Pengaruh Financial Distress dan Corporate Governance terhadap Tax Avoidance
Abstract
Penelitian ini bertujuan untuk menguji pengaruh financial distress dan corporate governance terhadap tax avoidance. Tax avoidance diukur dengan cash effective tax rate, sedangkan financial distress diukur dengan Altman Z-Score, dan corporate governance diproksikan dengan kepemilikan institusional. Metode penelitian yang digunakan adalah metode kuantitatif dengan pendekatan deskriptif statistik. Analisis data menggunakan analisis regresi berganda. Teknik pengambilan sampel yang digunakan adalah simple random sampling yang terdiri dari 40 perusahaan perbankan yang terdaftar di Bursa Efek Indonesia tahun 2018-2019. Hasil penelitian secara parsial menunjukkan bahwa financial distress berpengaruh positif dan signifikan terhadap tax avoidance; corporate governance berpengaruh positif dan signifikan terhadap tax avoidance; serta financial distress dan corporate governance berpengaruh signifikan secara simultan terhadap tax avoidance.
Kata Kunci: Tax Avoidance, Financial Distress, Corporate Governance
References
Alharbi, S., Atawnah, N., Mamun, M. Al, & Ali, M. J. (2020). Local Culture and Tax Avoidance: Evidence from Gambling Preference Behaviour. Global Finance Journal, 100585. https://doi.org/10.1016/j.gfj.2020.100585
Amin, K., & Suyono, N. A. (2020). Pengaruh Corporate Governance Terhadap Tax Avoidance (Studi Empiris pada Perusahaan Manufaktur yang terdaftar di BEI Periode 2016 sampai 2018). Journal of Economic, Business and Engineering (JEBE), 1(2), 248–259.
Aničić, J., Jelić, M., & Đurović, J. M. (2016). Local Tax Policy in the Function of Development of Municipalities in Serbia. Procedia - Social and Behavioral Sciences, 221, 262–269. https://doi.org/10.1016/j.sbspro.2016.05.114
Annuar, H. A., Salihu, I. A., Normala, S., & Obid, S. (2014). Corporate ownership , governance and tax avoidance : An interactive effects. Procedia - Social and Behavioral Sciences, 164(August), 150–160. https://doi.org/10.1016/j.sbspro.2014.11.063
Bayar, O., Huseynov, F., & Sardarli, S. (2018). Corporate Governance, Tax Avoidance, and Financial Constraints. Financial Management, 47(3), 651–677. https://doi.org/10.1111/fima.12208
Beaver, W. H., Correia, M., & McNichols, M. F. (2011). Financial Statement Analysis and the Prediction of Financial Distress (R. Dye, D. Larcker, S. Penman, & S. Reichelstein (eds.)). Now Publishers Inc. https://doi.org/http://dx.doi.org/10.1561/1400000018
Bird, A., & Karolyi, S. A. (2017). Governance and Taxes: Evidence from Regression Discontinuity. The Accounting Review, 92(1), 29–50. https://doi.org/10.2308/accr-51520
Blaufus, K., Möhlmann, A., & Schwäbe, A. (2016). Corporate Tax Minimization and Stock Price Reactions. Quantitative Tax Research. Arqus., 24. http://hdl.handle.net/10419/130248
Cheisviyanny, C. (2015). Pengaruh Profitabilitas , Ukuran Perusahaan dan Kompensasi Rugi Fiskal Terhadap Tax Avoidance (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Tahun 2010-2013). SNEMA, c. http://fe.unp.ac.id/
Chen, S., Huang, Y., Li, N., & Shevlin, T. (2018). How does quasi-indexer ownership a ff ect corporate tax planning ? Journal of Accounting and Economics, 67, 278–296. https://doi.org/10.1016/j.jacceco.2018.01.001
Cita, I. G. A., & Supadmi, N. L. (2019). Pengaruh Financial Distress dan Good Corporate Governance pada Praktik Tax Avoidance. E-Jurnal Akuntansi, 29(3), 912–927. https://doi.org/https://doi.org/10.24843/EJA.2019.v29.i03.p01
Dewi, N. M. (2019). Pengaruh Kepemilikan Institusional, Dewan Komisaris Independen, dan Komite Audit Terhadap Penghindaran Pajak (Tax Avoidance) Pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2012-2016. Maksimum Media Akuntansi Universitas Muhammadiyah Semarang, 9(2), 171–189.
