Firm Value Determinants in Chemical Sub-sector: Moderation by Firm Size (2017-2021)-Reference-Cited by-同舟云学术

Firm Value Determinants in Chemical Sub-sector: Moderation by Firm Size (2017-2021)

Published:2024-04-01 Issue:2 Volume:25 Page:
ISSN:2598-9901
Container-title:Indonesian Journal of Public Policy Review
language:
Short-container-title:IJPPR

Author:

Safitri Anik,Ernandi Herman

Abstract

This quantitative study investigates the influence of tax planning, profitability, liquidity, and dividend policy on firm value in the chemical sub-sector manufacturing companies listed on the IDX during 2017-2021. Employing Partial Least Square (PLS) analysis on a sample of 50 companies selected through purposive sampling, we found that tax planning and profitability significantly impact firm value, while liquidity and dividend policy exhibit no such effect. Additionally, firm size moderates the relationship between tax planning and dividend policy with firm value but does not moderate the relationship between liquidity and profitability with firm value. These findings provide insights for policymakers and practitioners regarding the significance of tax planning strategies and the interplay between firm size and key determinants of firm value within the chemical manufacturing sector Highlights : Tax planning and profitability significantly influence firm value in the chemical manufacturing sector. Firm size moderates the relationship between tax planning and dividend policy with firm value. Liquidity and dividend policy show no significant effect on firm value in the chemical manufacturing sector. Keywords: Tax Planning, Firm Value, Partial Least Square (PLS), Chemical Manufacturing Sector, Firm Size Moderation

Publisher

Universitas Muhammadiyah Sidoarjo

Reference30 articles.

1. W. C. Dewi, M. Y. Siregar, and E. D. S. Tarigan, "Pengaruh Likuiditas Dan Pertumbuhan Penjualan Terhadap Nilai Perusahaan Pada Perusahaan Telekomunikasi Yang Terdaftar Di Bursa Efek Indonesia Tahun 2015-2018," J. Ilm. Manaj. dan Bisnis, vol. 1, no. 2, pp. 106–111, 2020, doi: 10.31289/jimbi.v1i2.406.

2. L. W. Setiawati and M. Lim, "Analisis Pengaruh Profitabilitas, Ukuran Perusahaan, Leverage, dan Pengungkapan Sosial Terhadap Nilai Perusahaan pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2011-2015," J. Akunt., vol. 12, no. 1, pp. 30–35, 2020.

3. D. P. Ayu and A. A. G. Suarjaya, "Pengaruh Profitabilitas Terhadap Nilai Perusahaan Dengan Corporate Social Responsibility Sebagai Variabel Mediasi Pada Perusahaan Pertambangan," E-Jurnal Ekon. dan Bisnis Univ. Udayana, vol. 6, no. 2, pp. 1112–1138, 2017.

4. Dewanta and Achmad, "Pengaruh Perencanaan Pajak Terhadap Nilai Perusahaan dengan Kualitas Corporate Governance Sebagai Variabel Moderasi," Diponegoro J. Account., vol. 6, no. 1, pp. 1–7, 2017.

5. C. Yuono and D. Widyawati, "Pengaruh Perencanaan Pajak dan Corporate Governance Terhadap Nilai Perusahaan," J. Ilmu dan Ris. Akunt., vol. 5, no. 6, pp. 1–19, 2016. [Online]. Available: http://ejournal.upi.edu/index.php/JRAK/article/view/7708