Pengaruh Multinasionalitas, Foreign Exposure, Pemanfaatan Tax Haven, Ketidakpastian Pajak, dan Kepemilikan Institusional Terhadap Praktik Thin Capitalization pada Perusahaan Multinasional yang Terdaftar di Bei Tahun 2019-2021

Abstract

This study aims to obtain the empirically evidence regarding the influence of Multinationality, Foreign Exposure, Utilization of Tax Haven, Tax Uncertainty, and Institutional Ownership towards the Practice of Thin Capitalization in multinational companies listed on the Indonesia Stock Exchange in 2019 – 2021. Type of this research is causal research where the study population comes from multinational companies listed on the Indonesian Stock Exchange in 2019 – 2021. The sampling method used in this study is purposive sampling method so that 38 companies have passed the selection from 114 observations. The results of this study prove that Multinationality has no significant effect on Thin Capitalization Practices, Foreign Exposure has a significant positive effect on Thin Capitalization Practices, Utilization of Tax Haven has no significant effect on Thin Capitalization Practices, Tax Uncertainty has a significant negative effect on Thin Capitalization Practices, and Institutional Ownership has a significant negative effect on Thin Capitalization Practices. The results also prove that Multinationality, Foreign Exposure, Utilization of Tax Haven, Tax Uncertainty, and Institutional Ownership simultaneously have a significant effect on Thin Capitalization Practices in multinational companies listed on the Indonesia Stock Exchange in 2019 – 2021.