Managerial Ownership and Tax Aggressiveness with Profitability Moderation: Ex-ante Period of Fiscal Transition Due to the Pandemic
Abstract
This study aims to examine the effect of managerial ownership on tax aggressiveness by using profitability as a moderating variable. The research population uses manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 period. The sample selection method used was purposive sampling and obtained 379 samples of data that met the criteria. Testing the research hypothesis using multiple regression analysis and Moderated Regression Analysis (MRA). The result show that managerial ownership had a negative effect on tax aggressiveness. It means, the higher managerial ownership in company, the lower tax aggressiveness action, while profitability is proven to be able to moderate the effect of managerial ownership on tax aggressiveness. This research provides the implication that managerial ownership can reduce agency costs thereby aligning the interests of management and shareholders and reducing the potential for tax aggressiveness.
Keywords: Managerial Ownership; Profitability; Tax Aggressiveness
Downloads
Download data is not yet available.
References
Agus, D. (2020). Ini Realisasi Pajak 2019 per Sektor Usaha, Manufaktur Terkontraksi.
Allam, B. S. (2018). The impact of board characteristics and ownership identity on agency costs and firm performance: UK evidence. Corporate Governance: The International Journal of Business in Society, 18(6), 1147–1176.
Anshori, M., & Iswati, S. (2009). Metodologi Penelitian Kuantitatif. Pusat Penerbitan dan Percetakan UNAIR.
Azmi, F., & Ramadhani, L. (2019). Factors Affecting Tax Aggressiveness In Plantation Companies Listed 2014-2017. Journal of Accounting Science, 3(1), 45–59.
Brigham, E. F., & Houston, J. F. (2015). Fundamentals of Financial Management, concise 8th edition. South-Western, Cengage Learning.
Chen, S., Chen, X., Cheng, Q., & Shevlin, T. (2010). Are family firms more tax aggressive than non-family firms? Journal of Financial Economics, 95(1), 41–61.
Darmawan, I. G. H., & Sukartha, I. M. (2014). Pengaruh penerapan corporate governance, leverage, return on assets, dan ukuran perusahaan pada penghindaran pajak. E-Jurnal Akuntansi Universitas Udayana, 9(1), 143–161.
Dewinta, I. A. R., & Setiawan, P. E. (2016). Pengaruh ukuran perusahaan, umur perusahaan, profitabilitas, leverage, dan pertumbuhan penjualan terhadap tax avoidance. E-Jurnal Akuntansi Universitas Udayana, 14(3), 1584–1613.
Djumena, S., & Yuniarwati, Y. (2017). Faktor-Faktor Yang Mempengaruhi Agresivitas Pajak Pada Perusahaan Manufaktur Yang Terdaftar di BEI 2013–2015. Jurnal Muara Ilmu Ekonomi Dan Bisnis, 1(1), 125–134.
Frank, M. M., Lynch, L. J., & Rego, S. O. (2009). Tax Reporting Aggressiveness and its Relation to Aggressive Financial Reporting. The Accounting Review, 84(2), 467–496.
Ghozali, I. (2016). Aplikasi Analisis Multivariate dengan Program IBM SPSS 23. Badan Penerbit Universitas Diponegoro.
Hartadinata, O. S., & Farihah, E. (2021). The performance of go public bank in Indonesia: Before and during COVID-19. Berkala Akuntansi Dan Keuangan Indonesia, 109–121.
Hartadinata, O. S., & Tjaraka, H. (2013). Analisis Pengaruh Kepemilikan Manajerial Kebijakan Utang dan Ukuran Perusahaan terhadap Aggressiveness pada Perusahaan Manufaktur di Bursa Efek Indonesia Periode Tahun 2008-2010. Majalah Ekonomi, 23(3).
Hidayat, I. R., & Damayanti, T. W. (2021). Pengaruh Kepemilikan Manajerial Terhadap Agresivitas Pajak: Corporate Governance Sebagai Variabel Moderasi. Jurnal Proaksi, 8(2), 329–343.
Jensen, M. C., & Meckling, W. H. (1976). The Theory of The Firm: Managerial Behaviour, Agency Cost, and Ownership Structure. Journal of Financial and Economics, 77–132.
Prichard, W., Salardi, P., & Segal, P. (2018). Taxation, non-tax revenue and democracy: New evidence using new cross-country data. World Development, 109, 295–312.
Puspita, D., & Febrianti, M. (2017). Faktor-faktor yang memengaruhi penghindaran pajak pada perusahaan manufaktur di bursa efek Indonesia. Jurnal Bisnis Dan Akuntansi, 19(1), 38–46.
