PENGARUH CASH HOLDING, PROFITABILITAS, FINANCIAL LEVERAGE, BONUS PLAN, DAN INSTITUTIONAL OWNERSHIP TERHADAP PERATAAN LABA

Abstract

This study aims to analyze the effect of cash holding, profitability, financial leverage, bonus plans and institutional ownership on income smoothing. This research belongs to the type of research with quantitative data. The population in this study are 10 manufacturing companies listed on the Indonesia Stock Exchange (IDX) for 2016-2021. In this study the sample selection used purposive sampling so that the number of samples used in this study was 36 samples. The research data analysis method used is logistic regression analysis with the help of using SPSS 26 software as a test tool for processing data. Based on the results of the study, it shows that: 1) cash holding has a significant positive effect, 2) profitability has a significant negative effect, 3) financial leverage has no significant positive effect, 4) bonus plans have a significant negative effect, 5) institutional ownership has a significant negative effect.