Apakah Profitabilitas Memoderasi Pengaruh Penghindaran Pajak Terhadap Nilai Perusahaan? Bukti Empiris dari Indonesia
Abstract
The purpose of the study was to examine the effect of tax avoidance and audit quality on firm value with profitability as a moderating variable. Measurement of tax avoidance is carried out using the Effective Tax Rate (ETR). Meanwhile, audit quality uses a dummy indicator, namely the classification of the Big Four KAP auditors and KAP auditors Other than the Big Four and profitability is measured using Return on Assets (ROA). This study involved a sample of 54 companies that were registered on IDX in 2015-2019. The analysis technique used is Moderated Regression Analysis (MRA). The results showed that tax avoidance had no effect on firm value, although audit quality had a positive effect on firm value. The moderating variable for profitability affects the relationship between tax avoidance and firm value, but the moderating variable for profitability does not affect the relationship between audit quality and firm value.
Keywords: Tax Avoidance; Profitability; Firm Value; Audit Quality.
Downloads
Download data is not yet available.
References
Abba, H. I., & Sadah, A. A. (2020). Audit Quality And Firm Value Of Listed Deposit Money Banks In Nigeria. International Journal of Economics and Financial Issues, 1(4), 269–282. http://arfjournals.com/abstract/52477_5_hirhyel_ibrahim.pdf
Ahmed, A. S., & Iwasaki, T. (2021). Foreign Ownership, Appointment Of Independent Directors, And Firm Value: Evidence from Japanese firms. Journal of International Accounting, Auditing and Taxation, 43. https://doi.org/10.1016/j.intaccaudtax.2021.100401
Akbari, F., Salehi, M., & Bagherpour Vlashani, M. A. (2019). The Relationship Between Tax Avoidance And Firm Value With Income Smoothing: A Comparison Between Classical And Bayesian Econometric In Multilevel Models. International Journal of Organizational Analysis, 27(1), 125–148. https://doi.org/10.1108/IJOA-09-2017-1235
Alstadsæter, A., Johannesen, N., le Guern Herry, S., & Zucman, G. (2022). Tax Evasion And Tax Avoidance. Journal of Public Economics, 206. https://doi.org/10.1016/j.jpubeco.2021.104587
Astuti, N. K. B., & Yadnya, I. P. (2019). Pengaruh Profitabilitas, Likuiditas, Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Melalui Kebijakan Dividen. E-Jurnal Manajemen Universitas Udayana, 8(5), 3275. https://doi.org/10.24843/ejmunud.2019.v08.i05.p25
Benkraiem, R., Uyar, A., Kilic, M., & Schneider, F. (2021). Ethical behavior, auditing strength, and tax evasion: A worldwide perspective. Journal of International Accounting, Auditing and Taxation, 43. https://doi.org/10.1016/j.intaccaudtax.2021.100380
Deangelo, L. E. (1981). Auditor Size and Audit Quality. Journal of Accounting and Economics, 183–199.
Dewi, E. P., & Husain, T. (2020). Pengaruh Intellectual Capital Dan Kualitas Audit Terhadap Nilai Perusahaan Dengan Dividend Policy Sebagai Variabel Moderasi. Ultima Accounting, 11(2), 142–159. https://doi.org/10.31937/akuntansi.v11i2.1428
Hasan, M. M., Lobo, G. J., & Qiu, B. (2021). Organizational capital, corporate tax avoidance, and firm value. Journal of Corporate Finance, 70. https://doi.org/10.1016/j.jcorpfin.2021.102050
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. Journal of Financial Economics, 305–360. https://doi.org/10.1177/0018726718812602
Kafouros, M., Chandrashekar, S. P., Aliyev, M., & Au, A. K. M. (2022). How Do Formal And Informal Institutions Influence Firm Profitability In Emerging Countries? Journal of International Management, 28(1). https://doi.org/10.1016/j.intman.2021.100890
Kurniawan, A., & Syafruddin, M. (2017). Pengaruh Penghindaran Pajak Terhadap Nilai Perusahaan Dengan Variabel Moderasi Transparansi. Diponegoro Journal of Accounting, 6(4), 94–103.
