Pengaruh Kepemilikan Saham Asing, Leverage, dan Capital Intensity terhadap Tax Avoidance dengan Manajemen Laba sebagai Variabel Intervening (Studi Empiris pada Perusahaan Sektor Manufaktur di BEI Tahun 2020–2024)
DOI:
https://doi.org/10.51903/jupea.v6i3.7115Kata Kunci:
Foreign Share Ownership; Leverage; Capital Intensity; Earnings Management; Tax AvoidanceAbstrak
This study aims to analyze the effect of foreign share ownership, leverage, and capital intensity on tax avoidance with earnings management as an intervening variable in manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The study employs a quantitative approach using secondary data obtained from the companies’ annual financial reports. The sample was determined through purposive sampling techniques based on specific criteria, resulting in 97 companies that met the research requirements. The analytical method applied is panel data regression using the Fixed Effect Model (FEM) approach to examine the relationships among variables both partially and simultaneously. The findings indicate that foreign share ownership, leverage, and capital intensity each have a negative and significant effect on tax avoidance. These results suggest that higher levels of foreign ownership, leverage, and capital intensity tend to reduce the likelihood of companies engaging in tax avoidance practices. Furthermore, the Sobel test results reveal that earnings management is capable of mediating the effect of foreign share ownership on tax avoidance. However, earnings management is not proven to mediate the relationship between leverage and capital intensity on tax avoidance in the manufacturing companies examined in this study.
Referensi
Ahmad, R., & Fitri, E. N. (2025). Pengaruh Manajemen Laba Dan Transfer Pricing Terhadap Tax Avoidance (Studi Empiris Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Sektor Barang Konsumen Primer Periode 2018–2023). Jurnal Ekonomi, Manajemen, Akuntansi, Sosial & Kewirausahaan, 3, 88–100.
Alkurdi, A., & Mardini, G. H. (2020). The impact of ownership structure and the board of directors' composition on Tax Avoidance strategies: empirical evidence from Jordan. Journal of Financial Reporting and Accounting, 18(4), 795–812. https://doi.org/10.1108/JFRA-01-2020-0001
Alianda, I., Andreas, Nasrizal, & L, A. A. (2021). Pengaruh Kepemilikan Asing, Foreign Operation Dan Manajemen Laba Riil Terhadap Tax Avoidance. The Journal of Taxation Tax Center, 2(1), 94–115.
Annisa, N., Sari, R. N., & Ratnawati, V. (2020). Pengaruh kepemilikan saham asing, kualitas informasi internal dan publisitas. Jurnal Akuntansi, 8(2), 147–158.
Aprianti, N., & Tarmidi, D. (2025). The Effect of Financial Performance, Thin Capitalization, and Capital Intensity on Tax Avoidance: A Different Analysis on Foreign Ownership. Research Horizon.
Casta, R. A., & Tanjung, J. (2025). Pengaruh Transfer Pricing, Good Corporate Governance Dan Tax Haven terhadap Tax Avoidance Pada Perusahaan Multinasional. Jurnal Ilmiah MEA, 9(1), 1947–1965.
Gramatika, E., & Nugrahanto, A. (2022). Kepemilikan manajerial dan kepemilikan asing dalam memoderasi pengaruh Tax Avoidance terhadap nilai perusahaan. Jurnal Informasi, Perpajakan, Akuntansi, dan Keuangan Publik, 17(2), 173–194.
Handayani, D., & Heriyanto, R. (2024). Pengaruh Capital Intensity, Manajemen Laba, Sales Growth, Dan Kepemilikan Institusional Terhadap Agresivitas Pajak. Jurnal Ilmiah Ekonomi Manajemen Bisnis dan Akuntansi, 1(3), 161–172.
Hidayahtyasari, N., & Supranata, M. (2025). ANALISIS PENGARUH MANAJEMEN LABA SEBELUM DAN SETELAH IPO TERHADAP RETURN SAHAM DENGAN KECERDASAN INVESTOR SEBAGAI VARIABEL PEMODERASI. Jurnal EKBIS ( Ekonomi & Bisnis ), 13(2), 204–211.
