The Influence of Aggressive Tax, Company Size, Business Risk, and Company Growth on Firm Value

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Diterbitkan: Des 1, 2025
DOI: https://doi.org/10.31253/pearl.v1i2.4072

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Penulis

    Yanne( 1 ) Etty Herijawati( 2 )

    (1) Buddhi Dharma University | Indonesia
    (2) Buddhi Dharma University | Indonesia

Abstrak

The objective of this study is to examine the effects of aggressive taxation on the corporate value of real estate companies listed on the Indonesia Stock Exchange (IDX) between 2019 and 2023. The effects of aggressive taxation include company size, risk, and growth. The research was conducted using a quantitative approach using multiple linear regression analysis. Secondary data were obtained from the companies' annual financial reports, with a sample size of 46 observations from 13 companies selected using purposive sampling. The results show that the Aggressive Tax and Company Size variables have a positive and significant effect on firm value. This reflects that efficient tax planning strategies and large company scale can improve market valuation and investor perception. Meanwhile, the Business Risk and Company Growth variables did not show a significant individual effect on firm value. However, simultaneous testing proved that all four independent variables together had a significant effect on firm value, with an Adjusted R-Square value of 37.8%, indicating that the model has a relatively adequate predictive power. The practical implications of these findings underline the importance for companies to optimize legal tax planning, strengthen asset and operational structures, and manage growth and risk strategically. This study also contributes to investors, company management, and future researchers in understanding the internal determinants that affect the firm value of property sector companies in Indonesia.

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Cara Mengutip
Yanne, & Etty Herijawati. (2025). The Influence of Aggressive Tax, Company Size, Business Risk, and Company Growth on Firm Value. PEARL, 1(2), 105–120. https://doi.org/10.31253/pearl.v1i2.4072
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Vol 1 No 2 (2025): PEARL (Perspectives in Economics, Accounting, and Resource Leadership)
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Articles
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