PENGARUH PENGHINDARAN PAJAK TERHADAP NILAI PERUSAHAAN DAN BIAYA AGENSI: TRANSPARANSI INFORMASI SEBAGAI VARIABEL PEMODERASI

Abstract

The purpose of this research is to analyze the effect of tax avoidance behavior on firm value and agency cost by considering transparancy as a moderating variable. Tax avoidance as an independen variable is measured by book-tax-difference (BTD) value. Firm value and agency cost as dependen variable are measured by Tobins q and STA value. Transparency as moderating variable measured by the the amount of information voluntarily disclosed by the company. This research uses size and leverage as a control variabel. The sample of this research is non-financial companies listed in Indonesia Stock Exchange during the period 2013-2015. The sampling method in this research is purposive sampling. The analysis techique in this study using multiple regression analysis. Overall, the results show that tax avoidance behavior has significant negative effects on the firm value. Tax avoidance can increasing agency costs. And transparency has a positive effect in moderating the relationship between tax avoidance on firm value.