PENGARUH TAX AVOIDANCE TERHADAP COST OF DEBT DENGAN KEPEMILIKAN INSTITUSIONAL SEBAGAI PEMODERASI PADA PERUSAHAAN MENURUT RATING SCORE HUTANG PADA PEFINDO
DOI:
https://doi.org/10.35446/dayasaing.v10i2.1727Abstract
The inconsistency of previous research results regarding the relationship between tax avoidance and the cost of debt is the background for this research. The complexity of determining a company's capital structure in theory, preferability trade off of debt and equity, consideration of benefits and costs are the reasons for tax savings as overvalued deductible expense explain the reasons for the choice of debt financing which is given more priority compared to financing from the capital side. On the other hand, choosing a debt over equity source creates a risk of expropriation between investors and creditors, therefore this research uses institutional ownership variables to answer the question of whether this variable can associate the relationship between tax avoidance and the cost of debt. By using a sample of companies on PEFINDO in Indonesia this research questions are still unanswered. Overvaluing assets, selecting accounting method or principle of accounting standards that have the potential to increase deductible costs through increasing depreciation, amortization and pension fund expenses are some of the activities that increase corporate tax avoidance
Key Words: Cost of debt, Tax avoidance, Institutional Ownership
References
Agustami, S., & Yunanda, A. C. (2014). Pengaruh Kepemilikan Institusional dan Pengungkapan Sukarela terhadap Kos Hutang. Jurnal Riset Akuntansi dan Keuangan, 376-391.
Asbaugh, H., Colins, D. W., & La Fond, R. (2004). Corporate Governance and The Cost of Equtiy Capital.
Ballesta, J., & Yague, J. (2023). Tax Avidance and The Cost of debt for SMEs: Evidence from Spain. Journal of Contemporary Accounting & Economics.
Brigham dan Houston. (2011). Dasar-Dasar Manajemen Keuangan II. Jakarta: Salemba Empat.
Brown, K. B. (2012). A Comparative Look at Regulatipn of Corporate Tax avoidance. Springer.
Fahreza dkk. (2019). Pengaruh Penghindaran Pajak Terhadap Kos Hutang dan Kepemilikan Institusional sebagai Pemoderasi. Jurnal Bisnis dan Akuntansi.
Ghozali, I. (2006). Aplikasi Analisis Multivariate dengan Program SPSS. Semarang: Undip.
Gujarati, D. N. (2013). Basic Econometrics. West Point: Mc Graw Hill.
Ha, N. M. (2022). Relationship between tax avoidance and institutional ownership over business cost of debt. Cogent Economics and Finance, 1-11.
Jensen, & Meckling. (1976). Theory of Teh Firm: Managerial Behaviour, Agnecy Cost and Ownership Structure. Journal of Finance Economics, 305-360.
Kholbadov, U. (2012). The Relationship of Corporate Tax avoidance, Cost of debt and Institusional Ownership: Evidence from Malaysia. Atlantic Review of Economics.
Kim, Hyun Dong; Kim, Yura; Mantecon, Tomas; Song, Kyojik;. (2019). Short Term Institutional Investors and Aency Costs of Debt. Journal of Business Research, 195-210.
KIm, J., Simunic, D. A., Stein, M., & Yi, C. H. (2010). Voluntary Audits and teh Cost of debt for Privately Hels Firms. COntemporary Accounting Research, 585-615.
Lim Y D. (2011). Tax avoidance, Cost of debt and Shareholder Activism. Journal of Banking and Finance, 456-470.
Martani, D., & Masri, I. (2012). Pengaruh Tax avoidance terhadap Cost of debt. Simposium Nasional Akuntansi XV. Banjarmasin: IAI.
Nisa, A. K., & Wulandari, S. (2021). Pengaruh Tax avoidance danKepemilikan Institusional terhadap Cost of debt pada Perusahaan Makanan dan Minuman. Jurnal Aplikasi Akuntansi.
Pratama dkk. (2017). Pengujian Tax avoidance dan Risiko Kebangkrutan terhadap Cost of debt dan INsentif Pajak sebagai Pemoderasi. Konferensi Ilmiah Akuntansi VI.
Santosa, J., & Kurniawan, H. (2016). Analisis Pengaruh Tax avoidance terhadap Cost of debt pada Perusahaan Manufaktur yang Terdaftar di BEI selama Periode 2010-2014. Modus, 139-154.
Septian, M., & Panggabean, R. (2017). Faktor-Faktor yang emmpengaruhi Kos Hutang pada Perusahaan dalam Kompas 100. Jurnal Ekonomi.
Suparman, Nagian, T., & Tarigan, E. (2022). The Effect of Tax avoidance and Tax Risk on the Cost of debt with Institutional Ownership as Moderating Variables in the Sub-Sector of Large Trade Listed on the BEI. International Journal of Social Science Research and Review, 166-174.
Trisnawati, E., & Nasser, E. (2017). The Effects of Tax avoidance on Teh Cost of debt: A Modertaing role of Institusional Ownership.
Wardhani, D. K., & Nugroho, S. P. (2018). Pengaruh Tax avoidance terhadap Nilai Perusahaan dengan Corporate Governance sebagai Variabel Pemoderasi. Barometer Riset Akuntansi dan Manajemen, 85-96.
Wilda dkk. (2019). Perencanaan Pajak dan Beban Pajak Tangguhan atas Persistensi Laba Perusahaan Manufaktur di BEI. Jurnal Ilmiah Akuntansi dan Manajemen.
Downloads
Published
Versions
- 2024-07-14 (2)
- 2024-07-14 (1)
