LIKUIDITAS, LEVERAGE, KOMISARIS INDEPENDEN, DAN MANAJEMENLABA TERHADAP AGRESIVITAS PAJAK PERUSAHAAN
Krisnata Dwi Suyanto
Fakultas Ekonomika dan Bisnis Universitas Kristen Satya WacanaJl. Diponegoro 52-60 Salatiga, 50711.
Tax aggressive was the action designed to reduce taxable income appropriate to tax plan, which could be legal or illegal. This study investigated if extent of liquidity, leverage, independent commissioners and earning management affected corporate tax aggressiveness. Effective tax rate (ETR) and cash effective tax rate (CETR) were used to measure tax aggressiveness. Test was conducted for manufacturing firms which were listed in Indonesian Stock Exchange during the period of 2006-2010. Panel data regression was used to test the hypothesis. The result of the hypothesis was that it failed to find significant relation between liquidity and tax aggressiveness. Independent commissioners had a negative impact to tax aggressiveness, but leverage and earning management had a positive impact to tax aggressiveness.
Keywords: corporate tax aggressiveness, liquidity, leverage, independent commissioners, earning management.
CORPORATE GOVERNANCE TERHADAP KINERJA PERUSAHAAN
Fakultas Ekonomi Universitas Khairun Ternate
Jl. Kampus II Gambesi, Ternate Selatan
Korespondensi dengan Penulis:
Herman Darwis: Telp. +62 921 311 0322, Fax.+ 62 921 311 0901
The research aimed to provide empirical evidence that corporate governance implementation, managerial ownership, institutional ownership, board of executive and independent executive affected corporate performance. Population of the research was companies listed at Indonesian Stock Exchange (ISX) between 2006–2008; sampling method used was purposive sampling as well as multiple regression analysis. The result showed the implementation of GCG affected corporate performance. These meant that if the listed companies at BEI and have been surveyed by IICG implement good corporate governance, the performance would increase. The higher corporate governance was measured by corporate governance index perception, the higher corporate obedience and result in a good corporate performance. Institutional ownership affected corporate performance. The greater institutional share ownership, the better corporate performance. The result showed that control function from the ownership did determine improving corporate performance. Managerial ownership, board of commissioner, and commissioner independent did not affect corporate.
Key words: corporate governance, managerial ownership, institutional ownership, board of commissioner, commissioner independent