Dhamara, G. P., & Violita, E. S. (2018). The Influence of Financial Distress and Independence of Board of Commissioners on Tax Aggressiveness. Advances in Economics, Business and Management Research (AEBMR), 55(Iac 2017), 81–86.
Dhawan, A., Ma, L., & Kim, M. H. (2020). Journal of Contemporary Effect of corporate tax avoidance activities on firm bankruptcy risk. Journal of Contemporary Accounting & Economics, 16(2), 100187. https://doi.org/10.1016/j.jcae.2020.100187
Eccleston, R., & Elbra, A. (2018). Business, Civil Society and the ‘New’ Politics of Corporate Tax Justice: Paying a Fair Share. Edward Elgar Publishing Limited.
Edwards, A., Schwab, C., & Shevlin, T. (2013). Financial Constraints and the Incentive for Tax Planning. American Taxation Association Midyear Meeting.
Eskandar, H., & Ebrahimi, P. (2020). Tax Avoidance and Institutional Ownership : Active vs . Passive Ownership. International Journal of Finance and Managerial Accounting, 5(17), 95–106.
Feizi, M., Panahi, E., Keshavarz, F., Mirzaee, S., & Mosavi, S. M. (2016). The Impact of the Financial Distress on Tax Avoidance in Listed Firms: Evidence from Tehran Stock Exchange (TSE). International Journal of Advanced Biotechnology and Research, 7(1), 976–2612. http://www.bipublication.com
Feranika, A., & H. Mukhzarudfa, A. M. (2017). Pengaruh Kepemilikan Institusional, Dewan Komisaris Independen, Kualitas Audit, Komite Audit, Karakter Eksekutif, dan Leverage Terhadap Tax Avoidance (Studi Empiris Pada Perusahaan Manufaktur di Bursa Efek Indonesia dengan TahunPengamatan 2010-2014). Jurnal Akuntansi & Keuangan UNJA, 2(3), 12–21. https://doi.org/DOI: https://doi.org/10.22437/jaku.v2i2.4710
Fitriana, A., & Aisyah, N. (2021). The Effect of Financial Constraints and Institutional Ownership on Tax Agressiveness. Accounting Research Journal of Sutaatmadja (ACCRUALS), 05(1), 38–53. https://doi.org/(https://doi.org/10.35310/accruals.v5i01.606)
Goh, B. W., Lee, J., & Lim, C. Y. (2016). The Effect of Corporate Tax Avoidance on the Cost of Equity. The Accounting Review, 91(6), 1647–1670. https://doi.org/10.2308/accr-51432
Guenther, D. A., Matsunaga, S. R., & Williams, B. M. (2017). Is Tax Avoidance Related to Firm Risk? The Accounting Review, 92(1), 115–136. https://doi.org/10.2308/accr-51408
Habib, A., Bhuiyan, M. B. U., & Islam, A. (2013). Financial distress , earnings management and market pricing of accruals during the global financial crisis. Managerial Finance, 39(2), 155–180. https://doi.org/10.1108/03074351311294007
Hummel, K., & Schlick, C. (2016). J . Account . Public Policy The relationship between sustainability performance and sustainability disclosure – Reconciling voluntary disclosure theory and legitimacy theory. Journal of Accounting and Public Policy, 41. https://doi.org/10.1016/j.jaccpubpol.2016.06.001
Hutchens, M., & Rego, S. (2013). Tax Risk and the Cost of Equity Capital. SSRN Electronic Journal. https://doi.org/doi:10.2139/ssrn.2186564
