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This study was to quantify the effect of ownership structure, financial risk, and the value of the company on income smoothing. Managerial ownership structure variables measured by the scale ratio that is by the number of shares held by non- managerial compared to the number of shares outstanding. The indicator is the percentage of shares held by management of total shares outstanding companies. Financial risk using level Leverage (LEV) and the value of the company using the Price Earnings Ratio (PER). This study aimed to confirm the results of previous studies that examine some of the factors that influence the practice of income smoothing because there are inconsistencies in the results and to compare whether the ownership structure, financial risk and smoothing effect on the value of company profits in two industries, namely the automotive industry and food and beverage industry are listed on the Stock Exchange 2009-2012 period. The sampling method used is saturated or census sampling and to test the hypothesis using logistic regression. Hypothesis test results for the two industries indicate that the food and beverage industry managerial ownership structure does not significantly influence the practice of income smoothing, the value of the company does not have a significant effect on income smoothing practices, financial risk no significant effect on income smoothing practices. While the automotive industry managerial ownership structure significantly influence income smoothing practices of the company, the financial
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