Azmi, Khaeril (2026) Pengaruh Penghindaran Pajak Dan Risiko Pajak Terhadap Nilai Perusahaan Dengan Environment Social Government (ESG) Sebagai Moderasi (Studi Empiris pada Perusahaan Sektor Energi yang Terdaftar di Bursa Efek Indonesia tahun 2020 - 2024). Jurnal thesis, STIE YKPN YOGYAKARTA.
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Abstract
This study aims to examine the effect of tax avoidance and tax risk on firm value, as well as to investigate the moderating role of the Environmental, Social, and Governance (ESG) in the relationship between tax-related practices and firm value. Firm value is an important indicator reflecting investors’ perceptions of a company’s future prospects and long-term sustainability. Tax avoidance and tax risk have become major concerns for investors because they may affect earnings quality, corporate transparency, and market confidence. Meanwhile, the implementation of Environmental, Social, and Governance (ESG) practices is expected to enhance corporate legitimacy and strengthen investor confidence, thereby potentially moderating the relationship between tax practices and firm value. However, previous empirical studies have reported inconsistent findings, highlighting the need for further investigation. This study employed a quantitative research approach using secondary data obtained from the annual reports of energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The research sample was selected using a purposive sampling technique based on predetermined criteria. The data were analyzed using panel data regression with Moderated Regression Analysis (MRA) to examine both the direct effects and the moderating effect of the ESG Score. The results indicate that tax avoidance has no significant effect on firm value (β = −0.079; p = 0.936). In contrast, tax risk has a negative and statistically significant effect on firm value (β = −0.731; p < 0.001). Furthermore, the ESG Score does not moderate the relationship between tax avoidance and firm value (β = 2.438; p = 0.831), nor does it moderate the relationship between tax risk and firm value (β = 0.578; p = 0.735). These findings suggest that investors in energy sector companies place greater emphasis on tax risk than on tax avoidance practices or ESG performance when assessing firm value.
| Item Type: | Thesis (Jurnal) |
|---|---|
| Additional Information: | Tugas Akhir ini bisa dilihat di perpustakaan dengan Call Number AZM P 772/2026 |
| Uncontrolled Keywords: | Tax Avoidance; Tax Risk; Firm Value; Environmental, Social, and Governance (ESG) Score; Moderated Regression Analysis. |
| Subjects: | AKUNTANSI > Pajak |
| Divisions: | Program Pasca Sarjana > Jurnal Tesis Magister Akuntansi |
| Depositing User: | Unnamed user with email webmaster@stieykpn.ac.id |
| Date Deposited: | 30 Sep 2026 05:07 |
| Last Modified: | 30 Sep 2026 05:07 |
| URI: | http://repositorybaru.stieykpn.ac.id/id/eprint/3698 |
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