PENGARUH AGRESIVITAS PAJAK DAN GRWOTH OPPORTUNITY TERHADAP NILAI PERUSAHAAN DAN CSR SEBAGAI MODERASI : STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR SEKTOR FARMASI YANG TERDAFTAR DI BEI TAHUN 2019 – 2023

Syifa Akmalia (Universitas Buana Perjuangan Karawang)
Devi Astriani (Universitas Buana Perjuangan Karawang)
Dian Purwandari (Universitas Buana Perjuangan Karawang)

JIAI (Jurnal Ilmiah Akuntansi Indonesia)
Vol. 10 No. 1 (2025): Edisi April

This study investigates the impact of tax aggressiveness and growth opportunities on firm value while considering the moderating role of Corporate Social Responsibility (CSR). Using data from pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) between 2019 and 2023, the study employs moderated regression analysis (MRA) and purposive sampling.The results reveal that tax aggressiveness does not significantly affect firm value, nor do growth opportunities have a direct impact. However, CSR plays a crucial role in moderating the relationship between tax aggressiveness and firm value, suggesting that proactive CSR initiatives can mitigate the negative effects of aggressive tax strategies. Conversely, CSR does not significantly moderate the effect of growth opportunities on firm value.This study highlights the importance of integrating CSR into corporate strategies to enhance firm value, particularly within tax management practices. Additionally, companies should focus on other factors that strengthen the relationship between growth opportunities and firm value.The findings provide valuable insights for policymakers and regulatory bodies in designing effective incentives and regulations related to CSR and taxation. This research underscores the potential of CSR in aligning business interests with social responsibility principles.