R., & Robiyanto, R. (2016). The effect of the cash flows, gross profit and company size on Indonesian stock returns (a study on the chemical and basic industry companies during the periods of 2009-2014). International Journal of Applied Business and Economic Research, 14(3).
Ernayani, R., & Robiyanto, R. (2019). Funding Analysis Of Murabahah, Musyarakah, And Mudharabah On Return On Asset On Sharia Banks In Indonesia. Jurnal Dinamika Ekonomi Dan Bisnis, 16(2), 294029. DOI: https://doi.org/10.34001/jdeb.v16i2.921
Ernayani, R., Robiyanto, R., & Sudjinan, S. (2017). Factors influencing profit distribution management of sharia commercial banks in Indonesia. Journal of Economics, Business & Accountancy Ventura, 20(2), 187–192. https://doi.org/10.14414/jebav.v20i2.1055 DOI: https://doi.org/10.14414/jebav.v20i2.1055
Fudenberg, D., & Tirole, J. (1995). A theory of income and dividend smoothing based on incumbency rents. Journal of Political Economy, 103(1), 75–93. https://doi.org/10.1086/261976 DOI: https://doi.org/10.1086/261976
Gimba, V. K. (2012). Testing the weak-form efficiency market hypothesis: Evidence from Nigerian stock market. CBN Journal of Applied Statistics, 3(1), 117–136.
Hanafi, M. M. (2014). Analisis Laporan Keuangan. Analisis Laporan Keuangan.
Irawati, Z. (2008). Analisis Perataan Laba (Income Smoothing): Faktor yang Mempengaruhinya dan Pengaruhnya terhadap Return dan Risiko Saham Perusahaan Go Public di Bursa Efek Jakarta. Benefit: Jurnal Manajemen Dan Bisnis, 11(1), 33–47.
Kanagaretnam, K., Lobo, G. J., & Mathieu, R. (2003). Managerial incentives for income smoothing through bank loan loss provisions. Review of Quantitative Finance and Accounting, 20(1), 63–80. https://doi.org/10.1023/A:1022187622780 DOI: https://doi.org/10.1023/A:1022187622780
Kasmir. (2016). Analisis Laporan Keuangan. In Analisis Laporan Keuangan (p. 196). Raja Grafindo Persada.
Machfoedz, M. (1994). The usefulness of financial ratios in Indonesia. University of Kentucky.
Malkiel, B. G. (1989). Efficient market hypothesis. In Finance (pp. 127–134). Springer. https://doi.org/10.1007/978-1-349-20213-3_13 DOI: https://doi.org/10.1007/978-1-349-20213-3_13
Michelson, S. E., Jordan-Wagner, J., & Wootton, C. W. (1995). A market-based analysis of income smoothing. Journal of Business Finance and Accounting, 22, 1179–1194. https://doi.org/10.1111/j.1468-5957.1995.tb00900.x DOI: https://doi.org/10.1111/j.1468-5957.1995.tb00900.x
Murwaningsari, E., Utama, S., & Rossieta, H. (2015). The combined effects of financial derivatives and discretionary accruals on the value relevance of earnings and the book value of equity. Gadjah Mada International Journal of Business, 17(2), 179–198. https://doi.org/10.22146/gamaijb.6909 DOI: https://doi.org/10.22146/gamaijb.6909
Nugroho, L., Hidayah, N., & Badawi, A. (2018). The Islamic Banking, Asset Quality:“Does Financing Segmentation Mattersâ€(Indonesia Evidence). Mediterranean Journal of Social Sciences, 9(5), 221. https://doi.org/10.2478/mjss-2018-0154 DOI: https://doi.org/10.2478/mjss-2018-0154
Pangestuti, I. R. D., Wahyudi, S., & Robiyanto, R. (2017). Performance Evaluation of Equity Mutual Funds in Indonesia. Jurnal Keuangan Dan Perbankan, 21(4). https://doi.org/10.26905/jkdp.v21i4.1503 DOI: https://doi.org/10.26905/jkdp.v21i4.1503
Peranasari, I. A. A. I., & Dharmadiaksa, I. B. (2014). Perilaku Income Smoothing, Dan Faktor-Faktor Yang Memengaruhinya. E-Jurnal Akuntansi, 140–153.
Prasetya, H., & Rahardjo, S. N. (2013). Pengaruh ukuran perusahaan, profitabilitas, financial leverage, klasifikasi KAP dan likuiditas terhadap praktik perataan laba. Fakultas Ekonomika dan Bisnis.
Prastowo, D., & Julianty, R. (2015). Analisis Laporan Keuangan Konsep & Aplikasi. Edisi Keti). Yogyakarta.
Ramanuja, I. G. V., & Mertha, M. (2015). Pengaruh Varian nilai saham, kepemilikan publik, DER dan Profitabilitas, Pada Perataan Laba. E-Jurnal Akuntansi, 398–416.
Robiyanto, R. (2018). Performance evaluation of stock price indexes in the Indonesia Stock Exchange. International Research Journal of Business Studies, 10(3), 173–182. https://doi.org/10.21632/irjbs.10.3.173-182 DOI: https://doi.org/10.21632/irjbs.10.3.173-182
Robiyanto, R., Wahyudi, S., Pangestuti, D., & Rini, I. (2017). The Volatility--Variability Hypotheses Testing and Hedging Effectiveness of Precious Metals for the Indonesian and Malaysian Capital Markets. Gadjah Mada International Journal of Business, 19(2). https://doi.org/10.22146/gamaijb.26260 DOI: https://doi.org/10.22146/gamaijb.26260
Salno, H. M., & Baridwan, Z. (2000). Analisis perataan penghasilan (income smoothing): faktor-faktor yang mempengaruhi dan kaitannya dengan kinerja saham perusahaan publik di Indonesia. The Indonesian Journal of Accounting Research, 3(1).
Sims, R. R., & Quatro, S. A. (2015). Leadership: Succeeding in the Private, Public, and Not-for-profit Sectors: Succeeding in the Private, Public, and Not-for-profit Sectors. Routledge. https://doi.org/10.4324/9781315702919 DOI: https://doi.org/10.4324/9781315702919
Tucker, J. W., & Zarowin, P. A. (2006). Does income smoothing improve earnings informativeness? The Accounting Review, 81(1), 251–270. https://doi.org/10.2308/accr.2006.81.1.251 DOI: https://doi.org/10.2308/accr.2006.81.1.251
Wijoyo, D. S. (2014). Variabel-Variabel yang Mempengaruhi Praktik Perataan Laba pada Perusahaan Manufaktur yang Publik. Jurnal Bisnis Dan Akuntansi, 16(1), 37–45.
Yusuf, M., & Soraya, S. (2004). Faktor-Faktor yang Mempengaruhi Praktik Perataan Laba pada Perusahaan Asing dan Non Asing di Indonesia. Indonesian Journal of Accounting and Auditing, 8(1).