PENGARUH TAX PLANNING TERHADAP FIRM VALUE DENGAN CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI

Patricia Caitlin, Kezia Josephine

Abstract


This research was conducted to test the influence of tax planning on firm value with corporate governance as a moderation variable in manufacturing companies listed on the Indonesia Stock Exchange for the period 2017-2020. The independent variable in the study was tax planning as measured by the Effective Tax Rate (ETR). The dependent variable in the study was firm value measured using Price Book Value (PBV). The moderation variable in the study was corporate governance as measured using institutional ownership and independent commissioners. This research uses quantitative and causal methods with data collection techniques used in literature studies. The type of data used is secondary data in the form of financial statements and annual reports obtained through the official website of the Indonesia Stock Exchange and the company's official website. Sample selection using purposive sampling technique, where the results of 33 companies from 203 companies. The results found in this study are that tax planning negatively affects firm value. Corporate governance as measured by using institutional ownership is influential in moderating the relationship between tax planning and firm value. Furthermore, corporate governance measured by using independent commissioners is influential in moderating the relationship between tax planning and firm value.


Keywords


Tax Planning, Firm Value, Corporate Governance, Institutional Ownership, Independent Commissioners

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