Pengaruh Leverage, Kepemilikan Manajerial, dan Kompensasi Bonus terhadap Income Smoothing pada Perusahaan Sektor Consumer Non-Cyclicals di Indonesia (2020-2024)

Anggita Maysa Amaliasari, . and Januar Eko Prasetio, . (2026) Pengaruh Leverage, Kepemilikan Manajerial, dan Kompensasi Bonus terhadap Income Smoothing pada Perusahaan Sektor Consumer Non-Cyclicals di Indonesia (2020-2024). Owner: Riset & Jurnal Akuntansi, 10 (1). pp. 450-462. ISSN 2548-9224

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Abstract

This study aims to analyze the effects of leverage, managerial ownership, and bonus plan on income smoothing in consumer non-cyclicals sector companies listed on the Indonesia Stock Exchange during the 2020-2024 period. The research population consists of 85 companies, and through the use of a purposive sampling technique, 70 companies were selected, resulting in a total of 350 samples. The study employs binary logistic regression, with income smoothing measured using the eckel index, leverage measured by the debt to-asset ratio, managerial ownership measured by the
proportion of shares held by management, and bonus plan proxied by the natural logarithm of salary expenses. The results indicate that leverage does not affect income smoothing, while managerial ownership and bonus plan have a significant effect on income smoothing. These findings suggest that in a relatively stable sector, income smoothing practices are more strongly driven by internal governance mechanisms and managerial incentive structures, as explained by agency theory, than by external financial pressure related to debt covenants. This study contributes to the income smoothing literature by highlighting the dominant role of internal factors over external financing constraints in shaping managerial reporting behavior.

Keywords: Bonus plan; Income smoothing; Leverage; Logistic regression; Managerial ownership.

Item Type: Article
Additional Information: ANGGITA MAYSA AMALIASARI (Penulis - 142220115) ; Januar Eko Prasetio (Pembimbing)
Uncontrolled Keywords: Bonus plan; Income smoothing; Leverage; Logistic regression; Managerial ownership.
Subjek: H Social Sciences > HG Finance
Divisions: Fakultas Ekonomi dan Bisnis > (S1) Akuntansi
Depositing User: Indah Lestari
Date Deposited: 22 Apr 2026 00:56
Last Modified: 22 Apr 2026 00:56
URI: http://eprints.upnyk.ac.id/id/eprint/47887

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