Insentif Pajak Memoderasi Pengaruh Book-Tax Differences Terhadap Trading Volume Activity
Abstract
This study aims to obtain empirical evidence on whether book-tax differences (BTD) have a negative effect on trading volume activity (TVA) and whether tax incentives (INST) moderate this effect. The population is companies that are included in the Kompas 100 Index listed on the IDX during the period 2019 and 2020. The sample technique used is purposive sampling with research data of 93 observations. The analysis used in this research is multiple linear regression analysis and Moderated Regression Analysis (MRA). The results show that BTD has a negative effect on TVA. INST in this study does not moderate the effect of BTD on TVA, but INST acts as a predictor variable, meaning that tax incentives have a positive effect on TVA.
Keywords : Book-Tax Differences; Trading Volume Activity; Tax Incentives.
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References
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Tang, T. Y. H. (2015). Does Book-Tax Conformity Deter Opportunistic Book and Tax Reporting? An International Analysis. European Accounting Review, 24(3), 441–469. https://doi.org/10.1080/09638180.2014.932297
Tang, T. Y. H., & Firth, M. (2012). Earnings persistence and stock market reactions to the different information in book-tax differences: Evidence from China. The International Journal of Accounting, 47(3), 369–397.
Agustina, L., Gunawan, Y., & Chandra, W. (2018a). The Impact of Tax Amnesty Announcement towards Share Performance and Market Reaction in Indonesia. 7(2), 39–47. https://doi.org/10.5430/afr.v7n2p39
Agustina, L., Gunawan, Y., & Chandra, W. (2018b). The Impact of Tax Amnesty Announcement towards Share Performance and Market Reaction in Indonesia. Accounting and Finance Research, 7(2), 39–47.
Alexander, A., & Kadafi, M. A. (2018). Analisis abnormal return dan trading volume activity sebelum dan sesudah stock split pada perusahaan yang terdaftar di bursa efek indonesia. Jurnal Manajemen, 10(1), 1–6.
Arif Subakti, Hidayat. (2020). Efek Corona, Transaksi Harian BEI Bisa Capai Rp 7 T Tahun Ini. Diakses pada 1 November 2020, dari https://www.cnbcindonesia.com/market/20200413153714-17-151557/efek-corona-transaksi-harian-bei-bisa-capai-rp-7-t-tahun-ini.
Bird, R., & Davis-Nozemack, K. (2018). Tax avoidance as a sustainability problem. Journal of Business Ethics, 151(4), 1009–1025.
Comprix, J., Graham, R. C., & Moore, J. A. (2011). Empirical evidence on the impact of book-tax differences on divergence of opinion among investors. Journal of the American Taxation Association, 33(1), 51–78.
Fletcher, K. (2002). Tax Incentives in Cambodia, Lao PDR, and Vietnam. IMF Conference on Foreign Direct Investment, Hanoi, 16–17.
G, E. F. S., Aisyah, N., Pulungan, F., & Subiyanto, B. (2021). The Relationships between Abnormal Return , Trading Volume Activity and Trading Frequency Activity during the COVID-19 in Indonesia. 8(2), 737–745. https://doi.org/10.13106/jafeb.2021.vol8.no2.0737
Ghozali, I. (2018). Aplikasi analisis multivariate dengan program IBM SPSS 25.
Graham, J. R., & Tucker, A. L. (2006). Tax shelters and corporate debt policy. Journal of Financial Economics, 81(3), 563–594.
Jonathan, J., & Machdar, N. M. (2018). Pengaruh Kualitas Laba Terhadap Nilai Perusahaan Dengan Reaksi Pasar Sebagai Variabel Intervening. Jurnal Riset Manajemen Dan Bisnis, 3(1), 67–76.
Kim, J.-B., Li, Y., & Zhang, L. (2011). Corporate tax avoidance and stock price crash risk: Firm-level analysis. Journal of Financial Economics, 100(3), 639–662. https://doi.org/10.1016/j.jfineco.2010.07.007
Kim, J. (2020). Does Taxable Income under Full Disclosure of Earnings Provide Incrementally Useful Information to Investors ?*. 7(9), 271–281. https://doi.org/10.13106/jafeb.2020.vol7.no9.271
Moore, J. A., & Xu, L. (2018). Book-tax differences and costs of private debt. Advances in Accounting, 42, 70–82.
Nadya Utami, Dhiany. (2020). Walau Ada Pandemi Covid-19, Pendanaan Lewat Pasar Modal Belum Surut. Diakses pada 1 November 2020, dari https://market.bisnis.com/read/20200511/7/1239123/walau-ada-pandemi-covid-19-pendanaan-lewat-pasar-modal-belum-surut.
Rudyanto, A., & Pirzada, K. (2020). The role of sustainability reporting in shareholder perception of tax avoidance. Social Responsibility Journal.
Rusydi, M. K., & Djakman, C. D. (2016). Pengaruh Books-Tax Differences terhadap Investor Trading. Jurnal Akuntansi Multiparadigma, 7(1), 101–109.
Salehi, M., Khazaei, S., & Tarighi, H. (2019). Tax avoidance and corporate risk: evidence from a market facing economic Sanction country. The Journal of Asian Finance, Economics, and Business, 6(4), 45–52.
Sari, D., & Lyana, I. D. D. (2016). Book tax differences dan kualitas laba. Jurnal Akuntansi Multiparadigma, 6(3), 399–411.
Sharma, S. (1996). Applied multivariate techniques.
Tang, T., & Firth, M. (2011). Can book–tax differences capture earnings management and tax management? Empirical evidence from China. The International Journal of Accounting, 46(2), 175–204.
Tang, T. Y. H. (2015). Does Book-Tax Conformity Deter Opportunistic Book and Tax Reporting? An International Analysis. European Accounting Review, 24(3), 441–469. https://doi.org/10.1080/09638180.2014.932297
Tang, T. Y. H., & Firth, M. (2012). Earnings persistence and stock market reactions to the different information in book-tax differences: Evidence from China. The International Journal of Accounting, 47(3), 369–397.
Published
2022-02-26
How to Cite
SEPTIANI, Rinda; TJARAKA, Heru.
Insentif Pajak Memoderasi Pengaruh Book-Tax Differences Terhadap Trading Volume Activity.
E-Jurnal Akuntansi, [S.l.], v. 32, n. 2, p. 312-324, feb. 2022.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/80725>. Date accessed: 19 nov. 2024.
doi: https://doi.org/10.24843/EJA.2022.v32.i02.p03.
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