Email this article Corporate Governance, Tax Plannings and Firm Risk: Empirical Study of Indonesian Manufacturing Companies
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Banyak perusahaan mengurangi beban pajak serendah mungkin, yang memunculkan perilaku perencanaan pajak. Efisiensi pajak dilakukan untuk mengoptimalkan keuntungan perusahaan melalui berbagai kebijakan. Sementara itu, penerapan kebijakan perpajakan tertentu dapat meningkatkan risiko perusahaan karena memicu ketidakpastian arus kas dan laba. Penelitian ini bertujuan untuk menguji pengaruh penghindaran pajak, agresivitas pajak, dan risiko pajak terhadap risiko perusahaan. Selain itu, penelitian ini juga menguji peran moderasi dari corporate governance pengujian variabel independen dan variabel dependen. Data yang digunakan dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) selama periode pengamatan 2016-2019 yang bersumber dari situs web resmi Bursa Efek Indonesia, situs web perusahaan, www.finance.yahoo.com dan www.bloomberg.com. Berdasarkan purposive sampling, penelitian ini menghasilkan total sampel sebanyak 260 firm-year. Pengujian hipotesis dilakukan dengan menggunakan analisis linier regresi linier berganda untuk data panel. Hasil penelitian menunjukkan bahwa penghindaran pajak dan risiko pajak berhubungan positif dengan risiko perusahaan, sedangkan agresivitas pajak tidak berhubungan dengan risiko perusahaan. Selanjutnya, penelitian ini juga menemukan bahwa tata kelola perusahaan tidak memiliki efek moderasi dalam pengujian variabel independen dan variabel dependen. Penelitian ini memberikan kebaruan terkait dengan aktivitas pengujian perencanaan pajak terkait dengan risiko perusahaan yang masih jarang dilakukan dalam penelitian sebelumnya.
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