The Effect of Institutional Ownership, Independent Board of Commissioners and Profitability on Tax Avoidance in Technology Companies Listed on the Indonesia Stock Exchange
Abstract
This study aims to analyze the effect of institutional ownership, independent board of commissioners, and profitability on tax avoidance in technology companies listed on the Indonesia Stock Exchange during the 2021-2023 period. The research method used is quantitative with secondary data analysis from financial reports published through the Indonesia Stock Exchange website. Analysis techniques include descriptive statistics and multiple linear regression. The results of the study partially show that Institutional Ownership has a significant but negative effect on tax avoidance with a t-value of -6.350 and a significance of 0.028, which is greater than 0.05. The Independent Board of Commissioners has a significant but negative effect on tax avoidance, reflected in the t-value of -5.395 and a significance of 0.034, which is greater than 0.05. Likewise, profitability has a significant but negative effect on tax avoidance with a t-value of -1.758 and a significance of 0.048 greater than 0.05. Simultaneous analysis shows that the combination of these three variables as a whole has a significant effect on tax avoidance. In conclusion, each variable partially and simultaneously shows a significant influence on tax avoidance, which indicates that these factors need to be considered in the company's strategy related to tax avoidance.
Keywords: Independent Board of Commissioners, Institutional Ownership, Profitability, Technology Companies, Tax Avoidance
References
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Andreas, & Savitri, E. (2015). The Effect of Tax Socialization, Tax Knowledge, Expediency of Tax ID Number and Service Quality on Taxpayers Compliance With Taxpayers Awareness as Mediating Variables Andreasa. Procedia - Social and Behavioral Sciences, 211(September), 163–169. https://doi.org/10.1016/j.sbspro.2015.11.024
Ariawan, I. M. A. R., & Setiawan, P. E. (2017). Pengaruh Dewan Komisaris Independen, Kepemilikan Institusional, Profitabilitas Dan Leverge Terhadap Tax Avoidance. E-Jurnal Akuntansi, 18(3), 1831–1859.
Ayuningtyas, N. P. W., & Sujana, I. K. (2018). Pengaruh Proporsi Komisaris Independen, Leverage, Sales Growth, Dan Profitabilitas Pada Tax Avoidance. E-Jurnal Akuntansi, 25(3), 1884–1912. https://doi.org/10.24843/eja.2018.v25.i03.p10
Bahri, S., Diantimala, Y., & Majid, M. (2019). Pengaruh Kualitas Pelayanan Pajak, Pemahaman Peraturan Perpajakan Serta Sanksi Perpajakan Terhadap Kepatuhan Wajib Pajak (Pada Kantor Pajak KPP Pratama Kota Banda Aceh). Jurnal Perspektif Ekonomi Darussalam, 4(2), 318–334. https://doi.org/10.24815/jped.v4i2.13044
Chen, S., Chen, X., Cheng, Q., & Shevlin, T. (2010). Are family firms more tax aggressive than non-family firms? Journal of Financial Economics, 95(1), 41–61. https://doi.org/10.1016/j.jfineco.2009.02.003
Diantari, P. R., & Ulupui, I. A. (2016). Pengaruh Komite Audit, Proporsi Komisaris Independen, Dan Proporsi Kepemilikan Institusional Terhadap Tax Avoidance. E-Jurnal Akuntansi, 16(1), 702–732.
Drobetz, W., & Momtaz, P. P. (2020). Antitakeover Provisions and Firm Value: New Evidence from the M&A Market. Journal of Corporate Finance, 62(February). https://doi.org/10.1016/j.jcorpfin.2020.101594
Du, J., Li, W., Lin, B., & Wang, Y. (2018). Government integrity and corporate investment efficiency. China Journal of Accounting Research, 11(3), 213–232. https://doi.org/10.1016/j.cjar.2017.03.002
Ervina, D., & Wulandari, T. R. (2019). Pengaruh Kompensasi Rugi Fiskal , Profitabilitas , Proporsi Dewan Komisaris Independen , dan Ukuran Perusahaan Terhadap Tax Avoidance. Jurnal Mutiara Madani, 07(1), 23–39. https://jurnal.stienganjuk.ac.id/index.php/ojsmadani/article/view/71
Evi. (2010). Pengaruh Komite Audit, Kualitas Audit, Kepemilikan Institusional, Return On Assets, dan Leverage terhadap Tax Avoidance. 8(1), 165–175. https://core.ac.uk/download/pdf/196255896.pdf
Finér, L., & Ylönen, M. (2017). Tax-driven wealth chains: A multiple case study of tax avoidance in the finnish mining sector. Critical Perspectives on Accounting, 48, 53–81. https://doi.org/10.1016/j.cpa.2017.01.002
Ghozali, I. (2013). Ghozali, Imam (2013). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 21Update PLS Regresi. Semarang: Badan Penerbit Universitas Diponegoro. https://digilib.itbwigalumajang.ac.id/index.php?p=show_detail&id=2775
Handayani, R. (2017). Pengaruh Dewan Komisaris Independen, Kepemilikan Institusional dan Corporate Social Responsibility terhadap Tax Avoidance di Perusahaan Perbankan. Jurnal Ilmiah Akuntansi, 8(3), 114–131. https://ejournal.unibba.ac.id/index.php/akurat/article/view/65
Hidayat, W., & Nugroho, A. A. (2002). Pharmacokinetic study of esomeprazole in patients with hepatic impairment. European Journal of Gastroenterology and Hepatology, 14(5), 491–496. https://doi.org/10.1097/00042737-200205000-00005
Intia, L. C., & Azizah, S. N. (2021). Pengaruh Dewan Direksi, Dewan Komisaris Independen, Dan Dewan Pengawas Syariah Terhadap Kinerja Keuangan Perbankan Syariah Di Indonesia. Jurnal Riset Keuangan Dan Akuntansi, 7(2), 46–59. https://doi.org/10.25134/jrka.v7i2.4860
Li, J. (2024). Do managers respond to tax avoidance incentives by investing in the tax function? Evidence from tax departments. Journal of Contemporary Accounting and Economics, 20(1), 100401. https://doi.org/10.1016/j.jcae.2024.100401
Lubis, R. A., M, B., & Sari, E. N. (2021). Faktor-Faktor yang Mempengaruhi Kepatuhan Wajib Pajak Badan Usaha. Jurnal Aplikasi Pelayaran Dan Kepelabuhanan, 11(2), 96–105. https://doi.org/10.30649/japk.v11i2.70
Marfu’ah, L. (2015). Pengaruh Return On Asset, Leverage, Ukuran Perusahaan Kompensasi Rugi Fiskal Dan Koneksi Politik Terhadap Tax Avoidance. Universitas Muhammadiyah Surakarta.
