PENGARUH AGRESIVITAS PAJAK TERHADAP REAKSI PASAR DENGAN DEWAN KOMISARIS INDEPENDEN SEBAGAI VARIABEL MODERASI
DOI:
https://doi.org/10.25170/jak.v15i1.1464Keywords:
Tax Agressiveness, independent commissioner board, Market ReactionAbstract
The purpose of this study was to investigate the effect of Tax Aggressiveness on Market Reactions with the Independent Board of Commissioners as Moderating Variables. High and Low Market Reactions can be influenced by Tax Aggressiveness. This study aims to determine the effect of Tax Aggressiveness on Market Reactions and to find out whether Independent Board of Commissioners are able to weaken or strengthen the relation of Tax Aggressiveness to Market Reactions. This study uses observation methods in non-financial companies listed on the Indonesia Stock Exchange for the period 2015-2017. The population in this study amounted to 559 companies. The sample selection uses a purposive sampling technique, so that a total sample of 125 companies was obtained. The Moderated Regression Analysis (MRA) test is used in this research. The results of this study indicate that tax aggressiveness has a negative and significant effect on market reaction. The Independent Board of Commissioners strenghten the relation of Tax Aggressiveness to Market Reactions.
References
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Alivia, N. (2013). Analisis Faktor-faktor yang Mempengaruhi Nilai Perusahaan dengan Profitabilitas sebagai Variabel Intervening . Universitas Diponegoro.
Andri, Y. (2017). Kabar24.bisnis.com.Paradise Papers. Retrieved November 30, 2019,frombisnis.com:https://kabar24.bisnis.com/read/20171119/19/710542/paradise-papers-serikat-pekerja-kritik-nike.-facebook-apple-dan-alphabet-disorot
Ardyanto, M., & Pradana, A. (2017). Pengaruh Karakteristik Pengawasan Dewan Komisaris terhadap Agresivitas Pajak. Diponegoro Jurnal of Accounting, VI, 2-8.
Arifin, Z. (2003). Pengaruh Corporate Governance terhadap Reaksi Harga dan Volume Perdagangan pada saat Pengumuman Earnings. SNAVI Surabaya.
Bhutta, N., & Shah, S. (2014). Investor's Reaction to the Implementation of Corporate Governance Mechanism. Open Journal of Accounting, III, 3-8.
Daromes, F. E., & Jao, R. (2020). Peran Mediasi Kinerja Keuangan Pada Hubungan Dewan Direksi Dengan Reaksi Investor. Jurnal Akuntansi, 10(1), 77-92.
Desai, M., & Dharmapala. (2006). Corporate Tax Avoidance and High Powered Incentives. Journal of Financial Economics, 145-179.
Dharwadkar, R., George, G., & Brandes, P. (2000). Privatization in Emerging Economics : An Agency Theory Prespective. Academy of Management Review, 25.
Eisenhardt, K. (1989). Agency Theory : An Assesment and Review . Academy of Management Review, 57-74.
Eksandy, A. (2017). Pengaruh Komisaris Independen, Komite Audit, dan Kualitas Audit terhadap Penghindaran Pajak (Tax Avoidance). Jurnal Akuntansi dan Keuangan.
Fahrani, M., & Priyadi, P. M. (2016). Pengaruh Good Corporate Governance Terhadap Tindakan Pajak Agresif pada Perusahaan Manufaktur. Jurnal Ilmu dan Riset Akuntansi, Sekolah Tinggi Ilmu Ekonomi Indonesia, 5.
Fama, E. (1980). Agency Problems and the Theory of the Firm. Journal of Political Economy 1980, 88.
Fisher , D., & Donald , J. (1995). Bussines Essential. New Jersey: Prentice Hall.
Hanlon, M., & J, S. (2009). What Does Tax Agressiveness Signal ? Evidence from Stock Price Reactions to News about Tax Shelter Involvement. Journal of Public Economics, 93.
Hartono, H,. Pasoloran, O. & Daromes, F.E. (2020). Role of Hedging Mechanism in Maintaining Volatility Cash Flow and Growth Opportunity and Their Impact on Investor Reaction. Jurnal Ilmiah Akuntansi dan Bisnis, Vol 15, n. 1, p. 23-34
Indriawati, W. (2017). Pengaruh Dewan Komisaris Independen, Komite Audit, Kepemilikan Institusional dan Ukuran Perusahaan terhadap Penghindaran Pajak dengan Profitabilitas sebagai Variabel Moderating.
Jauhari, O. D. (2010). Pengaruh Perencanaan Pajak Terhadap Return Saham Perusahaan. Jurnal Akuntansi, X, 45-72.
Jensen, M., & Meckling, W. (1976). Theory of the Firm : Managerial Behavior, Agency Cost and Ownership Structure.
Nuswandari, C. (2009). Pengaruh Corporate Governance Perception Index terhadap Kinerja Perusahaan pada Perusahaan yang terdaftar di Bursa Efek Jakarta. Jurnal Bisnis dan Ekonomi, 16, 70-84.
Rossi, F., & Cebula, R. (2013). Stock Market Reactions to Announcements of Board of Director Appointments : Evidence From Italy. Munich Personal Repec Archive Paper.
Savitri, R. (2010). Pengaruh Mekanisme Corporate Governance terhadap Ketepatan Waktu Pelaporan Keuangan. Skripsi .
Simarmata. (2012). Pengaruh Tax Avoidance Jangka Panjang Terhadap Nilai Perusahaan Dengan Kepemilikan Institusional Sebagai Variabel Pemoderasi (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar Di BEI Periode 2011-2012). Skripsi. Program Sarjana Fakultas Ekonomi dan Bisnis Universitas Diponegoro.
Spence, M. (1973). Job Market Signalling. The Quarterly Journal of Economics, 87, 355-374.
Sugeng, P., & Trihartati, A. (2009). Pengaruh Independensi dan Efektivitas Komite Audit terhadap Manajemen Laba. Fakultas Ekonomi Universitas Diponegoro.
Sundari, S., & Setiawan, P. (2015). Pengaruh Karakteristik Dewan Komisaris, Struktur Kepemilikan, dan Reaksi Pasar. E-Jurnal Akuntansi Universitas Udayana, 12, 705-722.
Syukro. (2014). Retrieved July 28, 2020, from Kompas.com: https://money.kompas.com/read/2014/01/24/1644374/Ini.Alasan.Kasus.Pajak.Asian.Agri.Digiring.ke.Pelanggaran.Administrasi
Tsabat, A. (2015). Pengaruh Tax Avoidance, Kepemilikan Institusional, Kepemilikan Manajerial Komisaris Independen, Komite Audit dan Auditor Eksternal terhadap Nilai Perusahaan. Skripsi.
Wardana, D., & Martani, D. (2014). Pengaruh Book Tax Differences dan Struktur Kepemilikan terhadap Relevansi Laba. SNA XVII.
Zattoni, A., & Cuomo, F. (2010). How Independent, competent and incentivized should non-executive directors be? An empirical investigation of good governance codes. British Journal of Management, 21, 63-79.
Zhou, Y. (2011). Ownership Structure, Board Characteristic, and Tax Agressiveness. Theses and Dissertations, Paper 3.
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How to Cite
PENGARUH AGRESIVITAS PAJAK TERHADAP REAKSI PASAR DENGAN DEWAN KOMISARIS INDEPENDEN SEBAGAI VARIABEL MODERASI. (2021). Jurnal Akuntansi, 15(1), 25-41. https://doi.org/10.25170/jak.v15i1.1464
