The Effect of Tax Planning and Profitability on Company Value with Good Corporate Governance as a Moderating Variable
DOI:
https://doi.org/10.36555/jasa.v9i3.2920Keywords:
Firm Value, Good Corporate Governance, Profitability, Tax PlanningAbstract
This research aims to investigate the impact of Tax Planning and Profitability on a company's value, with Good Corporate Governance (GCG) serving as a moderating factor. The purpose of this investigation is to gain insight into how tax regulations and profitability impact corporate value, along with the contribution of effective governance in managing this relationship. By employing quantitative techniques, the study analyzes secondary information from 61 manufacturing firms registered on the Indonesia Stock Exchange (IDX) from 2019 to 2023, utilizing various methods, including linear regression and moderated regression analysis (MRA). The findings reveal that Tax Planning positively and significantly affects a company's value. However, there is a lack of evidence suggesting that profitability has a considerable effect on corporate worth. Furthermore, GCG has a significant negative moderating effect on the relationship between tax planning and company value, indicating that the positive effects of tax planning might be diminished. On the other hand, GCG shows a substantial positive impact on the relationship between a firm's value and profitability. This research concludes that while Tax Planning is vital for enhancing company value, the application of GCG may influence this relationship.
References
Alamsah, J., & Adi, A. E. (2022). Pengaruh perencanaan pajak dan capital intensity terhadap nilai perusahaan. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 4(12), 5564–5571. https://doi.org/10.32670/fairvalue.v4i12.2015
Anisran, F., & Ma’wa, M. A. F. (2023). Pengaruh Tax Planning Dan Tax Avoidance Terhadap Nilai Perusahaan dengan Transparansi Perusahaan Sebagai Variabel Moderasi. Jurnal Akuntansi Trisakti, 318. https://doi.org/http://dx.doi.org/10.25105/jat.v10i2.17104
Apriliana, & Fidiana. (2021). Pengaruh Good Corporate Governance dan Pertumbuhan Laba Terhadap Nilai Perusahaan. Jurnal Ilmu Dan Riset Akuntansi. https://jurnalmahasiswa.stiesia.ac.id/index.php/jira/article/view/4044/4056
Chukwudi, U. V., Okonkwo, O. T., & Asika, E. R. (2020). Effect of tax planning on firm value of quoted consumer goods manufacturing firms in Nigeria. International Journal of Finance and Banking Research, 6(1), 1-10. https://doi.org/10.11648/j.ijfbr.20200601.11
Djati, E. K., & Susilowati, C. (2022). Analisis Penerapan Prinsip Good Corporate Governance Dalam Meningkatkan Kinerja Perusahaan Pada Perusahaan Manufaktur Kayu PT DLI. 7(09). https://doi.org/10.36418/syntax-literate.v7i9.14022
Effivani, & Effendi, M. A. (2023). Pengaruh Tax Planning dan Faktor Lainnya terhadap Nilai Perusahaan. E-Jurnal Akuntansi TSM, 3(1), 175–186. https://doi.org/10.34208/ejatsm.v3i1.1930
Fatoni, H. A., & Yuliana, I. (2021). Pengaruh Profitabilitas Terhadap Nilai Perusahaan Dengan Good Corporate Governance (GCG) Sebagai Variabel Moderasi. Sistem Informasi, Keuangan, Auditing Dan Perpajakan, 5(2), 137–143. https://doi.org/https://doi.org/10.32897/jsikap.v5i2.215
Magfiroh, L. (2022). Pengaruh Struktur Modal, Profitabilitas, dan Pertumbuhan Perusahan Dengan Good Corporate Governance (GCG) Sebagai Variabel Moderasi (Studi pada Perusahaan Property dan Real estate Periode 2016-2021).
Maqfida, M. N. (2021). Pengaruh Profitabilitas, Leverage, dan Corporate Social Responsibility Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Periode 2016-2019.
Nadhifah, M., & Arif, A. (2020). Transfer Pricing, Thin Capitalization, Financial Distress, Earning Management, dan Capital Intensity Terhadap Tax Avoidance Dimoderasi Oleh Sales Growht. Jurnal Magister Akuntansi Trisakti, 7(2), 145–170. http://dx.doi.org/10.25105/jmat.v7il.6311
Ndruru, M., Silaban, P. B., Sihaloho, J., Manurung, K. M., & Sipahutar, T. T. U. (2020). Pengaruh likuiditas, leverage, dan profitabilitas terhadap nilai perusahaan pada perusahaan manufaktur Tahun 2015-2017. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 4(3), 390-405. https://doi.org/10.31955/mea.vol4.iss3.pp390-405
Rajab, R. A., Taqiyyah, A. N., & Fitriyani Fitriyani, K. A. (2022). Pengaruh tax planning, tax avoidance, dan manajemen laba terhadap nilai perusahaan. JPPI (Jurnal Penelitian Pendidikan Indonesia), 8(2), 472. https://doi.org/https://doi.org/10.29210/020221518
Siallagan, H., & Machfoedz, M. (2006). Mekanisme Corporate Governance, Kualitas Laba dan Nilai Perusahaan. Simposium Nasional Akuntansi 9 Padang, 061, 23–26.
Sitorus, R. R., & Bowo, A. T. (2018). Pengaruh Capital Intensity Dan Inventory Intensity Terhadap Agresivitas Pajak Yang Dimoderasi Oleh GCG (Good Corporate Governance). Media Akuntansi Perpajakan, 3(2), 17–29. http://journal.uta45jakarta.ac.id/index.php/MAP
Sugiyono. (2013). metode penelitian kuantitatifkualitatif dan R&D.
Swardika, I. N., & Mustanda, I. K. (2020). Pengaruh Ukuran Perusahaan, Pertumbuhan Penjualan Dan Profitabilitas Terhadap Nilai Perusahaan. E-Jurnal Manajemen Unud, 6(1), 1248–1277. https://doi.org/10.21067/jrmm.v6i1.4467
Wardani, D. K., Primastiwi, A., & Marpaung, S. Y. (2020). Pengaruh tax planning terhadap nilai perusahaan dengan corporate governance sebagai variabel moderasi. Media Akuntansi Perpajakan, 5(2), 39-47. https://doi.org/10.52447/map.v5i2.4362
Downloads
Published
How to Cite
Issue
Section
Citation Check
License
Copyright (c) 2025 JASa (Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi)
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
