PENGARUH PERENCANAAN PAJAK, KEPEMILIKAN MANAJERIAL DAN FREE CASH FLOW TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of tax planning, managerial ownership, and free cash flow on the firm value. While the population was manufacturing companies which were listed on indonesia Stock Exchange 2015-2017. The research was correlational-quantitative. Moreover, the data were secondary, in which taken from Gallery Investment Indonesia Stock Exchange STIESIA Surabaya. Furthermore, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 23 samples of manufacturing companies with 69 observations during 3 years. In addition, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Services Solutions) 23.0. The research result concluded the tax planning did non effect the firm value. On the other hand, managerial ownership had affected the firm value. Likewise, free cash flow had affected the firm value. In addition, tax planning, managerial ownership and free cash flow had mutually affected the firm value.
Keywords: Tax Planning, Managerial Ownership, Free Cash Flow, Firm Value.