The influence of ESG, profitability, and leverage on firm value with tax avoidance as an intervening
DOI:
https://doi.org/10.54957/educoretax.v5i3.1398Keywords:
ESG, Firm Value, Profitability leverage, Tax AvoidanceAbstract
This research aims to determine the influence of Environmental, Social Governance (ESG), profitability, and leverage on company value with tax avoidance as an intervening variable. The research method used is descriptive and verification. The sampling technique used is non-probability sampling with purposive sampling technique, so the samples used in this research are 80 annual reports of general manufacturing companies listed on the indonesia stock exchange (IDX) during 2018-2022. The data analysis technique used in this research is path analysis using Eviews 12. The research results show that Environmental, Social, Governance (ESG), profitability and leverage influence tax avoidance. Apart from that, the research results show that Environmental, Social, Governance (ESG), profitability, leverage and tax avoidance influence firm value. Meanwhile, based on indirect test results, it shows that there is an indirect influence of Environmental, Social Governance (ESG), profitability and leverage on firm value through tax avoidance.
References
Alareeni, B. A., & Hamdan, A. (2020). ESG impact on performance of US S&P 500-listed firms. Corporate Governance: The International Journal of Business in Society, 20(7), 1409–1428. https://doi.org/10.1108/CG-06-2020- 0258
Arie Pratama. (2021). Pengantar Pelaporan Korporat Kontemporer. Prenada Media.
Arinda, Sugi Suhartono, V. (2018). Analisis Pengaruh Profitabilitas Terhadap Nilai Perusahaan Dengan Tax Avoidance Sebagai Variabel Intervening. Jurnal Akuntansi, 7(1), 20–30. https://doi.org/10.46806/ja.v7i1.453
Brigham, E. F., dan Houston, J. F. (2019). Dasar-Dasar Manajemen Keuangan (Edisi Empat). Jakarta: Salemba Empat.
CNBC. (2023, 8 Juni). Pandemi Usai, IHSG Justru Catat Kinerja Paling Jeblok. Diakses tanggal 16 Februari 2025. https://www.cnbcindonesia.com/market/20230628140641-17-449948/pandemi-usai-ihsg-justru-catat-kinerja-paling-jeblok.
Chen, L., Usman, M., Gao, Y., Zoynul, M., & Lucey, B. (2023). Research in International Business and Finance Full length Article ESG disclosure and technological innovation capabilities of the Chinese listed companies. Research in International Business and Finance, 65(February), 101974. https://doi.org/10.1016/j.ribaf.2023.101974
Freeman, R. E., Harrison, J. S., Wicks, A. C., Parmar, B., & Colle, S. de. (2010). Stakeholder Theory: The State of The Art. In Journal of Petrology, 369(1). https://doi.org/10.1017/CBO9781107415324.004
Harahap, Sofyan Sayfri. (2018). Analisis Kritis Atas Laporan Keuangan Keuangan. Edisi 1. Cetakan Keempatbelas. Jakarta : PT Rajagrafindo Persada
Harjowiryono, M. (2019). Analisis faktor-faktor yang memengaruhi kepatuhan bendahara pemerintah dalam penyetoran pajak. Indonesian Treasury Review Jurnal Perbendaharaan Keuangan Negara Dan Kebijakan Publik, 4(3), 195–217. https://doi.org/10.33105/itrev.v4i3.156
Heldayat, F. M., & Sulfitri, V. (2025). Pengaruh Environmental Social Governance ( ESG ) , Leverage , Size dan Growth terhadap Nilai Perusahaan. 5, 559–577.
Husain, F. (2021). Pengaruh Rasio Likuiditas dan Rasio Profitabilitas terhadap Harga Saham Pada Perusahaan Indeks IDX-30. 04, 162–175.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behaviour, Agency Costs, and Ownership Structure. Journal of Financial Economics, Vol. 3, No. 4, 305–360.
Kasmir. (2014). Analisis Laporan Keuangan. Edisi Satu. Cetakan Ketujuh. Jakarta : PT Raja Grafindo Persada.
Kementerian Perindustrian RI. (2020). Laporan Kinerja Kementerian Perindustrian Tahun 2019. Laporan Kinerja, Jakarta: Kementerian Perindustrian RI.
Kontan.id. (2020, 14 Juli). Volume dan nilai perdagangan BEI turun, ini sektor saham yang merosot paling dalam. Diakses pada 19 Februari 2025. https://investasi.kontan.co.id/news/volume-dan-nilai-perdagangan-bei-turun-ini-sektor-saham-yang-merosot-paling-dalam
Li, Y., Gong, M., Zhang, X. Y., & Koh, L. (2018). The Impact of Environmental, Social, and Governance Disclosure on Firm Value: The Role of CEO Power. British Accounting Review, 50(1), 60– 75. https://doi.org/10.1016/j.bar.2017.09.00 7
Mardiasmo. (2016). Perpajakan Edisi Terbaru 2016. Yogyakarta: Penerbit Andi.