Jiang, Y., Zheng, H., & Wang, R. (2020). The effect of institutional ownership on listed companies ’ tax avoidance strategies. Applied Economics, 00(00), 1–17. https://doi.org/10.1080/00036846.2020.1817308
Jiménez-angueira, C. E. (2018). The effect of the interplay between corporate governance and external monitoring regimes on firms’ tax avoidance. Advances in Accounting Journal, 41(March), 7–24. https://doi.org/10.1016/j.adiac.2018.02.004
Kementerian Keuangan Republik Indonesia. (2019). APBN KITA. www.kemenkeu.go.id
Khan, M., Srinivasan, S., & Tan, L. (2017). Institutional Ownership and Corporate Tax Avoidance: New Evidence. The Accounting Review, 92(2), 101–122. https://doi.org/10.2308/accr-51529
Khurana, I. K., & Moser, W. J. (2013). Institutional Shareholders’ Investment Horizons and Tax Avoidance. Journal of the American Taxation Association, 35(1), 111–134. https://doi.org/10.2308/atax-50315
Kiser, E., & Karceski, S. M. (2017). Political Economy of Taxation. Annual Review of Political Science, December, 1–18. https://doi.org/10.1146/annurev-polisci-052615-025442
Kodriyah, & Putri, R. F. (2019). Pengaruh Perencanaan Pajak dan Kecakapan Manajerial Terhadap Manajemen Laba. Jurnal Akuntansi, 6(1), 55–68. https://doi.org/http://dx.doi.org/10.30656/jak.v6i1.930
Kovermann, J., & Velte, P. (2019). The impact of corporate governance on corporate tax avoidance—A literature review. Journal of International Accounting, Auditing and Taxation, 36, 100270. https://doi.org/10.1016/j.intaccaudtax.2019.100270
Lestari, G. A. W., & Putri, I. G. A. . A. D. (2017). Pengaruh Corporate Governance, Koneksi Politik, dan Leverage Terhadap Penghindaran Pajak. E-Jurnal Akuntansi Universitas Udayana, 18(3), 2028–2054.
Li, Z., Crook, J., Andreeva, G., & Tang, Y. (2020). Predicting the risk of financial distress using corporate governance measures. Pacific-Basin Finance Journal, February, 101334. https://doi.org/10.1016/j.pacfin.2020.101334
Liang, D., Tsai, C., Lu, H. R., & Chang, L. (2020). Combining corporate governance indicators with stacking ensembles for financial distress prediction. Journal of Business Research, 120(July), 137–146. https://doi.org/10.1016/j.jbusres.2020.07.052
Meilia, P., & Adnan. (2017). Pengaruh Financial Distress , Karakteristik Eksekutif , dan Kompensasi Eksekutif Terhadap Tax Avoidance Pada Perusahaan Jakarta Islamic Index. Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi (JIMEKA), 2(4), 84–92.
Merslythalia, D. R., & Lasmana, M. S. (2016). Komisaris Independen, dan Kepemilikan Institusional Terhadap Tax Avoidance. Jurnal Ilmiah Akuntansi Dan Bisnis, 11(2), 117–124.
Murray, R. (2012). Tax Avoidance (K. P. QC (ed.); 1st ed.). Sweet & Maxwell.
Ningrum, L. H., & Hendrawati, E. (2018). Pengaruh Corporate Governance Terhadap Manajemen Pajak. Jurnal Ekonomi-Manajemen-Akuntansi, 14(2), 77–92.
Nugroho, R. P., T, S., & Mardiati, E. (2020). The effect of financial distress and earnings management on tax aggressiveness with corporate governance as the moderating variable. International Journal of Research in Business and Social Science (IJBRS), 9(7), 167–176.
