The Effect of Profitability, Retention Policy, and Tax Planning, on Firm Value with Financing Policy as A Moderating Variable

Mediaty; Muhammad Afdhal Usman; Abdul Hamid Habbe

doi:10.55927/fjmr.v2i12.7267

Authors

Mediaty Hasanuddin University
Muhammad Afdhal Usman Medium Tax Office of Makassar
Abdul Hamid Habbe Hasanuddin University

DOI:

https://doi.org/10.55927/fjmr.v2i12.7267

Keywords:

Profitability, Retention Policy, Tax Planning, Financing Policy, Firm Value

Abstract

This research aims to explain and examine the effect of profitability, retention policy, and tax planning on firm value with financing policy serving as a moderating variable. The study's population and sample comprise companies categorized under LQ45 on the Indonesia Stock Exchange, during the timeframe spanning from 2015 to 2022. The research employs purpose sampling for sample selection and will utilize the methods of Moderated Regression Analysis. This research reveal that profitability and retention policy exert a positive and substantial influence, whereas tax planning does not affect the firm’s value significantly. Additionally, the financing policy does not moderate or weaken the influence of profitability, retention policy, and tax planning on firm value.

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Author Biography

Muhammad Afdhal Usman, Medium Tax Office of Makassar

Faculty of Economics and Business, Hasanuddin University, Indonesia

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