Analisis Hubungan Penghindaran Pajak Terhadap Nilai Perusahaan yang Dimoderasi oleh Tata Kelola Perusahaan

Afifa Meila Nurcahyanti, M. Cholid Mawardi, Dewi Diah Fakhriyyah

Abstract


This study aims to analyze the impact of tax avoidance on firm value, moderated by corporate governance. Corporate governance is proxied by institutional ownership, independent commissioners, and audit committees. The research employs a quantitative approach using secondary data obtained from the annual reports of companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. The data analysis is conducted using moderated analysis regression. The results indicate that tax avoidance has a significant negative effect on firm value. Institutional ownership and commissioners has a significant positive effect on firm value. The audit committee does not have a significant effect on firm value. Institutional ownership, independent commissioners, and audit committees can moderate the effect of tax avoidance on firm value, suggesting that good corporate governance practices can mitigate the adverse effects of tax avoidance on firm value. The moderation effects of these governance factors highlight their importance in strengthening the company’s standing in the market, even when engaging in tax avoidance strategies.

Keywords: Tax avoidance, firm value, corporate governance, institutional ownership, independent commissioners, audit committees.


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References


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