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Journal : Fokus Ekonomi

THE EFFECT OF CAPITAL INTENSITY, INVENTORY INTENSITY, AND DEBT COVENANT ON TAX AVOIDANCE WITH SALES GROWTH AS A MODERATING VARIABLE Daniel, Daniel; Handayani, Puspita
Fokus Ekonomi : Jurnal Ilmiah Ekonomi Vol 20, No 2 (2025): December 2025
Publisher : STIE Pelita Nusantara Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34152/fe.20.2.297-304

Abstract

This study aims to analyze the influence of Capital Intensity, Inventory Intensity, and Debt Covenants on Tax Avoidance, with Sales Growth as a moderating variable. The research was conducted by analyzing the financial statements of Property & Real Estate sector companies listed on the Indonesia Stock Exchange (IDX) from the official website of the Indonesia Stock Exchange (IDX) for the period 2019–2023. The sample used in this study consisted of 40 companies, with the sampling method employing purposive sampling. The data used in this study were secondary data in the form of financial statements and annual reports from each Property & Real Estate sector company included in the research sample. The study focuses on the variables Capital Intensity (X1), Inventory Intensity (X2), and Debt Covenant (X3) as independent variables, Tax Avoidance (Y) as the dependent variable, and Sales Growth (Z) as the moderating variable. The results show that the best-selected model for this study is the Random Effects Model (REM). The findings indicate that Capital Intensity, Inventory Intensity, and Debt Covenant do not individually influence Tax Avoidance. However, Sales Growth is only able to moderate the interaction between Capital Intensity and Tax Avoidance. Simultaneously, Capital Intensity, Inventory Intensity, and Debt Covenant collectively have an effect on Tax Avoidance.
Co-Authors A An Arief Jusuf Abdul Hamid A. Yusra Abdul Latief Abdurizal Arsyad, Syech Geopandu Adi Suyatno Adu, Desmon Ayub Agatha, Septian Ahmad Ridha Akbar, Fath Ali Al Hidayah, Riama Amin, Abdul Rachmad Zahrial Amiruddin Amiruddin Amrazi Zakso ANDI ACO AGUS Andi Muhammad Fadhal Hiqh.T Pangera Andreas Saputra, Andreas Andri Rizko Yulianto Angelita, Maya Anggunadi, Angelica Anis Chariri Annisa Purbasari, Annisa Ariawan Gunadi Aritonang, Ramona Asrini, Luh Juni Athaillah, Farida Batan, Alfrida Bihairi Hadi, Ricky Lutfi Br Ginting, Survina Osalia C. Pickerling Cahya, Lisye Mareta Carolin, Avine Sindi Cendana, Colleen Chandra Wijaya Chatarina Dian Indrawati Christiyanto, Laurensius Erdin Christopher, Arvin Damanik, Justin Gamaliel Danut, Yohana Dedhi Yustendi Dewantara, Jagad Aditya Dewi, Camelia Eugenia Dewi, Ezra Shandra Dhita Wahyu Anggraeni, Dhita Wahyu Dwi Agustina Dwiputra, Achmad Irvan Erwin Erwin Etriwati E Eva Marliana, Eva Fachrizal Ambia Faisal Jamin Faisal Mustafa Farhana, Siti Farhany, Farhany Fathurrohman, Reza Fazhar Sumantri febriyanti febriyanti Febriyanto Febriyanto Feliciana, Anastasia Fellyanto, Fellyanto Ferdian, Riyan Ferdian, Ryan Fila Sasmita Firmansyah, Muchammad Ravi Fredy Purnomo Frengki Frengki, Frengki Gaanty Pragas Maniam, Gaanty Pragas Gunarto, Chintya Halim, Grace Suriadi Hamny Sofyan Harahap, Hanna Meyrani Harefa, Kasieli Hartono, Eric Hasibuan, Serepina Yoshika Hasriati Hasriati, Hasriati Hendrawan Armanto Henny Armaniah Hermanto Hermanto Herudini Subariyanti Hidayat, Farah Amalia Hiyahara, Irfan Ashari