The effect of tax avoidance, leverage and profitability on cost of debt in manufacturing companies listed on the Indonesia Stock Exchange

Louis, Louis (2022) The effect of tax avoidance, leverage and profitability on cost of debt in manufacturing companies listed on the Indonesia Stock Exchange. Bachelor thesis, Universitas Pelita Harapan.

Preview	Text (Title) Title.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (34kB) | Preview
	Text (Abstract) Abstract.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (191kB)
	Text (ToC) ToC.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (701kB)
	Text (Chapter1) Chapter1.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (983kB)
	Text (Chapter2) Chapter2.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (2MB)
	Text (Chapter3) Chapter3.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (1MB)
	Text (Chapter4) Chapter4.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (2MB)
	Text (Chapter5) Chapter5.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (342kB)
	Text (Bibliography) Bibliography.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (435kB)
	Text (Appendices) Appendices.pdf Restricted to Repository staff only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (5MB)

Abstract

For a company's operational activities to run smoothly, it requires funds to finance the company's activities as working capital, one of the ways is through debt financing. This financing option would result in interest payment, hence resulting in the cost of debt. This research aims to study the effect of tax avoidance, leverage, and profitability on cost of debt in manufacturing companies listed on Indonesia Stock Exchange (IDX). This study is a quantitative descriptive study that applies the purposive sampling method, with 78 manufacturing companies listed on the IDX from 2017 to 2019 were chosen as the sample of this study. To analyse the data obtained, this study used a multiple linear regression model. This study found that tax avoidance has no effect on the cost of debt in manufacturing companies listed on the IDX. Meanwhile, leverage and profitability both have positive significant partial effect on the cost of debt in manufacturing companies listed on the IDX. Furthermore, tax avoidance, leverage, and profitability have significant simultaneous effect on cost of debt in manufacturing companies listed on IDX. Collectively, these variables have 19.1% effect on cost of debt, while the remaining 80.9% effect is caused by factors that are not addressed in this study, such as good corporate governance, inflation, sales growth, and payback period./ Agar kegiatan operasional perusahaan dapat berjalan dengan lancar maka diperlukan dana untuk membiayai kegiatan perusahaan sebagai modal kerja, salah satunya melalui pembiayaan uutang. Opsi pembiayaan ini akan menghasilkan pembayaran bunga, sehingga mengakibatkan biaya utang. Penelitian ini bertujuan untuk mempelajari pengaruh penghindaran pajak, rasio utang, dan profitabilitas terhadap biaya utang pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI). Penelitian ini merupakan penelitian deskriptif kuantitatif dengan menggunakan metode purposive sampling, dengan 78 perusahaan manufaktur yang terdaftar di BEI dari tahun 2017 hingga 2019 dipilih sebagai sampel penelitian ini. Untuk menganalisis data yang diperoleh, penelitian ini menggunakan model regresi linier berganda. Penelitian ini menemukan bahwa penghindaran pajak tidak berpengaruh terhadap biaya utang pada perusahaan manufaktur yang terdaftar di BEI. Sedangkan rasio utang dan profitabilitas keduanya berpengaruh positif signifikan secara parsial terhadap biaya utang pada perusahaan manufaktur yang terdaftar di BEI. Selanjutnya penghindaran pajak, rasio utang, dan profitabilitas berpengaruh signifikan secara simultan terhadap biaya utang pada perusahaan manufaktur yang terdaftar di BEI. Secara kolektif variabel-variabel tersebut berpengaruh 19,1% terhadap biaya utang, sedangkan sisanya sebesar 80,9% disebabkan oleh faktor-faktor yang tidak dibahas dalam penelitian ini, seperti tata kelola perusahaan yang baik, inflasi, pertumbuhan penjualan, dan periode pengembalian.

Actions (login required)

View Item