Pengaruh Perencanaan Pajak Terhadap Nilai Perusahaan Sebagai Variabel Moderasi (Studi pada Perusahaan Sektor Teknologi di BEI 2021-2025)

Vania Zabrina Ramadhani, Nurhidayah Nurhidayah, Dewi Diah Fakhriyyah

Abstract


This research aims to analyze the effect of tax planning on firm value and to examine the role of corporate transparency as a moderating variable in the relationship between tax planning and firm value. This study employed a quantitative approach with a causal-explanatory research design. The population consisted of technology sector companies listed on the Indonesia Stock Exchange during the 2021–2025 period. The sample was selected using purposive sampling based on predetermined criteria, resulting in 7 companies and 35 observations over five years. Tax planning was proxied by the Effective Tax Rate (ETR), firm value was measured using Tobin's Q, while corporate transparency was measured using a corporate transparency disclosure index. Data analysis in this study was conducted using Moderated Regression Analysis (MRA). The results show that tax planning has a positive and significant effect on firm value. Furthermore, corporate transparency was found to strengthen the effect of tax planning on firm value.. These findings suggest that the implementation of efficient tax planning, supported by a high level of corporate transparency, can reduce information asymmetry and reinforce positive signals to investors, thereby increasing market confidence and contributing to an increase in corporate value.

Keywords: Tax planning, firm value, corporate transparency, effective tax rate, tobin’s q


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References


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