Hutabarat, Rugun Romaida Idham Khalid Imran Imran Indra Riyana Rahadjeng Ismiyani, Nining Isyana Emita Iwan Ramadhan Jap Tji Beng Juliana, Eva Junianto Wika Adi Pratama Justin, Justin Khairun Nisa Kimmy Keisha Avrila Rozandi Kirana, Stephani Nindya Kumahara, Wien Kurniati, Triani Kusumo, Catherine Tjondro Kwan, Jessyca Larosa, Setiaman Latumahina, Bill Samuel Lelunu, Sapta Leslivania, Monika Lexa Lady Syourin Liangga, David Lie, Gunardi Liku, Yeli Oktaviana Liku LUCKY, MAYLANI Lukman Hakim Lumbantoruan, Haposan M Ezar Al Rivan M. Hasan Magdaleni, Agustina R. Magdaleni, Agustina Rahayu Makmur, Ali Malina, Khaira Manisha, Manisha Margareta, Serlen Marpaung, Franky Hadinata Maswadi - Maygusten, Maygusten Maylina, Ajeng Chandra Meiliana, Evita Melyani Melyani, Melyani Meriyani, Susi Michael Michael Miyata, Andrew Febrian Mochammad Imron Awalludin Moron, Maria Selvi Mufid, Zainul Muhammad Fachrurrozi Bafadal Muhammad Hasan Muhammad Isa Muhammad Jalaluddin, Muhammad Muhammad Nadir Muhammad Resthu Mulyono, Romi Kurniawan Agni Muttaqien Bakri, Muttaqien Naibaho, Lamhot Natal Indra Nataniel Tandirogang Naufaludin, Ahmad Nikmah, Wasilatun Noni Zakiah Noor Hindryawati, Noor Nora Usrina Nugrahanto, Cornelius Septian Nurhidayah, Annisa Nurleni, Nurleni NURLIANA NURLIANA Nurmawan, Mardatungga Octa Maria Sihombing Octavianus Octavianus, Octavianus Okianna Okianna Olivia, Nia Panannangan, Josua K. Partomuan Simanjuntak Parulian Hutajulu, Josua Pentagon, Pentagon Pontan, Darmawan Prancisca, Stella Pranita, Widya Pratama, Ellen Puspita Handayani Putri, Andini Amelia Putri, Erika Ardya Mesia R. Rusli Rachmat, A. Khafifah Dwi Rachmat, Zul Rafik, Ahmad RAHMAT GUNAWAN Rahmawati, Rahmawati Rakhmad, Rakhmad Rantung, Dyoys Anneke Rasyid Ridha, M Ravensca, Irene Razali Daud Riandi, Lian Varis Rindawati, Novi Riska Riska Rismawati Rismawati Riyanto, Kuncoro Budi Riyanto, Rahmat Fajar Rizkiana Karmelia Shaura Rosalina Putri, Kesia Roslizawaty Roslizawaty, Roslizawaty Rosmaidar Rosmaidar, Rosmaidar Rufi'i Rustiyarso, Rustiyarso Ryn Pratiwi, Djihan Saibun Sitorus Saleh, Chairul Sandra, Putri Ayu Sanjaya, Regi Sara Ruhghea Sari, Dea Kurnia Sari, Wahyu Eka SATRIYAS ILYAS Sebastian, Novianto Sembiring, Rinawati Seputri, Merryana Sigit, Miarsono Sikwan, Agus Silvia Monica Sirait, Muhammad Alfajri Erutama Sisilia, Desy Siti Aisyah Sitompul, Citra Uli Sitti, Nur Faridah Situmorang, Aspriska R. Solidah, Sindi Nur Soma, Yolanda V. A Sormin, Hendro Jatmiko Subagyono, R.R. Dirgarini Julia Nurlianti Subur P Pasaribu Sucipto, Rakhmat Hadi Sudrajat Sudrajat Sumeru, Indrawati Suriyanisa, Suriyanisa Suteja, Mekar Sari Sutrisno, Marshela Suzzana Winda Artha Mustika Swastika, Rahayu Syafrida, Yuni Syifa Aurelia Devina Tandjung, Muhammad Akbar Thomy Sastra Atmaja Toibah Umi Kalsum TONE, KAMARUDDIN Tony Tony Torro, Supriadi Trisna Fajar Prasetyo Variani, Joanna Rika Vedro, Vedro Vera Methalina, Vera Vincent Tristan, Radick Vincentia, Meyshela Viny Christanti M Wangsawidjaja, Dustin Pranata Wardhani, Lailia Dwi Kusuma Wardoyo, Arif Wasino Wasino Widiastiani, Nindry Sulistya Wijaya, Christian Julius Willyanto, Hubertus Carmelo Dinar Wirya, Wirya Yanuar Ramadhan Yaputri, Leticia Yenni Yusriani Yohanes Bahari Yonas, Yonas Yudhistira Oscar Olendo Yulianto Yulianto Yulita, Wita Yunita, Risna Zamzami, Rumi Sahara Zulkifli Zulkifli Zulkifli, Baidillah Zulkifli, Said Zuri Astari