Mardikanto, T. (2018). CSR (Corporate Social Responsibility). Bandung: Alfabeta
Modigliani, F., & Miller, M. H. (1963). Corporate Income Taxes and the Cost of Capital: A Correction. The American Economic Review, 53(3), 433–443. http://www.jstor.org/stable/1809167
Muliana, S., & Supryadi, S. (2023). Pengaruh Profitabilitas Dan Leverage Terhadap Tax Avoidance. Patria Artha Journal of Accounting & Financial Reporting, 7(1), 1–14. https://doi.org/10.33857/jafr.v7i1.685
Pada, S., Manufaktur, P., Bei, D., Yuliandana, S., & Ramadhan, A. (2021). Pengaruh Tax Avoidance Terhadap Nilai Perusahaan. 9(1).
Pohan, Chairil. A. (2016). Manajemen Perpajakan Strategi Perpajakan dan Bisnis Edisi Revisi. Jakarta: PT. Gramedia Pustaka Utama
Porter, E. M. (1985). Competitive Advantage-Creating and Sustaining SuperiorPerformance, New York: Free Press
Prasetya, G., & Muid, D. (2022). Pengaruh profitabilitas dan leverage terhadap tax avoidance. Diponegoro Journal of Accounting, 11(1). retrieved from https://ejournal3.undip.ac.id/index.php/accounting/article/view/32960
Rodrigo Borges, D., & Wulandari, I. . (2023). Pengaruh Likuiditas, Leverage Dan Profitabilitas Terhadap Nilai Perusahaan. Journal of Comprehensive Science (JCS), 2(7), 2097–2102. https://doi.org/10.59188/jcs.v2i7.440
Ross, S. A. (1977). The Determination of Financial Structure: The Incentive-Signalling Approach. The Bell Journal of Economics, 8(1), 23–40. https://doi.org/10.2307/3003485
Sari, Diana. (2016). Konsep Dasar Perpajakan. Bandung: PT Refika Aditama.
Sari, D., Oktaviani, H. R., Tandisalla, A., & Haizam Saudi, M. (2020). the Influence of Company Profitability and Size on Corporate Value With Tax Avoidance As Variable Intervening (an Empirical Study of Manufacturing Companies in the Consumer Goods Industry Sector Listed on the Indonesia Stock Exchange in 2014-2018). Journal Of Archaeology Of Egypt/Egyptology, 17(4), 3399.
Sari, E. N., & Chairina, S. W. (2024). Determinan Agresivitas Pajak Pada Perusahaan Pertambangan Yang Terdaftar Pada Bursa Efek Indonesia. 4.
Scott, John. (2017). Social Network Analysis. London: Sage Publication.
Suandy, Erly. (2013). Perencanaan Pajak. Jakarta: Salemba Empat
Sulistiyowati, R. (2021). Pengaruh Profitabilitas dan Leverage terhadap Nilai Perusahaan dengan Tax Avoidance sebagai Variabel Intervening (Studi Empiris pada Perusahaan Manufaktur Subsektor Industri Sub Sektor Garment dan Tekstil Periode 2016 – 2019). ECo-Buss, 4(1), 1–9. https://doi.org/10.32877/eb.v4i1.212
Supriyono, R. A. (2018). Akuntansi Keperilakuan. Yogyakarta: Gadjah Mada University Press.
Ulum, I. dan A. Juanda. (2018). Metode Penelitian Akuntansi. Edisi 2. Yogyakarta: Aditya Media Publishing.
Wulandari, N. I., Agustina, H., & Soelistya, D. (2024). Pengaruh Profitabilitas , Leverage , Intensitas Aktiva Tetap , Ukuran Perusahaan , dan Umur Perusahaan Terhadap Tax Avoidance The Effect of Profitability , Leverage , Fixed Asset Intensity , Company Size ,. 06(1), 76–87.
Wordsmith, G. (2024). Apa Itu ESG Score? Bagaimana Cara Menghitungnya? Wordsmith Group. diakses tanggal 20 Januari 2025. https://wordsmithgroup.com/id/apa-itu-esg- 28 score/#:~:text=ESG score adalah metrik yang,memperhatikan ESG dalam kegiatan operasionalnya.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Fany Yulinda
This work is licensed under a Creative Commons Attribution 4.0 International License.
