EFEK MODERASI KEBIJAKAN DIVIDEN DAN KEPEMILIKAN INSTITUSIONAL PADA HUBUNGAN TAX AVOIDANCE DAN NILAI PERUSAHAAN (Studi Empiris pada Perusahaan Indeks LQ45 periode 2015-2019)
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Abstract
This study was conducted to review the relationship between firm value and tax behavior by
including dividend policy and institutional ownership as moderating variables. The object of
research is the companies that are members of the LQ45 index for the 2015-2019 period with
a total sample of 9 companies. Data analysis used descriptive analysis and verification
analysis through the Moderated Regression Analysis (MRA) test. The results obtained that
tax avoidance has no effect on firm value, dividend policy is proven to be a moderating
variable that can weaken the relationship between tax avoidance and firm value, and
institutional ownership cannot provide a moderating effect on the relationship between tax
avoidance and firm value. This study suggests that LQ45 index companies increase the
portion of the dividend policy given, so as to increase investor interest in the company's
shares, in addition to looking at the value of their profits. Further research is suggested to
return to using institutional ownership as a moderating variable because in this study it was
found to have the potential to be a moderating on firm value.
Article Details
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