Rahmawati, A., Endang, M. W., & Agusti, R. R. (2016). Pengaruh pengungkapan corporate social responsibility dan corporate governance terhadap tax avoidance. Jurnal Perpajakan (JEJAK), 10(1).
Salaudeen, Y. M., & Ejeh, B. U. (2018). Equity ownership structure and corporate tax aggressiveness: The Nigerian context. Research Journal of Business and Management, 5(2), 90–99.
Sharma, S., Durand, R. M., & Gur-Arie, O. (1981). Identification and Analysis of Moderator Variables. Journal of Marketing Research, 18(3), 291.
Sonia, S., & Suparmun, H. (2019). Factors influencing tax avoidance. 5th Annual International Conference on Accounting Research (AICAR 2018), 238–243.
Sugiharti, L., Farihah, E., Hartadinata, O. S., & Ajija, S. R. (2021). Statistik multivariat untuk ekonomi dan bisnis: menggunakan software SPSS. Airlangga University Press.
Tanko, U. M. (2020). The moderating effect of profitability on the relationship between ownership structure and corporate tax avoidance in Nigeria listed consumers goods firms. International Journal of Business and Technopreneurship, 10(2), 153–172.
Thomas, J., & Zhang, F. (2014). Valuation of tax expense. Review of Accounting Studies, 19, 1436–1467.
Wahidahwati, W. (2002). Pengaruh kepemilikan manajerial dan kepemilikan institusional pada kebijakan hutang perusahaan: Sebuah perspektif theory agency. The Indonesian Journal of Accounting Research, 5(1).
Wahyuni, S. D., & Prastiwi, D. (2020). Pengaruh Capital Intensity Terhadap Tax Aggressiveness Dengan Profitabilitas Sebagai Variabel Moderasi. Jurnal Akuntansi AKUNESA, 9(1).
Windaswari, K. A., & Merkusiwati, N. K. L. A. (2018). Pengaruh Koneksi Politik, Capital Intensity, Profitabilitas, Leverage dan Ukuran Perusahaan Pada Agresivitas Pajak. E-Jurnal Akuntansi Universitas Udayana, 23(3), 1980–2008.
Zahirah, A., Nurazlina, N., & Rusli, R. (2017). Pengaruh leverage, kepemilikan institusional, kepemilikan manajerial dan ukuran perusahaan terhadap penghindaran pajak (studi pada perusahaan manufaktur yang terdaftar di BEI periode 2013-2015). Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi, 4(1), 1–14.
Allam, B. S. (2018). The impact of board characteristics and ownership identity on agency costs and firm performance: UK evidence. Corporate Governance: The International Journal of Business in Society, 18(6), 1147–1176.
Anshori, M., & Iswati, S. (2009). Metodologi Penelitian Kuantitatif. Pusat Penerbitan dan Percetakan UNAIR.
Azmi, F., & Ramadhani, L. (2019). Factors Affecting Tax Aggressiveness In Plantation Companies Listed 2014-2017. Journal of Accounting Science, 3(1), 45–59.
Brigham, E. F., & Houston, J. F. (2015). Fundamentals of Financial Management, concise 8th edition. South-Western, Cengage Learning.
Chen, S., Chen, X., Cheng, Q., & Shevlin, T. (2010). Are family firms more tax aggressive than non-family firms? Journal of Financial Economics, 95(1), 41–61.
Darmawan, I. G. H., & Sukartha, I. M. (2014). Pengaruh penerapan corporate governance, leverage, return on assets, dan ukuran perusahaan pada penghindaran pajak. E-Jurnal Akuntansi Universitas Udayana, 9(1), 143–161.
Dewinta, I. A. R., & Setiawan, P. E. (2016). Pengaruh ukuran perusahaan, umur perusahaan, profitabilitas, leverage, dan pertumbuhan penjualan terhadap tax avoidance. E-Jurnal Akuntansi Universitas Udayana, 14(3), 1584–1613.
Djumena, S., & Yuniarwati, Y. (2017). Faktor-Faktor Yang Mempengaruhi Agresivitas Pajak Pada Perusahaan Manufaktur Yang Terdaftar di BEI 2013–2015. Jurnal Muara Ilmu Ekonomi Dan Bisnis, 1(1), 125–134.
Frank, M. M., Lynch, L. J., & Rego, S. O. (2009). Tax Reporting Aggressiveness and its Relation to Aggressive Financial Reporting. The Accounting Review, 84(2), 467–496.
