PENGARUH PERENCANAAN PAJAK DAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to analyze and examine the effect of tax planning and Good Corporate Governance (GCG) on firm value. The independent variables namely tax planning which was measured by Effective Tax Rate (ETR) and Good Corporate Governance which was measured by managerial ownership, institutional ownership, and audit committee. While, the dependent variable was firm value which was measured by Price to Book Value (PBV). The research was quantitative with secondary data. The population was Consumption Goods manufacturing companies which were listed on Indonesia Stock Exchange (IDX) during 2018-2020. Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with that, there were 23 companies with 69 samples. As there was data which was not normally distributed, 9 data were outliers. So, totally 42 data were used as the sample. Furthermore, the data sources were consolidated financial statements. Additionally, the data analysis technique used multiple linear regression with SPSS 26. The research result concluded that tax planning as well as the audit committee had a negative effect on firm value. On the other hand, managerial ownership, institutional ownership and independent commissioner did not affect firm value.