PENGARUH TAX AVOIDANCE, GOOD CORPORATE GOVERNANCE, DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN

Abstract

Abstrak

Penelitian ini bertujuan untuk menganalisis pengaruh tax avoidance, good corporate governance, dan kinerja perusahaan terhadap nilai perusahaan. Permasalahan utama dalam penelitian ini adalah fluktuasi nilai perusahaan yang diduga dipengaruhi oleh praktik penghindaran pajak dan efektivitas tata kelola perusahaan. Penelitian ini menggunakan pendekatan kuantitatif dengan metode regresi linear berganda. Sampel penelitian terdiri dari perusahaan sektor keuangan yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2021-2024 yang dipilih dengan metode purposive sampling. Variabel Tax Avoidance diukur menggunakan proksi Effective Tax Rate (ETR), Good Corporate Governance dinilai melalui kepemilikan institusional, sementara kinerja perusahaan diukur dengan Return on Assets (ROA). Nilai perusahaan diukur menggunakan Tobin’s Q. Penelitian ini menggunakan regresi data panel dengan menggunakan Eviews 13. Hasil penelitian menunjukkan bahwa (1) Tax Avoidance, Good Corporate Governance, dan Kinerja Keuangan secara simultan berpengaruh signifikan terhadap nilai perusahaan, (2) Tax Avoidance tidak berpengaruh terhadap nilai perusahaan, (3) Good Corporate Governance tidak berpengaruh terhadap nilai perusahaan, dan (4) Kinerja Keuangan berpengaruh terhadap nilai perusahaan.

Kata Kunci: Tax Avoidance; Good Corporate Governance; Kinerja Keuangan; Nilai Perusahaan

Abstract

This study aims to analyze the influence of Tax Avoidance, Good Corporate Governance, and Financial Performance on Firm Value. The main issue in this research is the fluctuation in firm value suspected to be affected by tax avoidance practices and the effectiveness of corporate governance. This study uses a quantitative approach with a multiple linear regression method. The research sample consists of financial sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021-2024 period, selected using purposive sampling. The Tax Avoidance variable is measured using the Effective Tax Rate (ETR) proxy, Good Corporate Governance is assessed through institutional ownership, while company performance is measured by Return on Assets (ROA). Firm value is measured using Tobin’s Q. The study utilizes panel data regression with EViews 13. The results indicate that: (1) tax avoidance, good corporate governance, and financial performance simultaneously have a significant effect on firm value, (2) tax avoidance does not significantly affect firm value, (3) good corporate governance does not significantly affect firm value, and (4) financial performance significantly influences firm value.

Keywords: Tax Avoidance; Good Corporate Governance; Financial Performance; Firm Value