PENGARUH FREE CASH FLOW, BONUS DAN LEVERAGE TERHADAP MANAJEMEN LABA

Abstract

This research examines the effect of free cash flow, bonuses, and leverage on the profit management of Beverages and Processed Food listed on the Indonesia Stock Exchange (IDX) during 2019-2023. Free cash flow was referred to as Free Cash Flow, bonuses were referred to as bonus compensation, and leverage was referred to as Debt to Equity Ratio. The research applies quantitatively. Furthermore, the population consists of Beverages and Processed Food listed on IDX. The data collection technique used purposive sampling. In line with that, there were 23 companies as the sample. Additionally, the data were taken for 5 years. Therefore, 115 observation samples were analyzed. The data analysis technique used multiple linear regression with SPSS. The result concludes that (1) free cash flow has a positive and significant effect on profit management, (2) bonuses have a negative and significant effect on profit management, and (3) leverage has a positive and significant effect on profit management.