PENGARUH PERENCANAAN PAJAK DAN MODAL INTELEKTUAL TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN JASA KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDOENSIA PERIODE 2009 – 2013
DOI:
https://doi.org/10.36982/jiegmk.v7i2.174Abstract
The aim of this research is to know the influence of tax planning and intellectual capital on firm value. The objects of this research are financial sector companies at Indonesian Stock Exchange. Multiple Linier Regression is applied to analyze the data. The result show that tax planning has negative significant influence on firm value, intellectual capital has positive significant on firm value, tax planning and intellectual capital simultaneously have positive significant on firm value.
Key word: tax planning, intellectual capital, firm value.
References
Abdolmohammadi, M.J. 2005. Intellectual Capital Disclosure and Market Capitalization. Journal of Intellectual Capital Vol.6 No.3.pp.397-416.
Appuhami, B.A. Ranjith. 2007. The Impact of Intellectual Capital on Investors Capital Gains on Share: An Empirical Investigation of Thai Banking, Finance & Insurance Sector. International Managemnet Review. Vol.3 No.2.
Astuti, Pratiwi Dwi. 2005. Hubungan Intellectual Capital dan Business Performance. Jurnal MAKSI. Vol 5, 34-58.
Belkaoui, Ahmed Riahi. 2003 Intellectual Capital and Firm Performance of US Multinational Firms: a Study of The Resource-Based and Stakeholder Views. Journal of Intellectual Capital. Vol. 4 No. 2. pp. 215-226.
Brigham,E.F., dan J.F. Houston. 2001. Manajemen Keuangan. Edisi bahasa Indonesia. Jakarta: Erlangga.
Chen, M.C., S.J. Cheng, Y. Hwang. 2005. “An Empirical Investigation of the Relationship Between Intellectual Capital and firms’ Market Value and Financial Performancesâ€. Journal of Intellectual Capital Vol. 6 No. 2.pp. 159-176
Desai, Mihir A dan Dharmapala, Dhammika. 2006. Corporate Tax Avoidance and High Powered Incentives. Journal of Financial Economics Vol.79(1):145-179.
Dyreng, S, D. Hanlon, Michelle. Maydew, E.L. (2008). Long-Run Corporate Tax Avoidance. The Accounting Review, 83(1), 61-82
Edvinsson, L. and M. Malone. 1997. Intellectual Capital: Realizing your Company’s True Value by Finding its Hidden Brainpower. Harper Collins, New York, NY.
Firer, S., and S.M. Williams. 2003. Intellectual Capital and Traditional Measures of corporate performance. Journal of Intellectual Capital. Vol.4 No.3.pp.348-360.
Friese, A., Link, S., dan Mayer, S. 2006. Taxation and Corporate Governance. Max Planck Institute for Intellectual Property, Competition and Tax Law, Munich, Germany
Ghozali, Imam. 2006. Aplikasi Analisis Multivariate dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro
Hanlon, M., dan Slemrod, J.B. 2009. What does tax aggressiveness signal?Evidence from stock price reactions to news about tax shelter involvement. Journal of Public Enonomic, 93(1-2), 126 – 141.
Hasnawati, S. 2005. Implikasi Keputusan Investasi, Pendanaan dan Dividen Terhadap Nilai Perusahaan Publik di Bursa Efek Jakarta. Usahawan No.09/Th XXXIX September 2005:33-41
Iswati, Sri, Muslich Anshori. 2007. The Influence of Intellectual Capital to Financial Performance at Insurance Companies in Jakarta Stock Exchange (JSE). Proceedings of the 13th Asia Pacific Management Conference, Melbourne, Australia, 1393-1399
Jensen, M.C., and Meckling, W.H. (1976) “Theory of the Firm:Managerial Behavior, Agency Costs and Ownership Structureâ€, Journal of Financial Economics, 3:305-360.
Kuryanto, Benny & Muchamad Syafrudin. 2008. Pengaruh Modal Intelektual Terhadap Kinerja Perusahaan. Makalah Disampaikan dalam Simposium Nasional Akuntansi XI. Pontianak: 23-24 Juli.
