PENGARUH STRUKTUR MODAL DAN TAX AVOIDANCE TERHADAP NILAI PERUSAHAAN (Studi Empiris Perusahaan Manufaktur Subsektor Makanan dan Minuman yang terdaftar di Bursa Efek Indonesia tahun 2016-2020)

Abstract

This purpose of this research to determine the effect of capital structure and tax avoidance on firm value. This research was conducted on food and beverage sub- sector manufacturing companies listed on the Indonesia Stock Exchange in 2016- 2020. The sample was selected by purposive sampling technique and the number of samples was 6 companies. The data testing method used is descriptive statistical analysis, classical assumption test, multiple linear regression analysis, hypothesis testing and coefficient of determination test. The results of this study indicate that partially the capital structure variable has no effect on firm value. While the tax avoidance variable has positif and significant effect on firm value. For the results of panel data regression analysis, the variables of capital structure and tax avoidance simultaneously have a significant effect on firm value. The results of this study also show that the effect of the variable capital structure and tax avoidance explains 24.89% of the variation in the firm value variable. While the remaining 75.11% is influenced by other variables that are not measured in this regression model.Keywords: Capital Structure, Tax Avoidance, Firm Valu