Lestari, N., & Ningrum, S. A. (2018). Pengaruh Manajemen Laba Dan Tax Avoidance Terhadap Nilai Perusahaan Dengan Kualitas Audit Sebagai Variabel Moderasi. Journal of Applied Accounting and Taxation, 3(1), 100–109. https://doi.org/10.30596/liabilities.v1i3.2496
Liu, X., Li, M., Tong, J. Y., & Zhang, F. (2022). CFO Gender And Tax Aggressiveness: Evidence From China. Pacific Basin Finance Journal, 71. https://doi.org/10.1016/j.pacfin.2021.101679
Magdalena, R. (2019). Analisis Pengaruh Profitabilitas, Likuiditas Dan Penghindaraan Pajak Terhadap Nilai Perusahaan Dengan Transparansi Sebagai Variable Moderasi. Sosial Dan Humaniora, 1–10.
Mappadang, A. (2021). Profita: Komunikasi Ilmiah Akuntansi dan Perpajakan Volume 14 Nomor 1 |. Profita: Komunikasi Ilmiah Akuntansi Dan Perpajakan, 14(1), 1–13. https://doi.org/10.22441/profita.2021.v14i1.001
Mardiyaningsih, & Kamil, K. (2020). Pengaruh Komisaris Independen, Komite Audit, Kualitas Audit Terhadap Nilai Perusahaan. Sekolah Tinggi Ilmu Ekonomi Indonesia, 1–15.
Puspawijaya, D. A., & Sasongko, N. (2021). Pengaruh Leverage, Profitabilitas, Kualitas Audit, Opini Auditor, Kebijakan Dividen Terhadap Nilai Perusahaan. Seminar Nasional Akuntansi (SeNaPaN), 1(1). https://doi.org/https://doi.org/10.33005/senapan.v1i1.102
Septyanto, D. (2013). Faktor-Faktor Yang Mempengaruhi Investor Individu Dalam Pengambilan Keputusan Investasi Sekuritas Di Bursa Efek Indonesia. Jurnal Ekonomi, 4(2), 90–101.
Shah, M. U., & Guild, P. D. (2022). Stakeholder Engagement Strategy Of Technology Firms: A Review And Applied View Of Stakeholder Theory. Technovation, 114. https://doi.org/10.1016/j.technovation.2022.102460
Tandean, V. A., & Jonathan. (2016). Pengaruh Tax Avoidance Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Pemoderasi. Prosiding Seminar Nasional Multi Disiplin Ilmu UNISBANK, 703–708.
Warno, & Fahmi, U. (2020). Pengaruh Tax Avoidance dan Biaya Agensi terhadap Nilai Perusahaan dengan Kualitas Audit sebagai Variabel Moderasi pada Perusahaan LQ45. EL Muhasaba Jurnal Akuntansi, 11(2), 188–201. https://doi.org/10.18860/em.v11i2.9225
Xie, S., Lin, B., & Li, J. (2022). Political Control, Corporate Governance and Firm Value: The Case of China. Journal of Corporate Finance, 72. https://doi.org/10.1016/j.jcorpfin.2022.102161
Ahmed, A. S., & Iwasaki, T. (2021). Foreign Ownership, Appointment Of Independent Directors, And Firm Value: Evidence from Japanese firms. Journal of International Accounting, Auditing and Taxation, 43. https://doi.org/10.1016/j.intaccaudtax.2021.100401
Akbari, F., Salehi, M., & Bagherpour Vlashani, M. A. (2019). The Relationship Between Tax Avoidance And Firm Value With Income Smoothing: A Comparison Between Classical And Bayesian Econometric In Multilevel Models. International Journal of Organizational Analysis, 27(1), 125–148. https://doi.org/10.1108/IJOA-09-2017-1235
Alstadsæter, A., Johannesen, N., le Guern Herry, S., & Zucman, G. (2022). Tax Evasion And Tax Avoidance. Journal of Public Economics, 206. https://doi.org/10.1016/j.jpubeco.2021.104587
Astuti, N. K. B., & Yadnya, I. P. (2019). Pengaruh Profitabilitas, Likuiditas, Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Melalui Kebijakan Dividen. E-Jurnal Manajemen Universitas Udayana, 8(5), 3275. https://doi.org/10.24843/ejmunud.2019.v08.i05.p25
Benkraiem, R., Uyar, A., Kilic, M., & Schneider, F. (2021). Ethical behavior, auditing strength, and tax evasion: A worldwide perspective. Journal of International Accounting, Auditing and Taxation, 43. https://doi.org/10.1016/j.intaccaudtax.2021.100380
Deangelo, L. E. (1981). Auditor Size and Audit Quality. Journal of Accounting and Economics, 183–199.