Ghozali, I. (2016). Aplikasi Analisis Multivariate dengan Program IBM SPSS 23. Badan Penerbit Universitas Diponegoro.
Hartadinata, O. S., & Farihah, E. (2021). The performance of go public bank in Indonesia: Before and during COVID-19. Berkala Akuntansi Dan Keuangan Indonesia, 109–121.
Hartadinata, O. S., & Tjaraka, H. (2013). Analisis Pengaruh Kepemilikan Manajerial Kebijakan Utang dan Ukuran Perusahaan terhadap Aggressiveness pada Perusahaan Manufaktur di Bursa Efek Indonesia Periode Tahun 2008-2010. Majalah Ekonomi, 23(3).
Hidayat, I. R., & Damayanti, T. W. (2021). Pengaruh Kepemilikan Manajerial Terhadap Agresivitas Pajak: Corporate Governance Sebagai Variabel Moderasi. Jurnal Proaksi, 8(2), 329–343.
Jensen, M. C., & Meckling, W. H. (1976). The Theory of The Firm: Managerial Behaviour, Agency Cost, and Ownership Structure. Journal of Financial and Economics, 77–132.
Prichard, W., Salardi, P., & Segal, P. (2018). Taxation, non-tax revenue and democracy: New evidence using new cross-country data. World Development, 109, 295–312.
Puspita, D., & Febrianti, M. (2017). Faktor-faktor yang memengaruhi penghindaran pajak pada perusahaan manufaktur di bursa efek Indonesia. Jurnal Bisnis Dan Akuntansi, 19(1), 38–46.
Rahmawati, A., Endang, M. W., & Agusti, R. R. (2016). Pengaruh pengungkapan corporate social responsibility dan corporate governance terhadap tax avoidance. Jurnal Perpajakan (JEJAK), 10(1).
Salaudeen, Y. M., & Ejeh, B. U. (2018). Equity ownership structure and corporate tax aggressiveness: The Nigerian context. Research Journal of Business and Management, 5(2), 90–99.
Sharma, S., Durand, R. M., & Gur-Arie, O. (1981). Identification and Analysis of Moderator Variables. Journal of Marketing Research, 18(3), 291.
Sonia, S., & Suparmun, H. (2019). Factors influencing tax avoidance. 5th Annual International Conference on Accounting Research (AICAR 2018), 238–243.
Sugiharti, L., Farihah, E., Hartadinata, O. S., & Ajija, S. R. (2021). Statistik multivariat untuk ekonomi dan bisnis: menggunakan software SPSS. Airlangga University Press.
Tanko, U. M. (2020). The moderating effect of profitability on the relationship between ownership structure and corporate tax avoidance in Nigeria listed consumers goods firms. International Journal of Business and Technopreneurship, 10(2), 153–172.
Thomas, J., & Zhang, F. (2014). Valuation of tax expense. Review of Accounting Studies, 19, 1436–1467.
Wahidahwati, W. (2002). Pengaruh kepemilikan manajerial dan kepemilikan institusional pada kebijakan hutang perusahaan: Sebuah perspektif theory agency. The Indonesian Journal of Accounting Research, 5(1).
Wahyuni, S. D., & Prastiwi, D. (2020). Pengaruh Capital Intensity Terhadap Tax Aggressiveness Dengan Profitabilitas Sebagai Variabel Moderasi. Jurnal Akuntansi AKUNESA, 9(1).
Windaswari, K. A., & Merkusiwati, N. K. L. A. (2018). Pengaruh Koneksi Politik, Capital Intensity, Profitabilitas, Leverage dan Ukuran Perusahaan Pada Agresivitas Pajak. E-Jurnal Akuntansi Universitas Udayana, 23(3), 1980–2008.
Zahirah, A., Nurazlina, N., & Rusli, R. (2017). Pengaruh leverage, kepemilikan institusional, kepemilikan manajerial dan ukuran perusahaan terhadap penghindaran pajak (studi pada perusahaan manufaktur yang terdaftar di BEI periode 2013-2015). Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi, 4(1), 1–14.
Published
2025-02-07
How to Cite
PRAKOSO, Damar Agung; LASMANA, Mienati Somya; HARTADINATA, Okta Sindhu.
Managerial Ownership and Tax Aggressiveness with Profitability Moderation: Ex-ante Period of Fiscal Transition Due to the Pandemic.
E-Jurnal Akuntansi, [S.l.], v. 35, n. 4, feb. 2025.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/113539>. Date accessed: 30 apr. 2025.
Issue
Section
Articles
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