Moreno, J. E. C., & Polit. (2012). Policy transfer and lesson drawing. The case of the pension system reform in Mexico. Estudios Gerenciales, 28(122), 139–151. https://doi.org/10.1016/S0123-5923(12)70198-5
Nguyen, H. T. T., Larimo, J., & Ghauri, P. (2022). Understanding foreign divestment: The impacts of economic and political friction. Journal of Business Research, 139(September 2021), 675–691. https://doi.org/10.1016/j.jbusres.2021.10.009
Oktafiah, Y. (2019). Pengaruh Good Corporate Terhadap Manajemen Laba. Angewandte Chemie International Edition, 6(11), 951–952., 2. https://doi.org/https://doi.org/10.18860/em.v2i2.2361
Otoritas Jasa Keuangan Republik Indonesia (2014).
Razen, M., & Kupfer, A. (2023). The effect of tax transparency on consumer and firm behavior: Experimental evidence. Journal of Behavioral and Experimental Economics , 104(August 2021), 101990. https://doi.org/10.1016/j.socec.2023.101990
Sekaran, U. (2011). Data Primer & Sekunder. In Research Methods For Business (Metode Penelitian Untuk Bisnis). https://digilib.itbwigalumajang.ac.id/index.php?p=show_detail&id=1647
Shen, T., Chen, H. H., Zhao, D. H., & Qiao, S. (2022). Examining the impact of environment regulatory and resource endowment on technology innovation efficiency: From the microdata of Chinese renewable energy enterprises. Energy Reports, 8, 3919–3929. https://doi.org/10.1016/j.egyr.2022.03.037
Sitkiewicz, M., & Białek-Jaworska, A. (2024). Profit shifting to tax havens: Withholding tax impact on passive flows from Poland. Transnational Corporations Review, 16(2). https://doi.org/10.1016/j.tncr.2024.200059
Tiraada, T. A. M. (2013). Kesadaran Perpajakan, Sanksi Pajak, Sikap Fiskus Terhadap Kepatuhan WPOP Di Kabupaten Minahasa Selatan. Jurnal EMBA, 1(3), 999–1008. https://doi.org/10.35794/emba.1.3.2013.2305
Villanueva-Villar, M., & Elena Rivo-López. (2016). On the relationship between corporate governance and value creation in an economic crisis: Empirical evidence for the Spanish case. BRQ Business Research Quarterly, 19(4), 233–245. https://doi.org/10.1016/j.brq.2016.06.002
Vusal, A., & Zohrab, P. (2024). Money transfers and tax revenue in post-socialist countries: Evidence from the panel ARDL model. Regional Science Policy & Practice , xxxx, 100016. https://doi.org/10.1016/j.rspp.2024.100016
Yahya, K., & Fietroh, M. N. (2021). Pengaruh Return On Asset (ROA) Return On Equity (ROE) dan Net Profit Margin (NPM) terhadap nilai perusahaan. Jurnal Manajemen Dan Bisnis, 4(2), 57–64. https://doi.org/10.37673/jmb.v4i2.1305
Yuniarti, N., Sherly, E. N., & Sari, D. N. (2020). Pengaruh Kepemilikan Institusional Dan Dewan Komisaris Independen Terhadap Tax Avoidance Pada Perusahaan Lq-45 Yang Terdaftar Di Bei Periode 2015-2017. Jurnal Akuntansi, Keuangan Dan Teknologi Informasi Akuntansi, 1(1), 97–109. https://doi.org/10.36085/jakta.v1i1.827
Yusuf, M. (2017). Dampak Indikator Rasio Keuangan terhadap Profitabilitas Bank Umum Syariah di Indonesia. Jurnal Keuangan Dan Perbankan, 13(2), 141. https://doi.org/10.35384/jkp.v13i2.53
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2024-08-31
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