The Effect of Tax Planning and Company Size on Company Value (Empirical Study of Manufacturing Companies in the Food and Beverage Sector Listed on the Indonesia Stock Exchange for the Period 2020–2024)

Aryanata Al Maahi (Universitas Negeri Surabaya, Surabaya, Indonesia)
Rediyanto Putra (Universitas Negeri Surabaya, Surabaya, Indonesia)

Majapahit Journal of Islamic Finance dan Management
Vol. 6 No. 2 (2026): Islamic Finance and Management

This study aims to analyze the effect of tax planning and firm size on firm value in food and beverage sector manufacturing companies listed on the IDX for the 2020–2024 period. Firm value is measured using the Price Book Value (PBV) indicator. This study adopts a quantitative approach utilizing secondary data from 64 companies (320 observations) in the food and beverage sector over a five-year period. The results indicate that tax planning has no effect on firm value, whereas firm size has a positive and significant effect on firm value.