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Pengaruh Tax Planning, Kebijakan Hutang dan Ukuran Perusahaan terhadap Nilai Perusahaan pada Sektor Basic Materials yang Terdaftar di Bursa Efek Indonesia (BEI) Tahun 2021-2024 Selvia, Selvia; Dewi, Sandra
ARZUSIN Vol 6 No 5 (2026): ARZUSIN: Jurnal Manajemen dan Pendidikan Dasar
Publisher : Lembaga Yasin AlSys

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58578/arzusin.v6i5.11026

Abstract

Firm value is an important indicator that reflects investors’ perceptions of a company’s performance and prospects. Although the relationship between tax planning, debt policy, firm size, and firm value has been widely examined, studies that specifically analyze these three variables in Basic Materials sector companies listed on the Indonesia Stock Exchange for the 2021–2024 period remain limited. This study aims to analyze the effect of tax planning, debt policy, and firm size on firm value. This study used a quantitative approach with a causal associative design. The sample consisted of 18 companies selected using purposive sampling, resulting in 61 observations after outlier elimination. Data were collected through documentation of companies’ annual financial reports and analyzed using multiple linear regression with the assistance of IBM SPSS Statistics 26. The results show that tax planning and firm size have a positive and significant effect on firm value, whereas debt policy has no significant effect. Simultaneously, tax planning, debt policy, and firm size have a significant effect on firm value. These findings contribute to the development of Signaling Theory in explaining the formation of firm value through financial information perceived by investors as market signals. The conclusion of this study emphasizes the importance of the effectiveness of tax planning and firm size in increasing firm value. The implications of this study include theoretical contributions to the development of financial management literature as well as practical implications for company management in formulating strategies to increase firm value. Keywords: Tax Planning; Debt Policy; Firm Size; Firm Value; Basic Materials Sector
Co-Authors , Rahmi Abubakar, Mohammad Ade Susanty Afrizal Agatha Vivian Giovani, Agatha Vivian Giovani Agustina, Annisya Akhmad Darmawan Alamsyah, Ferdy Allo, Aris Ringgi Amanda, Jelli Putra Andrew Shandy Utama andrew shandy utama, andrew shandy Andry Andry Anne Putri Annisya Agustina Aris Ringgi Allo Arlen, Fauzi Armaita Armi Santia Dewi Ikhsan Arrozi, M.F. Aulia Putri Evindra Aulia, Syafa Azainil Azainil Baginda Parsaulian Beni Rawadi Berlianto, Margaretha Pink Bintang Purba Br. Saragih, Evi Susi Sandrawita Christever, Christever Chrisvi Febriani Adha Cici Pramida Cixo Cixo Cory Febrina Debby Sinthania Delfit Devy Winata Dewi Haryati Dewiana, Meita Dian, Wahyuni Dickson, Dickson Diky Nafisa Ihsan DM, M. Yusuf Dwi happy anggia sari Dwiyono, Yudo Dzakiyah Suci Yuhary Ester Lidia Paseki Evi Susi Sandrawita br. Saragih Fadhilah Fitria Fadilla Putri Fadillah, Resi Fahmarita Fahmarita Fahrila Firdaus Faiza, Jennifer Anggela Fanisa Suseno Fiki Pramita Fitri Handayani Fyona Hadisty Ghina Alya Dzakwan Girsang, Andri J. Haanii Haritsa Yuzen Handayani, Reska Hani, Rahma Almira Haryanto, Totok Hasibuan, Eka Khairani Hasmita Hasmita, Hasmita Hasnati Hasnati, Hasnati Helmi Helmi Henmaidi Henmaidi Henmaidi, Henmaidi Hesi Eka Puteri Hidarpa, Nana Hilmy, M. Reza Hisbul Habib, Habib I Made Raditya Mahardika Imelda, Rezky Indayana Febriani Tanjung, Indayana Febriani Indra Saputra indriani monica, muthia Natasya veronica Intan Kumala Dewi Intan Muliana Rhamdhani Intan Silviana Intan Silviana Ira Paramastri Ira Safira Irsakinah, Irsakinah Ismail, Djauhar Ismail Julianingsih, Shally Kasmal Kemala Rita Khairunnisa, Viona Kurnia Ramadhan Kusumapradja, Rokiah Laili Komariyah, Laili Lara Paradilla Lisa Monica Lydia Lydia, Lydia maidawilis, maidawilis Malau, Fitriana Malika Candra Kirana MARDATUL HUSNI, RISA Marlina, Vivi Mela Aliani Meliza Dara Puspita Mevya, Eva Azharina MF. , Arrozi MF. Arrozi Adhikara Miftahur Rahmah Mike Asmaria Moh. Fachrurrozy Basalamah Mona Adria Wirda Muhammad Panji Al Gazali Muji R., Tri Septin Muliawan, Marjono Mustikawati, Intan Silviana Mutia Alya Surianto Mutiara, Mutia Nabila Rahmadani Nasfi, Nasfi Nasution, Tasya Nasya Aulia Ramadhani Nazilla Fahira Niken Rika Saputri Nilam Permata Sari Nofierni, Nofierni Novera Martilova Novera, Milya Nur fajarriah Nurfadila Nurfadilah Nurfadilah Nurlaili Oksep Adhayanto Oktaviandini, Dila Popy Ardian Ningsih Zega Pratiwi, Velina Prima Minerva Putri Yulia Ningsih Putri, Natasya Kaila Putri, Nayla Dwi Putri, Windi Elsa Rahmad, Tantri Yanuar Rahmadani Eka Putri Rahmah, Rosi Aulia RAHMAT SYAHNI Rahmatika, Zulfa Rahmayani, Novi Rahmi Rahmi Rahmi Rahmi Ramaita Ramaita, Ramaita Resty Dila Aryanti Rian Adi Pamungkas Rina Anindita Rina Mariyana Rina Panggabean Rini Andriani Riska Aulia Rita Wahidi , Kemala Rizkia, Dian Gema Roheman, Roheman Rudi Febriamansyah Rujianto Rujianto, Rujianto Sabri Sabri Sahala Fransiskus Marbun Saputra, Muhammad Rian Saputri, Niken Rika Saragih, Evi Susi Sandrawati Br Sari, Suci Anisa Selvia Selvia Selvia Selvia Septa Reni Shela Kurnia Putri Sherly Oktaviani Sihotang, Roma Ulina Br SRI RAHAYU Suci Ramadhani Sudiono, David Supriyantoro Supriyantoro Surianto, Mutia Alya Tasya Nasution Tito Andryansyah Tjipto Rini Tri Indah Prasasti Tri Yuliana Trisna Ajan, Anggra Usfandi Haryaka Utama, Andrew Sandy Utami, Jane Warman Warman Welvy Fenancy Wijaya, Sudarma Wiwit Febrina Wulanda Putri Widy Yaswinda Yaswinda Yaswirman, Yaswirman Yasypi’i Pakhiri Caniago Yesi, Hilma Yesyka Yetti Yuderna, Vivi Yulsyofriend, Yulsyofriend Zauzza Stabita Zulhelmi zulhelmi zulhelmi Zulhelmi, Zulhelmi Zulvera