Pengaruh Debt Covenant Dan Tunneling Incentive Terhadap Transfer Pricing
Abstract
Abstract: This study aims to examine and analyze the relationship between Debt Covenants and Tunneling Incentives on transfer pricing, with company size as the control variable for companies listed on the Indonesia Stock Exchange during 2019-2021. The population used in this study are companies from the manufacturing industry sector which are listed on the Indonesia Stock Exchange which also publish Financial Statements for 2019-2021. The samples in this study were 41 companies and the total number of observations was 123. The data collection method was downloaded from the IDX website. The analytical method used is multiple linear regression analysis. The results of testing the hypothesis in this study indicate that the Tunneling Incentive variable has a positive and significant effect on transfer pricing with firm size as the control variable, while the Debt Covenant variable has no positive and significant effect on transfer pricing with firm size as the control variable.
Keywords: Transfer Pricing, Debt Covenant, Tunneling Incentive, Company size.
References
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Gabriella, S. F., Dwi, B. K., Widyatiningsih, T., & Suryaputri, R. v. (2022). Faktor Determinasi Transfer Pricing (Studi Empiris Pada Perusahaan Food And Beverages Periode 2017-2020). Jurnal Magister Akuntansi Trisakti, 9(1), 55–72. https://doi.org/10.25105/jmat.v9i1.9690
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Sari, D., Hermawan, A., & Fitriana, U. (2021). Influence of Profitability, Company Size and Tunneling Incentive on Company Decisions of Transfer Pricing (Empirical Studies on Listed Manufacturing Companies Indonesia Stock Exchange period 2012-2019). In Turkish Journal of Computer and Mathematics Education (Vol. 12, Issue 4).
Supriyati, S., Murdiawti, D., & Pranetha Prananjaya, K. (2021). Determinants of transfer pricing decision at manufacturing companies of Indonesia. International Journal of Research in Business and Social Science (2147- 4478), 10(3), 289–302. https://doi.org/10.20525/ijrbs.v10i3.1118
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Zhang, Z. (2019). Bank Interventions and Trade Credit: Evidence from Debt Covenant Violations. Journal of Financial and Quantitative Analysis, 54(5), 2179–2207. https://doi.org/10.1017/S0022109018001163
Zimon, G., Appolloni, A., Tarighi, H., Shahmohammadi, S., & Daneshpou, E. (2021). Earnings management, related party transactions and corporate performance: the moderating role of internal control. Risks, 9(8). https://doi.org/10.3390/risks9080146
Albanez, T., & Schiozer, R. F. (n.d.). Ownership Concentration and other Determinants of Covenants in Debt Contracts of Brazilian Publicly Listed Firms. https://doi.org/10.15728/bbr.2022.19.4.2.en
Clarke, A. E. (2020). Is there a commendable regime for combatting money laundering in international business transactions? Journal of Money Laundering Control, 24(1), 163–176. https://doi.org/10.1108/JMLC-05-2020-0057
Gabriella, S. F., Dwi, B. K., Widyatiningsih, T., & Suryaputri, R. v. (2022). Faktor Determinasi Transfer Pricing (Studi Empiris Pada Perusahaan Food And Beverages Periode 2017-2020). Jurnal Magister Akuntansi Trisakti, 9(1), 55–72. https://doi.org/10.25105/jmat.v9i1.9690
Gordon, S., & Heussner, R. (n.d.). Financial services industry value chains and TP ABSTRACT (ENGLISH).
Khotimah, S. K. (2018). Transfer Pricing (Studi Empiris Pada Perusahaan Multinasional Yang Listing Di Bursa Efek Indonesia Tahun 2013-2017). In Jurnal Ekobis Dewantara (Vol. 1). www.idx.co.id.
Mahdiana, M. Q., & Amin, M. N. (2020). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan, Dan Sales Growth Terhadap Tax Avoidance. Jurnal Akuntansi Trisakti, 7(1), 127–138. https://doi.org/10.25105/jat.v7i1.6289
Paik, D. G., Hamilton, T., Lee, B. B., & Yoon, S. W. (2019). Loan purpose and accounting based debt covenants. Review of Accounting and Finance, 18(2), 321–343. https://doi.org/10.1108/RAF-10-2017-0194
Paik, D. G., van der Laan Smith, J., Lee, B. B., & Yoon, S. W. (2020). Are leases substitutes or complements to debt? Insights from an analysis of debt covenants. Review of Accounting and Finance, 19(3), 339–361. https://doi.org/10.1108/RAF-05-2019-0106
Rahayu, T. T., Masitoh, E., & Wijayanti, A. (2020). The Effect Of Tax Burden, Exchange Rate, Tunneling Incentive, Profitability And Leverage On Transfer Pricing Decisions. Jurnal Penelitian Ekonomi Dan Akuntansi (JPENSI, 5(1). http://jurnalekonomi.unisla.ac.id/index.php/jpensi
Rathke, A. A. T., Rezende, A. J., & Watrin, C. (2021). The impact of countries’ transfer pricing rules on profit shifting. Journal of Applied Accounting Research, 22(1), 22–49. https://doi.org/10.1108/JAAR-03-2020-0034
Rizky, M., & Puspitasari, W. (2020). Pengaruh Risiko Perusahaan, Intensitas Aset Tetap Dan Ukuran Perusahaan Terhadap Aggressive Tax Avoidance. Jurnal Akuntansi Trisakti, 7(1), 111–126. https://doi.org/10.25105/jat.v7i1.6325
Sapuarachchi, D. B. (2021). Cultural distance and inter-organizational knowledge transfer: a case study of a multinational company. Journal of Knowledge Management, 25(9), 2316–2333. https://doi.org/10.1108/JKM-06-2020-0439
Sari, D., Hermawan, A., & Fitriana, U. (2021). Influence of Profitability, Company Size and Tunneling Incentive on Company Decisions of Transfer Pricing (Empirical Studies on Listed Manufacturing Companies Indonesia Stock Exchange period 2012-2019). In Turkish Journal of Computer and Mathematics Education (Vol. 12, Issue 4).
Supriyati, S., Murdiawti, D., & Pranetha Prananjaya, K. (2021). Determinants of transfer pricing decision at manufacturing companies of Indonesia. International Journal of Research in Business and Social Science (2147- 4478), 10(3), 289–302. https://doi.org/10.20525/ijrbs.v10i3.1118
Sutama, D. R., & Lisa, E. (n.d.). Pengaruh Leverage Dan Profitabilitas Terhadap Nilai Perusahaan (Studi pada Perusahaan Sektor Manufaktur Food and Beverage yang terdaftar di Bursa Efek Indonesia).
Zhang, Z. (2019). Bank Interventions and Trade Credit: Evidence from Debt Covenant Violations. Journal of Financial and Quantitative Analysis, 54(5), 2179–2207. https://doi.org/10.1017/S0022109018001163
Zimon, G., Appolloni, A., Tarighi, H., Shahmohammadi, S., & Daneshpou, E. (2021). Earnings management, related party transactions and corporate performance: the moderating role of internal control. Risks, 9(8). https://doi.org/10.3390/risks9080146
Published
2023-06-13
Section
Articles