Dewi, E. P., & Husain, T. (2020). Pengaruh Intellectual Capital Dan Kualitas Audit Terhadap Nilai Perusahaan Dengan Dividend Policy Sebagai Variabel Moderasi. Ultima Accounting, 11(2), 142–159. https://doi.org/10.31937/akuntansi.v11i2.1428
Hasan, M. M., Lobo, G. J., & Qiu, B. (2021). Organizational capital, corporate tax avoidance, and firm value. Journal of Corporate Finance, 70. https://doi.org/10.1016/j.jcorpfin.2021.102050
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. Journal of Financial Economics, 305–360. https://doi.org/10.1177/0018726718812602
Kafouros, M., Chandrashekar, S. P., Aliyev, M., & Au, A. K. M. (2022). How Do Formal And Informal Institutions Influence Firm Profitability In Emerging Countries? Journal of International Management, 28(1). https://doi.org/10.1016/j.intman.2021.100890
Kurniawan, A., & Syafruddin, M. (2017). Pengaruh Penghindaran Pajak Terhadap Nilai Perusahaan Dengan Variabel Moderasi Transparansi. Diponegoro Journal of Accounting, 6(4), 94–103.
Lestari, N., & Ningrum, S. A. (2018). Pengaruh Manajemen Laba Dan Tax Avoidance Terhadap Nilai Perusahaan Dengan Kualitas Audit Sebagai Variabel Moderasi. Journal of Applied Accounting and Taxation, 3(1), 100–109. https://doi.org/10.30596/liabilities.v1i3.2496
Liu, X., Li, M., Tong, J. Y., & Zhang, F. (2022). CFO Gender And Tax Aggressiveness: Evidence From China. Pacific Basin Finance Journal, 71. https://doi.org/10.1016/j.pacfin.2021.101679
Magdalena, R. (2019). Analisis Pengaruh Profitabilitas, Likuiditas Dan Penghindaraan Pajak Terhadap Nilai Perusahaan Dengan Transparansi Sebagai Variable Moderasi. Sosial Dan Humaniora, 1–10.
Mappadang, A. (2021). Profita: Komunikasi Ilmiah Akuntansi dan Perpajakan Volume 14 Nomor 1 |. Profita: Komunikasi Ilmiah Akuntansi Dan Perpajakan, 14(1), 1–13. https://doi.org/10.22441/profita.2021.v14i1.001
Mardiyaningsih, & Kamil, K. (2020). Pengaruh Komisaris Independen, Komite Audit, Kualitas Audit Terhadap Nilai Perusahaan. Sekolah Tinggi Ilmu Ekonomi Indonesia, 1–15.
Puspawijaya, D. A., & Sasongko, N. (2021). Pengaruh Leverage, Profitabilitas, Kualitas Audit, Opini Auditor, Kebijakan Dividen Terhadap Nilai Perusahaan. Seminar Nasional Akuntansi (SeNaPaN), 1(1). https://doi.org/https://doi.org/10.33005/senapan.v1i1.102
Septyanto, D. (2013). Faktor-Faktor Yang Mempengaruhi Investor Individu Dalam Pengambilan Keputusan Investasi Sekuritas Di Bursa Efek Indonesia. Jurnal Ekonomi, 4(2), 90–101.
Shah, M. U., & Guild, P. D. (2022). Stakeholder Engagement Strategy Of Technology Firms: A Review And Applied View Of Stakeholder Theory. Technovation, 114. https://doi.org/10.1016/j.technovation.2022.102460
Tandean, V. A., & Jonathan. (2016). Pengaruh Tax Avoidance Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Pemoderasi. Prosiding Seminar Nasional Multi Disiplin Ilmu UNISBANK, 703–708.
Warno, & Fahmi, U. (2020). Pengaruh Tax Avoidance dan Biaya Agensi terhadap Nilai Perusahaan dengan Kualitas Audit sebagai Variabel Moderasi pada Perusahaan LQ45. EL Muhasaba Jurnal Akuntansi, 11(2), 188–201. https://doi.org/10.18860/em.v11i2.9225
Xie, S., Lin, B., & Li, J. (2022). Political Control, Corporate Governance and Firm Value: The Case of China. Journal of Corporate Finance, 72. https://doi.org/10.1016/j.jcorpfin.2022.102161
Published
2022-03-26
How to Cite
RAHMAN, Arief; ASTUTI, Ayu Tri.
Apakah Profitabilitas Memoderasi Pengaruh Penghindaran Pajak Terhadap Nilai Perusahaan? Bukti Empiris dari Indonesia.
E-Jurnal Akuntansi, [S.l.], v. 32, n. 3, p. 606-616, mar. 2022.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/83647>. Date accessed: 23 nov. 2024.
doi: https://doi.org/10.24843/EJA.2022.v32.i03.p04.
Issue
Section
Artikel
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