Octaviani, R. R., & Sofie. (2018). Pengaruh Good Corporate Governance, Capital Intensity Ratio, Leverage, dan Financial Distress Terhadap Agresivitas Pajak Pada Perusahaan. Jurnal Akuntansi Trisakti, 0832(September), 253–268. https://doi.org/http://dx.doi.org/10.25105/jat.v5i2.4848
Pohan, C. A. (2018). Optimizing Corporate Tax Management: Kajian Perpajakan dan Tax Planning-nya Terkini (S. B. Hastuti (ed.); Kedua). Bumi Aksara.
Priyatno, D. (2010). Paham Analisa Statistik Data dengan SPSS. Mediakom.
Putri, R. A. H., & Chariri, A. (2017). Pengaruh Financial Distress dan Good Corporate Governance Terhadap Praktik Tax Avoidance Pada Perusahaan Manufaktur. Diponegoro Journal of Accounting, 6(2), 1–11. http://ejournal-s1.undip.ac.id/index.php/accounting
Rani, P. (2017). Pengaruh Ukuran Perusahaan, Financial Distress, Komite Audit, dan Komisaris Independen Terhadap Tax Avoidance (Studi Empiris pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun 2012-2016). Jurnal Akuntansi Dan Keuangan, 6(2), 221–241.
Riantami, V. L., & Triyanto, D. N. (2018). Pengaruh Proporsi Komisaris Independen, Financial Distress, Intensitas Aset Tetap, dan Pertumbuhan Penjualan Terhadap Tax Avoidance. Jurnal Aksara Public, 2(4).
Richardson, G., Lanis, R., Taylor, G., Richardson, G., & Lanis, R. (2014). Financial Distress , Outside Directors and Corporate Tax Aggressiveness Spanning the Global Financial Crisis : An Empirical Analysis School of Accounting. Journal of Banking Finance. https://doi.org/10.1016/j.jbankfin.2014.11.013
Richardson, G., Taylor, G., & Lanis, R. (2015). The impact of financial distress on corporate tax avoidance spanning the global financial crisis : Evidence from Australia. Economic Modelling, 44, 44–53. https://doi.org/10.1016/j.econmod.2014.09.015
Sadjiarto, A., Hartanto, S., Natalia, & Octaviana, S. (2020). Analysis of the Effect of Business Strategy and Financial Distress on Tax Avoidance. Journal of Economics and Business, 3(1), 238–246. https://doi.org/10.31014/aior.1992.03.01.193
Saputra, M. (2017). The Influence of Ownership Structures , Financial Distress , and Tax Loss Carry Forward on Tax Avoidance ( Study on Manufacturing Company Listed in Indonesia Stock Exchange ). Journal of Resources Development and Management, 31(2011), 21–31. www.iiste.org
Sutedi, A. (2011). Good Corporate Governance (Tarmizi (ed.); 1st ed.). Sinar Grafika.
Swandewi, N. P., & Noviari, N. (2020). Pengaruh Financial Distress dan Konservatisme Akuntansi pada Tax Avoidance. E-Jurnal Akuntansi, 30(7), 1670–1683. https://doi.org/https://doi.org/10.24843/EJA.2020.v30.i07.p05
Tilehnouei, M. H., Esfahani, S. T., & Soltanipanah, S. (2018). Investigating the Effect of Financial Distress on Tax Avoidance during the Global Financial Crisis in Companies Listed on Tehran Stock Exchange. International Journal of Finance and Managerial Accounting, 3(9), 41–51.
Wijoyo, N. A. (2016). Menakar Kinerja Perusahaan Pembiayaan: Kesulitan Keuangan Perusahaan Pembiayaan (Financial Distress) (A. W. Sumarlin (ed.); Jilid II). UI-Press.
Yuni, N. P. A. I., & Setiawan, P. E. (2019). Pengaruh Corporate Governance dan Profitabilitas terhadap Penghindaran Pajak dengan Ukuran Perusahaan Sebagai Variabel Pemoderasi. E-Jurnal Akuntansi, 29(1), 128–144. https://doi.org/DOI: https://doi.org/10.24843/EJA.2019.v29.i01.p09
Published
How to Cite
Issue
Section
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
