Tipe Pemegang Saham, Komposisi Komisaris Independen, Tax Planning, dan Tax Amnesty dalam Penentuan Nilai Perusahaan Manufaktur di Bursa Efek Indonesia

Abstract

The purpose of this study is to examine and analyze how the type of shareholders, the composition of independent commissioners, tax planning and tax amnesty influence the value of manufacturing firms on the Indonesia Stock Exchange. This study uses tax planning as an intervening variable on the influence of shareholder types and of independent commissioners composition on firm value. Tax amnesty is a moderating variable for the relationship between tax planning and firm value. This study uses panel data from 2014 to 2017, and hypothesis testing uses multiple regression analysis. This study explains that each domestic institutional shareholder, foreign shareholder, number and percentage of independent commissioners influence the firm value differently, both directly and indirectly; through tax planning and tax amnesty as a moderating variable. The shareholders types and the independent commissioners composition also influence differently the company's tax planning strategy. The influence of tax planning on firm value is inconsistent. Different tax planning measurements have different influence on the firm value of a particular measurement. A specific tax planning measurement has different influence on each firm value measurement. Tax amnesty as a moderating variable influences the relationship between tax planning and firm value positively in a certain condition, namely tax planning measured by tax payments.