The Effect of Tax Planning and Carbon Emissions Disclosure on Firm Value with Independent Commissioners as a Moderating Variable (A Study on Energy Sector Companies Listed on the Indonesia Stock Exchange in 2021–2023)
Keywords:
tax planning, carbon emission disclosure, independent commissioner, company valueAbstract
This study aims to determine the extent of the influence of Tax Planning and Carbon Emission Disclosure on Firm Value with Independent Commissioners as moderators in Energy Companies listed on the Indonesia Stock Exchange from 2021 to 2023. The population in this study is all energy sector companies listed on the IDX, totaling 83 companies, with a sample of 21 energy sector companies selected using Purposive Sampling technique, which is the selection of samples based on certain criteria. The data collection technique used in this study is documentation method. Data analysis is conducted using descriptive statistical analysis, estimation of panel data regression models, classical assumption tests, moderating regression analysis, and hypothesis testing. The selection of the panel data regression model consists of chow tests, hausman tests, and lagrange multiplier tests. The classical assumption test consists of normality test, multicollinearity test, and heteroscedasticity test. The hypothesis test consists of partial test (t-test) and coefficient of determination test (R2). The research results show that tax planning and independent commissioners have a negative and significant effect on firm value, while carbon emission disclosure has a negative and insignificant effect on firm value. On the other hand, independent commissioners can moderate the effect of tax planning on firm value, but independent commissioners are unable to moderate the effect of carbon emission disclosure on firm value.
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