The Effect of Tax Avoidance and Profitability on Company Value in Manufacturing Companies in the Food and Beverage Sub-Sector Listed on the Indonesia Stock Exchange
Abstract
This study aims to determine the effect of tax avoidance and profitability on firm value partially and simultaneously in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange (IDX). The population in this study is the food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange in the 2016 - 2020 period of 26 companies. Samples were taken as many as 11 companies using purposive sampling technique. T test results of the study partially show that the tax avoidance has not effect and not significant on firm value. T test results of the study partially show that the profitability have a significant effect on firm value. Simultaneous research results show that tax avoidance and profitability have a significant effect on firm value. The coefficient of determination (R²) shows that the firm value variable can be explained by the variables of tax avoidance and profitability, while the rest is explained by other factors such asas Asset Structure, Liquidity, and leverage.
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