The effect of the tax planning to firm value with moderating board diversity

Nanik Lestari, Ratna Wardhani

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)

Abstract

The purpose of this research is to analyze the impact activities tax planning (TP) to firm value with board diversity as moderating variable. The research was conducted for non-banking and financial firms in Indonesia stock exchange for 2010-2011. The results of this study are: Firstly, we found evidence of positive relationship between TP and firm value. Secondly, we found evidence that board diversity (AGE and BSTUDY of member director) could increase the positive influence of TP into firm value, except for MINORITY could decrease the positive influence of TP into firm value. Finally, the results of the sensitivity test with the full model and the full sample suggested that TP had robust positive effect in increasing firm value, then the moderating influence of board diversity (BSTUDY and MINORITY) on the relationship between TP and firm value was consistent but other variables of board diversity (AGE) are not consistent.

Original languageEnglish
Pages (from-to)315-323
Number of pages9
JournalInternational Journal of Economics and Financial Issues
Volume5
Publication statusPublished - 28 Jul 2015

Keywords

  • Board diversity
  • Firm value
  • Tax planning

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