The Effect of Tax Avoidance and Dividend Policies on Company Value With Leverage as Moderation Variables

Muhammad Rizal Saragih, R. Rusdi
{"title":"The Effect of Tax Avoidance and Dividend Policies on Company Value With Leverage as Moderation Variables","authors":"Muhammad Rizal Saragih, R. Rusdi","doi":"10.32493/eaj.v4i1.y2021.p25-34","DOIUrl":null,"url":null,"abstract":"A high increase in company value is a long-term goal that must be achieved by a company, which is reflected in the market price of its shares because investors' assessment of the company can be seen through the movement of the stock prices of companies listed on the stock exchange. stock exchange for companies that have gone public. This has an impact on shareholders to maintain their investment and potential investors are interested in investing in the company. This study aims to analyze the effect of tax avoidance and dividend policy on firm value with leverage as a moderating variable. The population in this study were manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2018, totaling 166 companies, while the sample of this study was 18 companies with a purposive sampling method. The research method used is descriptive statistics, classic assumption testing and hypothesis testing multiple linear regression analysis. The results show that tax avoidance is not significant to firm value, dividend policy has a significant effect on firm value, leverage does not moderate tax avoidance on firm value, leverage. does not moderate dividend policy on firm value, and tax avoidance and dividend policy affect firm value","PeriodicalId":231572,"journal":{"name":"EAJ (Economic and Accounting Journal)","volume":"46 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2021-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"EAJ (Economic and Accounting Journal)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.32493/eaj.v4i1.y2021.p25-34","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1

Abstract

A high increase in company value is a long-term goal that must be achieved by a company, which is reflected in the market price of its shares because investors' assessment of the company can be seen through the movement of the stock prices of companies listed on the stock exchange. stock exchange for companies that have gone public. This has an impact on shareholders to maintain their investment and potential investors are interested in investing in the company. This study aims to analyze the effect of tax avoidance and dividend policy on firm value with leverage as a moderating variable. The population in this study were manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2018, totaling 166 companies, while the sample of this study was 18 companies with a purposive sampling method. The research method used is descriptive statistics, classic assumption testing and hypothesis testing multiple linear regression analysis. The results show that tax avoidance is not significant to firm value, dividend policy has a significant effect on firm value, leverage does not moderate tax avoidance on firm value, leverage. does not moderate dividend policy on firm value, and tax avoidance and dividend policy affect firm value
以杠杆为调节变量的避税和股利政策对公司价值的影响
公司价值的高增长是一个公司必须实现的长期目标,这体现在其股票的市场价格上,因为投资者对公司的评估可以通过证券交易所上市公司股价的变动来体现。上市公司的股票交易所。这对股东维持他们的投资有影响,潜在投资者对投资公司有兴趣。本研究以杠杆为调节变量,分析避税与股利政策对企业价值的影响。本研究的人口为2016年至2018年在印尼证券交易所上市的制造业公司,共166家公司,本研究的样本为18家公司,采用有目的抽样方法。研究方法采用描述性统计、经典假设检验和假设检验多元线性回归分析。结果表明:避税对企业价值影响不显著,股利政策对企业价值影响显著,杠杆对企业价值影响不显著。是否适度的股利政策对公司价值有影响,避税和股利政策对公司价值有影响
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:604180095
Book学术官方微信