Proceedings of the International Conference on Entrepreneurship, Leadership and Business Innovation (ICELBI 2022)

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The Influence of Financial and Non-Financial Factors on Firm Value with Tax Aggressiveness as a Moderating Variable

Authors
Susi Dwi Mulyani1, *, Giawan Nur Fitria1, Amalia Puspita Wardhani1
1Department of Accounting, Faculty Economics and Business, Universitas Trisakti, Jakarta, Indonesia
*Corresponding author. Email: susi.dwimulyani@trisakti.ac.id
Corresponding Author
Susi Dwi Mulyani
Available Online 10 January 2024.
DOI
10.2991/978-94-6463-350-4_59How to use a DOI?
Keywords
Financial Factors; Non-Financial Factors; Firm Value; Tax Aggressiveness
Abstract

The firm value reflects the welfare that can be enjoyed by its stakeholders, especially by its shareholders. Financial and non-financial factors influence firm value. This study examines the effect of the firm's financial and non-financial factors on firm value. In addition, it analyzes whether tax aggressiveness moderates the influence of financial and non-financial factors on firm value. The firm's liquidity and leverage represent financial factors, while independent commissioners, audit committees, and family ownership represent non-financial factors. The sampling technique uses purposive sampling from the population, namely the property and real estate sector industries listed on the Indonesia Stock Exchange. Hypothesis testing using the moderated regression analysis method using panel data. The results of hypothesis testing show that independent commissioners have a positive effect on firm value, and the audit committee also has a positive effect on firm value. Tax aggressiveness as a moderating variable weakened the influence of independent commissioners and audit committees on firm value. Furthermore, liquidity, leverage, and family ownership do not affect firm value. Likewise, tax aggressiveness does not moderate the effect of liquidity, leverage, and family ownership on firm value.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Entrepreneurship, Leadership and Business Innovation (ICELBI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
10 January 2024
ISBN
978-94-6463-350-4
ISSN
2352-5428
DOI
10.2991/978-94-6463-350-4_59How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Susi Dwi Mulyani
AU  - Giawan Nur Fitria
AU  - Amalia Puspita Wardhani
PY  - 2024
DA  - 2024/01/10
TI  - The Influence of Financial and Non-Financial Factors on Firm Value with Tax Aggressiveness as a Moderating Variable
BT  - Proceedings of the International Conference on Entrepreneurship, Leadership and Business Innovation (ICELBI 2022)
PB  - Atlantis Press
SP  - 597
EP  - 605
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-350-4_59
DO  - 10.2991/978-94-6463-350-4_59
ID  - Mulyani2024
ER  -