Lestari, Nanik. Wardhani, Ratna dan Anggraita, Viska. 2014. Pengaruh Perencanaan Pajak Terhadap Nilai Perusahaan Dengan Moderasi Corporate Governance. SNA 17. Universitas Mataram.
Martini, D.; dan Chasbiandani, T. 2012. Pengaruh Tax Avoidance Jangka Panjang Terhadap Nilai Perusahaan. SNA XV. Banjarmasin.
Mills, L. F., Erickson, M., dan Maydew, E.L. (1998). Investment in Tax Planning. The Journal of The American Taxation Association, 20(1), 1 – 20.
Minnick, Kristina dan Tracy Noga. (2010). Do Corporate Governance Characteristics Influence Tax Management? Journal of Corporate Finance 16: 703-718.
Noor, R. Md., dan Sabli, M. (2012). Tax Planning and Corporate Governance. International Conference on Business and Economic Research (3rd ICBER) Proceeding. Bandung.
Petty,P. dan J. Guthrie.2000. “Intellectual capital literature review:measurement, reporting and managementâ€. Journal of Intellectual Capital. Vol.1 No.2.pp. 155-75
Pulic, A.1998. Measuring the Performance of Intellectual Potential in Knowledge Economy.Paper presented at the 2nd McMaster Word Congress on Measuring and Managing Intellectual Capital by the Austrian Team for Intellectual Potential.
_______. 2000. “VAIC - An Accounting Tool for IC Management,â€. International Journal of Technology Management, 20(5).
Rego, S.O. (2003). Tax Avoidance Activities of U.S. Multinational Corporation. Contemporary Accounting Research. 20 (4). 805 – 833.
Sianipar, Mutiara. 2009. The Impact of Intelectual Capital Towards Financial Profitability and Investors’ Capital Gain on Shares: An Empirical Investigation of Indonesian Banking and Insurance Sector for Year 2005-2007. Makalah Disampaikan dalam Simposium Nasional Akuntansi XII. Palembang: 4-6 November
Solikhah, Badingatus, Abdul Rohman,Wahyu Meiranto. 2010. Implikasi Intellectual Capital terhadap Financial Performance, Growth dan Market Value; Studi Empiris dengan Pendekatan Simplisitic Specification. Makalah Disampaikan dalam Simposium Nasional Akuntansi XIII. Purwokerto: 13-15 Oktober.
Tan, H.P., D. Plowman, P.Hancock. 2007. Intellectual Capital and Financial Retuns of Companies. Journal of Intellectual Capital Vol.8 No.1.pp.76-95.
Ulum, Ihyaul, Imam Ghozali & Anis Chairi. 2008. Intellectual Capital dan Kinerja Perusahaan: Suatu Analisis dengan Pendekatan Partial Least Squares. Makalah Disampaikan dalam Simposium Nasional Akuntansi XI. Pontianak: 23-24 Juli.
Wahab Abdul.N.S, dan Holland, Kevin. (2012). Tax Planning, Corporate Governance dan Equity Value.The British Accounting Review 44:111-124
Wang, Tina. (2010). Tax Avoidance, Corporate Transparancy and Firm Value. University of Texas at Austin.http://ssrn.com.abstract=1716474.Diakses 2 April 2013.
Williams, M. 2001. “Is intellectual capital performance and disclosure practices related?â€. Journal of Intellectual Capital, 2(3): 192-203.
Wilson, R. (2009). An Examination of Corporate Tax Shelter Participants. The Accounting Review, 84(3), 969 – 999.
Yuniasih, Ni Wayan, Dewa G. Wirama, dan Dewa N. Badera. 2010. Eksplorasi Kinerja Pasar Perusahaan: Kajian Berdasarkan Modal Intelektual. Makalah Disampaikan dalam Simposium Nasional Akuntansi XIII. Purwokerto: 13-15 Oktober.
Downloads
Published
How to Cite
Issue
Section
License
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
Â
Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
Â
LP2M Indo Global Mandiri University has the right to multiply and distribute the article and every author is not allowed to publish the same article that has been published in this journal.
