PENGARUH TAX AVOIDANCE JANGKA PANJANG TERHADAP NILAI PERUSAHAAN DENGAN KEPEMILIKAN INSTITUSIONAL SEBAGAI VARIABEL PEMODERASI (Studi Empiris Pada Perusahaan Manufaktur yang terdaftar di BEI periode 2011-2012)
Abstract: This study aims to examine the influence of
long-run tax avoidance on firm’s value with institutional ownership as
moderating variable. Variables examined in this research consisted of tax
avoidance which measured with cash effective tax rate (CashETR) and for the
long-run tax avoidance calculated usingcumulative 10 years, firm value as
measured using Tobins’Q, and institutional ownership. The sample which is used
in this research was extracted with using purposive sampling method. After
reduces with several criteria, 34 firms are determined as samples. The test
results showed that short-run tax avoidance effect on long-run tax avoidance,
and institutional ownership effect on firm value. Meanwhile, long-run
tax-avoidance does not significant effect on firm value and there is not any
increase in firm value after a practice of long-run tax avoidance, also
variable of institutional ownership can not strengthen the relationship between
long-run tax avoidance on firm value.
Keywords: tax avoidance, cash
effective tax rate (Cash ETR), institutional ownership, and firm value
Penulis: Ari Putra Permata
Simarmata, Nur Cahyonowati
Kode Jurnal: jpakuntansidd141148
