PENGARUH PENGHINDARAN PAJAK TERHADAP BIAYA HUTANG DENGAN KEPEMILIKAN INSTITUSIONAL SEBAGAI VARIABEL MODERASI

Abstract

This research aimed to examine the effect of tax avoidance on debt costs with institutional ownership as moderating variable. The tax avoidance was measured by the Current effective Tax Rate. The research useed4 dependent variables, namely companies age, company size, leverage, and Cash Flow Operation. The research was quantitative. Moreover, the data collection technique used the purspove sampling technique, in which the sample was based on the criteria given. Based on the purposive sampling, there ware 100 samples from 25 food and baverage manufacturing companies that were listed on Indonesia Stock Exchange (IDX) during 2018-2021. Furthermore, the data analusis technique used multiple linier regression, determination coefficient test (R2), and individual parameter significant test (t-test) with SPSS (Statistical Product and Service Solution) 21. The research result concluded that tax avoidance affected the debt costs of food and baverage manufacturing companies. In addition, institutional ownership could moderate both tax avoidance and debt cost.