PENGARUH CASH HOLDING, DEBT TO ASSET RATIO, DAN PRICE TO BOOK VALUE TERHADAP INCOME SMOOTHING PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI DASAR DAN KIMIA DAN SEKTOR ANEKA INDUSTRI YANG TERDAFTAR DI BEI

DIANTARI, FEZZA (2020) PENGARUH CASH HOLDING, DEBT TO ASSET RATIO, DAN PRICE TO BOOK VALUE TERHADAP INCOME SMOOTHING PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI DASAR DAN KIMIA DAN SEKTOR ANEKA INDUSTRI YANG TERDAFTAR DI BEI. Skripsi thesis, Universitas Muhammadiyah Pontianak.

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Abstract

This research intended to determine the effect of Cash Holding, Debt to Asset Ratio, and Price to Book Value on Income Smoothing of Manufacturing Companies in the Basic Industry and Chemical Sectors and Miscellaneous Industry Sectors listed on the IDX. The samples in this research were 66 companies that were chosen using purposive sampling technique. While the type of this research was an associative research (relationship). The data collection technique used in this research was documentation. Then, the analysis method used was multiple linear regression analysis. The results of multiple linear regression analysis showed that there was a regression equation, which was Y = -3,889 - + + . The result of the correlation coefficient was 0.281. This means that the variable value of Cash Holding, Debt to Asset Ratio, Price to Book Value to Income Smoothing was 0.281, means this value was in the interval 0.20 - 0.399, in other words it had a weak relationship. The result of the coefficient of determination (R2) of the three independent variables of Cash Holding, Debt to Asset Ratio, and Price to Book Value was 0.079. This means that the effect of Cash Holding, Debt to Asset Ratio, and Price to Book Value was 7.9% on income smoothing, the remaining 92.1% was explained by other variables that were not included in the research variables. The results of the F test or simultaneous test showed that the three independent variables, which were Cash Holding, Debt to Asset Ratio, and Price to Book Value did not have a significant effect on Income Smoothing, which was proved from the sig value of 0.299 that was greater than 0,05. While the t test or partial test showed that Cash Holding, Debt to Asset Ratio, and Price to Book Value did not have a significant effect on the Income Smoothing variable. // Penelitian ini bertujuan untuk mengetahui pengaruh Cash Holding, Debt to Asset Ratio, dan Price to Book Value terhadap Income Smoothing pada perusahaan Manufaktur Sektor Industri Dasar dan Kimia dan Sektor Aneka Industri yang terdaftar di BEI. Sampel dalam penelitian ini sebanyak 66 perusahaan dengan menggunakan teknik pengumpulan sampel (purposive sampling). Jenis penelitian ini termasuk penelitian asosiatif (hubungan). Teknik pengumpulan data yang digunakan dalam penelitian ini adalah teknik dokumentasi. Adapun metode analisis dalam penelitian ini menggunakan analisis regresi linier berganda. Berdasarkan hasil analisis regresi linier berganda menunjukkan persamaan regresi yaitu Y = -3,889 - + + . Hasil koefisien korelasi adalah sebesar 0,281. Hal ini berarti bahwa nilai variabel Cash Holding, Debt to Asset Ratio, Price to Book Value terhadap Income Smoothing adalah sebesar 0,281 yang artinya nilai ini berada diantara interval 0,20 – 0,399 yang berarti memiliki hubungan yang lemah. Hasil koefisien determinasi ( ) dari ketiga variabel bebas Cash Holding, Debt to Asset Ratio, dan Price to Book Value sebesar 0,079. Hal ini berarti bahwa pengaruh Cash Holding, Debt to Asset Ratio, dan Price to Book Value sebesar 7,9% terhadap Income Smoothing, selebihnya sebesar 92,1% dijelaskan oleh variabel lain yang tidak masuk dalam variabel penelitian. Hasil uji F atau uji simultan menunjukkan bahwa ketiga variabel bebas yaitu Cash Holding, Debt to Asset Ratio, dan Price to Book Value secara bersama-sama tidak mempunyai pengaruh signifikan terhadap Income Smoothing, terbukti dari nilai sig 0,299 lebih besar dari 0,05. Sedangkan uji t atau uji parsial menunjukkan bahwa variabel Cash Holding, Debt to Asset Ratio, dan Price to Book Value tidak memiliki pengaruh signifikan terhadap variabel Income Smoothing

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