Pengaruh Tax Avoidance dan Profitabilitas Terhadap Nilai Perusahaan dengan Transparansi Informasi sebagai Variabel Moderasi

Abstract

This study aims to analyze the effect of tax avoidance and profitability on firm value, with information transparency as a moderating variable. Using a quantitative and correlational approach, this research focuses on mining companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023. Tax avoidance, a financial strategy utilized by firms to minimize tax burdens through legal loopholes, and profitability, a critical indicator of a company’s financial health, were examined to determine their impact on firm value. Transparency in information, which reflects the accessibility and clarity of corporate disclosures to stakeholders, was included as a moderating factor to explore its role in influencing these relationships. The results reveal that tax avoidance has a positive impact on firm value, indicating that strategic tax planning can enhance investor perceptions and market valuation. Profitability also demonstrates a significant positive influence, highlighting its role as a critical driver of firm value. However, the findings indicate that information transparency weakens the effect of tax avoidance and profitability on firm value. This suggests that increased transparency can mitigate the advantages gained from tax avoidance strategies and emphasize a more ethical approach to corporate governance. The study contributes to the fields of financial accounting and corporate governance by providing empirical evidence on the interplay between tax strategies, profitability, transparency, and firm value. The findings underscore the importance of transparent information disclosure to balance corporate financial strategies with stakeholder trust and regulatory compliance. Future research is recommended to expand the scope by including other sectors, extending the study period, and exploring additional moderating variables, such as corporate governance practices and political risk, to provide a broader understanding of these dynamics across different contexts.

Keywords: Tax avoidance, profitability, firm value, information transparency, moderating variable, corporate governance, mining industry, indonesia stock exchange.