Triadiani, Nadia Sukma (2025) PENGARUH INCOME SMOOTHING TERHADAP NILAI PERUSAHAAN DENGAN RISIKO PASAR SEBAGAI VARIABEL MODERASI (Studi Kasus pada Perusahaan BUMN yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2019-2023). Skripsi thesis, STIE Bank BPD Jateng.
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Abstract
This study aims to empirically prove whether income smoothing influences firm value and whether market risk moderates the relationship between income smoothing and firm value in state-owned enterprises (SOEs) listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. Using panel data from 27 companies filtered through purposive sampling, resulting in 23 companies meeting the predetermined criteria, this research analyzes the relationships between variables through linear regression using Eviews 12 software. The findings reveal that income smoothing has a significantly negative impact on firm value, where any increase in this practice reduces firm value. However, this negative effect diminishes when market risk is high, indicating that under risky market conditions, investors are more tolerant of such practices as efforts to create income stability. Conversely, in stable markets, the negative impact remains strong as investors prioritize financial reporting transparency. This study contributes to the literature on earnings management and provides practical recommendations for companies to enhance financial reporting transparency and risk management practices.
| Item Type: | Thesis (Skripsi) |
|---|---|
| Additional Information: | This study aims to empirically prove whether income smoothing influences firm value and whether market risk moderates the relationship between income smoothing and firm value in state-owned enterprises (SOEs) listed on the Indonesia Stock Exchange (IDX) during the 2019– 2023 period. Using panel data from 27 companies filtered through purposive sampling, resulting in 23 companies meeting the predetermined criteria, this research analyzes the relationships between variables through linear regression using Eviews 12 software. The findings reveal that income smoothing has a significantly negative impact on firm value, where any increase in this practice reduces firm value. However, this negative effect diminishes when market risk is high, indicating that under risky market conditions, investors are more tolerant of such practices as efforts to create income stability. Conversely, in stable markets, the negative impact remains strong as investors prioritize financial reporting transparency.. This study contributes to the literature on earnings management and provides practical recommendations for companies to enhance financial reporting transparency and risk management practices. |
| Uncontrolled Keywords: | Income smoothing, firm value, market risk. |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HA Statistics H Social Sciences > HB Economic Theory H Social Sciences > HG Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Wisudawan S1 |
| Date Deposited: | 19 Sep 2025 20:27 |
| Last Modified: | 19 Sep 2025 20:27 |
| URI: | http://eprints.stiebankbpdjateng.ac.id/id/eprint/2576 |
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