<![CDATA[This study aims to determine the financial risk, dividend payout ratio and the value of stocks on income smoothing effect on manufacturing companies, especially in the field of food and beverage listed on the Indonesia Stock Exchange. The independent variables in this study is a financial risk, dividend payout ratio and the value of stocks, while the dependent variable of this research is income smoothing. This study uses 10 manufacturing company engaged in the field of food and beverage and the teraftar in Indonesia Stock Exchange 2011-2014 period. This study uses a sampling technique used was purposive sampling method of testing this hypothesis using multiple linear regression analysis model to examine the effect of financial risk, dividend payout ratio and the value of stocks on income smoothing. The results of this study examines the financial risk has no effect on income smoothing while the dividend payout ratio and the value of stocks significant influence on income smoothing. Keywords: Financial Risk, Dividend Payout Ratio, Value Stocks, Income Smoothing]]>
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