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INDONESIA
Jurnal Manajemen, Ekonomi, Hukum, Kewirausahaan, Kesehatan, Pendidikan dan Informatika (MANEKIN)
ISSN : -     EISSN : 29854202     DOI : -
Scope Keilmuan : - Manajemen - Ekonomi - Akutansi - Hukum - Kewirausahaan - Kesehatan - Pendidikan - Informatika - Keilmuan Lain yang Relevan
Articles 202 Documents
Pengaruh Intensitas Modal, Kapitalisasi Tipis, Dan Penghindaran Pajak Terhadap Nilai Perusahaan Risma Oktavia; Baharuddin Saga
Jurnal Manajemen, Ekonomi, Hukum, Kewirausahaan, Kesehatan, Pendidikan dan Informatika Vol 4 No 4 (2026): Jurnal Manajemen, Ekonomi, Hukum, Kewirausahaan, Kesehatan, Pendidikan dan Inform
Publisher : Shofanah Media Berkah

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Abstract

This study aims to analyze the effect of capital intensity, thin capitalization, and tax avoidance on firm value in Cyclicals sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. This study employs a quantitative approach using a purposive sampling method. Data were analyzed using panel data regression with hypothesis testing through the F-test and t-test. The results indicate that capital intensity, thin capitalization, and tax avoidance simultaneously affect firm value. Partially, capital intensity and thin capitalization have no significant effect on firm value, while tax avoidance has a negative effect on firm value. These findings indicate that investors tend to perceive tax avoidance practices as a negative signal that may reflect corporate governance risks and uncertainty. Meanwhile, investment decisions in fixed assets and the use of debt-based financing are not significant factors influencing investors’ valuation of Cyclicals sector companies.
Pengaruh Tax Planning, Kebijakan Deviden Dan Growth Opportunity Terhadap Nilai Perusahaan Nabila Syifana; Rananda Septanta
Jurnal Manajemen, Ekonomi, Hukum, Kewirausahaan, Kesehatan, Pendidikan dan Informatika Vol 4 No 4 (2026): Jurnal Manajemen, Ekonomi, Hukum, Kewirausahaan, Kesehatan, Pendidikan dan Inform
Publisher : Shofanah Media Berkah

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyze the effects of tax planning, dividend policy, and growth opportunity on firm value. The research focuses on consumer non-cyclicals sector companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024. This study employs a quantitative approach with an associative research design and uses secondary data obtained from the companies’ annual financial statements. The sample was selected using a purposive sampling technique based on predetermined criteria. A total of 27 companies were selected for a five-year observation period, resulting in 135 observations. The data analysis techniques included descriptive statistical analysis, panel data regression model estimation and selection, the coefficient of determination test, the simultaneous test (F-test), and the partial test (t-test). The results indicate that, partially, tax planning and dividend policy have no effect on firm value, while growth opportunity affects firm value. Simultaneously, tax planning, dividend policy, and growth opportunity affect firm value. These findings suggest that growth opportunities are among the factors considered in determining the value of companies in the consumer non-cyclicals sector.

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