PENGARUH PROFITABILITAS DAN LEVERAGE TERHADAP RISIKO INVESTASI DENGA PERATAAN LABA SEBAGAI VARIABEL MEDIASI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2014 HINGGA 2017

Tri Winarti, Kamaliah Kamaliah, Azwir Nasir

Abstract


This research has some purpose there are to give empircal prooof about profitability
and leverage an affect risk investment with mediating variable is income smoothing.
The population in this study are all maufacturing companies listed in Indonesia Stock
Exchange (BEI) in the period 2014-2017. This study has 252 observation with
probability method and purposive sampling technique. In processing data, Structural
Equation Modelling (SEM) is applied as data analysis technique. The result founded
that profitability has not influence on risk investment, leverage has not influence on
risk investment, profitability has influence on income smoothing, leverage has not
influence on income smoothing, income smoothing has influence on risk investment,
the influence of profitability on risk investment is weaken by income smoothing.


Keywords


profitability, leverage, risk investment, and income smoothing

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