PERANAN GOOD CORPORATE GOVERNANCE DALAM MEMODERASI PENGARUH TAX PLANNING DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN
Abstract
Abstract
Purpose― This research proves academically the impact of tax planning & profitability on firm value by placing good corporate governance in moderating the impact of tax planning & profitability on firm value.
Method— This research proves academically the impact of tax planning & profitability on firm value by placing good corporate governance in moderating the impact of tax planning & profitability on firm value.
Finding— The first finding explains that the higher the value of tax planning has an impact on decreasing the value of the company, and vice versa, the lower the value of tax planning has an impact on increasing the value of the company. The second finding explains that the higher the profitability score, the lower the firm value, and vice versa, the lower the profitability score, the higher the firm value. The third finding explains that tax planning, profitability and good corporate governance have a simultaneous impact on firm value. The fourth finding explains that good corporate governance strengthens the impact of tax planning on firm value. The fifth finding explains that good corporate governance strengthens the impact of profitability on firm value.
Implikasi— Theoretical implications of the results of this study can explain agency theory as a grand theory and signaling theory as a supporting theory to prove that good corporate governance moderates the impact of tax planning and profitability on firm value so that it can help universities, future researchers, companies and investors.
Originality— As far as the results of the researcher's observations so far have not found research that is the same as the topic of the role of managerial ownership as a representative of good corporate governance in moderating the impact on the cash effective tax ratio (CETR) as a representative of tax planning & return on investment (ROI) as a representative of profitability on Tobin's Q value as a representative of firm value.
Keywords— Good Corporate Governance, Tax Planning, Profitabilitas and Firm Value
