PENERAPAN GOOD CORPORATE GOVERNANCE DAN PERENCANAAN PAJAK TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of managerial ownership, institutional ownership, board of commissionaire, audit committee, and tax planning measured by Effective Tax Rate (ETR) on the firm value which was measured by Price Book Value (PBV).The research was quantitative, in which to find out the cause and effect among the variables. Moreover, the population was 125 Food and Beverage manufacturing companies listed on the Indonesia Stock Exchange during 2017- 2021. Furthermore, the data collection technique used purposive sampling i.e., a sample determination method based on the determined criteria by the researcher. In line with that, there were 85 companies as the sample during the observation for 5 years (2017-2021).The result identified that: (1) managerial ownership had a positive effect on firm value; (2) institutional ownership did not affect firm value; (3) The board of commissioners did not affect firm value; (4) The audit committee did not affect firm value; and (5) tax planning did not affect the firm value of Food and Beverage manufacturing companies.