The Effect of Tax Planning and Leverage on Firm Value with Firm Size as a Moderating Variable

Samuel Niko Putra, Mayangsari Edastami

Abstract


This study aims to examine the influence of tax planning and leverage on firm value using firm size as a moderating variable. The model employed in this study is a descriptive quantitative research design using secondary data. The population in this study includes consumer goods sector companies listed on the Indonesia Stock Exchange from 2018-2023. The sample selection process used a purposive sampling method, resulting in 156 observations from 26 companies selected as samples. Hypothesis testing is conducted using a moderation analysis model. The results of the study indicate that tax planning affects firm value and leverage affects firm value. Firm size as a moderating variable is capable of moderating the influence of tax planning and leverage on firm value.


Keywords


tax planning, leverage, firm value, firm size.

Full Text:

PDF

References


Agustina, E., & Malau, M. 2023. Financial Distress, Earnings Management, and Leverage Effect on Firm Value with Firm Size as a Moderation Variable. International Journal of Social Service and Research, 3(3), 856–868.

Brigham, E. F., & Houston, J. F. 2015. Fundamentals of Financial Management, Concise 8th Edition. Cengage Learning.

Gonçalves, T. C., Dias, J., & Barros, V. 2022. Sustainability Performance and the Cost of Capital. International Journal of Financial Studies, 10(3).

Hendrani, A., & Septyanto, D. 2021. The Effect of Return on Asset, Debt to Equity Ratio, and Company Size on Company Value in Manufacturing Companies in the Food and Beverage Sub-Sector on the IDX for 2014-2018. KnE Social Sciences.

Ispriyahadi, H., Abdulah, B., & Muhammadiyah Jakarta, S. 2021. Analysis of The Effect of Profitability, Leverage, and Firm Size on Firm Value. Management and Accounting, 3.

Khaoula, F., & Moez, D. 2019. The Moderating Effect of the Board of Directors on Firm Value and Tax Planning: Evidence from European Listed Firms. Borsa Istanbul Review, 19(4), 331–343.

Le, V. H., Vu, T. A. T., & Nguyen, M. H. 2022. Tax Planning and Firm Value: The Case of Companies With Different State Ownership in Vietnam. Journal of Eastern European and Central Asian Research, 9(2), 333–343.

Liu, X., & Zhang, C. 2017. Corporate Governance, Social Responsibility Information Disclosure, and Enterprise Value in China. Journal of Cleaner Production, 142, 1075–1084.

Wahyudi, F. A., & Sholahuddin, M. 2022. The Effect of Profitability, Leverage, and Firm Size on Firm Value (Case of Registered Companies in Jakarta Islamic Index 2015-2020 Period). Advances in Economics, Business and Management Research, 218.

Yani, V., & Stiawan, H. 2022. The Effect of Tax Planning, Prudence, and Agency Costs on Firm Value. SOSMANIORA (Jurnal Ilmu Sosial dan Humaniora), 1(3), 328–338




DOI: http://dx.doi.org/10.33087/ekonomis.v8i2.2060

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Ekonomis: Journal of Economics and Business Published by Lembaga Penelitian dan Pengabdian kepada Masyarakat
Adress: LPPM Universitas Batanghari, Jl.Slamet Ryadi, Broni-Jambi, Kec.Telanaipura, Kodepos: 36122, email: ekonomis.unbari@gmail.com, Phone: 0741-670700

Creative Commons License This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.