PENGARUH TAX PLANNING, LEVERAGE DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research determines the effect of tax planning, leverage, and profitability on the firm value of Energy Mining companies listed on the Indonesia Stock Exchange (IDX) during 2021-2023. The tax planning was referred to as Effective Tax Rate current (ETR), leverage was referred to as Debt to Equity Ratio (DER), profitability was referred to as Return On Equity (ROE), and firm value was referred to as Price to Book Value (PBV). The research applies quantitatively. Furthermore, the population comprises 71 Energy Mining companies listed on IDX 2021-2023. The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 43 companies as a sample. Moreover, the data were secondary, in the form of companies’ financial statements. The data analysis technique used multiple linear regression. The result shows that tax planning has a positive effect on firm value of Energy Mining companies. However, leverage does not affect firm value of Energy Mining companies. Meanwhile, profitability has a positive effect on the firm value of Energy Mining companies listed on IDX during 2021-2023.
Keywords: tax planning, leverage, profitability, and firm value