PENGARUH FIRM SIZE, DIVIDEND PAYOUT RATIO, DAN CASH HOLDING TERHADAP INCOME SMOOTHING PERUSAHAAN CONSUMER NON-CYCLICAL DI BURSA EFEK INDONESIA
DOI:
https://doi.org/10.25170/wpm.v18i1.8270Kata Kunci:
Income Smoothing, Firm Size, Dividend Payout, Cash Holding, Food and BeverageAbstrak
This paper investigates whether firm size, dividend payout ratio, and cash holding shape earnings-smoothing behavior among Indonesian food and beverage issuers classified under the consumer non-cyclical sector. Ninety-four firm-year observations covering sixteen listed companies (2019-2024) were selected through purposive sampling and evaluated with the Eckel index alongside a binary logistic regression model. Findings indicate that larger firms are significantly less likely to smooth earnings, consistent with the view that closer external scrutiny narrows managerial discretion. Dividend payout ratio and cash holding, however, do not show a statistically meaningful link to smoothing behavior in this sample.
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