PENGARUH PERENCANAAN PAJAK DAN MEKANISME CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN

Abstract

This research aims to analyze the influence of tax planning and corporate governance mechanisms that are proxied variables of cash effective tax rate, book-tax differences, managerial ownership, institutional ownership, independent commissioner, board size, and audit committee on the firm value. Objects in this research are banking companies which listed in the Indonesia Stock Exchange during the year of 2013-2016. The sample of this research using purposive sampling technique, obtained of 29 companies, with 116 observations that meet the sample criteria. The result of regression analysis shows that Cash Effective Tax Rate, and Audit Committee have significant negative influence to the firm value. Book-tax differences variables, independent board of commissioners have a significant positive influence on company value. managerial ownership, institutional ownership, the size of the board of directors has no significant influence on the firm value. Multiple linear regression model in research R2 is 0.269. This shows that 26,9% variable of company value can be explained by independent variable, and the rest equal to 73,1% explained by other factor outside model.
Keywords: tax planning, corporate governance mechanism, corporate value