PENGARUH TAX AVOIDANCE DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEPEMILIKAN INSTITUSIONAL SEBAGAI VARIABEL PEMODERASI (Studi Empiris pada Perusahaan Manufaktur Non-Konsolidasian yang Terdaftar di BEI Periode 2019-2021).

Abstract

The value of the company is considered as an investor in the company, which is often associated with stock prices. High stock prices make the company value also high. This study aims to determine the effect of tax avoidance and profitability on the value of manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2021 period. The objects studied in this study are Non-Consolidated Manufacturing companies listed on the IDX for the period (2019-2021). This study uses a type of quantitative research with documentary data types, namely in the form of previous research journals, literature, and company financial reports. Source of data used is secondary data. The data to be examined is obtained from the company's annual financial reports which have been published on the official website of the Indonesia Stock Exchange (IDX). Based on the results and discussion above, it can be concluded that: Tax Advoiance has a positive and significant effect on firm value, Profitability has a significant positive effect on firm value, Institutional Ownership is able to moderate the effect of Tax Advoiance on firm value, Institutional Ownership is able to moderate the influence of Profitability to company value company value.

Keywords: Tax avoidance, Profitability, Firm Value, Instutional Ownership