MODERATING GOOD CORPORATE GOVERNANCE EFFECT SALES GROWTH, CONSERVATISME ACCOUNTING AND LIQUIDITY RISK TERHADAP AGRESIVITAS PAJAK (Studi pada Perusahaan Manufaktur dan Jasa Keuangan Terdaftar BEI)
Abstract
ABSTRACT
The principles of good corporate governance can weaken the relationship between liquidity risk and tax aggressiveness. provide empirical evidence of the influence of accounting conservatism, sales growth, and liquidity on tax aggressiveness. Tax aggressiveness is influenced by factors in the sales growth variable, accounting conservatism, and liquidity. Research adds control variables, namely company size and leverage by corporate governance (GCG) can strengthen or weaken the tax aggressiveness of case studies on the Indonesia Stock Exchange. The hypothesis in this study was tested using a statistical linear regression model tool, testing 3 models 1) a moderating approach (2) with moderation, (3) good corporate governance as an independent variable.
The research samples from the annual financial statements of companies engaged in the consumption industry listed on the Indonesia Stock Exchange. The purposive sampling method and 15 selected consumption industry manufacturing companies according to the criteria from the 2011-2017 period were selected as the study sample. The analytical method in this study uses multiple regression analysis, classic assumption test and hypothesis testing by adding to the moderation of Good Corporate Governance.
Effect sale growth, the test results that accounting conservatism have no significant effect on tax aggressiveness fail to reject Ho or be accepted, while sales growth does not affect tax aggressiveness means H₂ fails to reject the hypothesis and, liquidity does not significantly influence tax aggressiveness means H₃ is rejected. Whereas based on the F test, it was found that accounting conservatism, sales growth, and liquidity simultaneously had an effect on tax aggressiveness. This study proved the role of implementing good corporate governance strengthened to reduce the occurrence of tax aggressiveness. The sensitivity test results show that proxy (2) is better or more accurate than proxy (1 and 3) based on the negative value to R square and higher classification accuracy.
Keywords: Good corporate governance, accounting conservatism, sales growth, liquidity, size, leverage tax aggressiveness
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