Firmansyah, A. A. M., & Rahman, A. F. (2025). The Effect of Capital Intensity, Inventory Intensity, Multi-nationality, and Leverage on Tax Avoidance Practices. Telaah Ilmiah Akuntansi dan Perpajakan.
Imelda, & Mukhtaruddin. (2025). Efektivitas Global Minimum Tax Dalam Mengurangi Praktik Tax Avoidance Oleh Perusahaan Multinasional: Kajian Systematic Literature Review. Value Jurnal Ilmiah Akuntansi Keuangan dan Bisnis, 6(1).
Indriani, S., & Ramli, A. H. (2024). Earnings Management, Leverage, Good Corporate Governance, And Tax Avoidance. Jurnal Ilmiah Akuntansi Kesatuan, 12(1). https://doi.org/10.37641/jiakes.v11i3.2064
Joenoes, M. Z., & Rokhim, R. (2019). Does foreign board increase the company's performance? the evidence from Indonesia. Journal of Economics, Business, and Accountancy Ventura, 22(2), 213–222.
Khasanah, F., & Indriyani, F. (2021). Pengaruh leverage, likuiditas, dan capital intensity terhadap Tax Avoidance dengan komite audit sebagai variabel moderating. Journal of Accounting and Digital Finance, 1(2), 125–137.
Kovermann, J., & Wendt, M. (2019). Tax Avoidance in family firms: Evidence from large private firms. Journal of Contemporary Accounting & Economics, 15(2), 145–157.
Kusumadewi, Y., & Edastami, M. (2022). Pengaruh kepemilikan institusional, kepemilikan publik dan profitabilitas terhadap Tax Avoidance dengan manajemen laba sebagai variabel intervening. Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan, 4(9), 3764–3772.
Lee, R., & Kao, H. (2018). The Impacts of IFRSs and Auditor on Tax Avoidance. Advances in Management & Applied Economics, 8(6), 17–53.
Mappadang, A. (2021). Corporate Governance and Corporate Tax Avoidance: an Interactive Effects (Evidence from Indonesia Capital Market). Jurnal Keuangan dan Perbankan, 25(1), 81–92.
Masairoh, S., & Setiawan, D. (2021). Kepemilikan Saham Asing, Dewan Komisaris Asing Dan Direksi Asing Terhadap Tax Avoidance Di Indonesia. Jurnal Akuntansi dan Bisnis, 21(1), 29–42.
Mulyani, S., Theorupun, M. S., & Pratiwi, Y. N. D. (2021). Pengaruh profitabilitas, size, leverage dan capital intensity ratio terhadap tax avoidance pada perusahaan sektor property dan real estate yang terdaftar di Bursa Efek Indonesia (BEI) periode 2015–2019. EKOBIS: Jurnal Ilmu Manajemen dan Akuntansi, 9(2), 137–146.
Nailufaroh, L., Suprihatin, N. S., & Mahardini, N. Y. (2022). The Impact of Leverage, Managerial Ownership, and Capital Intensity on Tax Avoidance. Jurnal Keuangan dan Perbankan (KEBAN), 1(2), 35–46.
Patmalasari, & Diyanti, F. (2025). Pengaruh Manajemen Laba, Capital Intensity, Inventory Intensity, dan Kepemilikan Manajerial terhadap Tax Avoidance. Jurnal Neraca: Jurnal Pendidikan dan Ilmu Ekonomi Akuntansi, 9(1), 1–11.
Pohan, C. A. (2016). Manajemen Perpajakan Strategi Perpajakan dan Bisnis Edisi Revisi. PT Gramedia Pustaka Utama.
Prabowo, A. A., & Sahlan, R. N. (2021). Pengaruh Profitabilitas, Leverage, Dan Capital Intensity Terhadap Tax Avoidance Dengan Ukuran Perusahaan Sebagai Variabel Moderating. Media Akuntansi Perpajakan, 6(2), 55–74.
Puspitasari, D., Radita, F., & Firmansyah, A. (2021). Tax Avoidance Di Indonesia: Profitabilitas, Leverage, Capital Intensity. Riset Akuntansi Tirtayasa, 6(2), 138–152.
Rahma Maulida Wanda, & Azahra. (2022). The effect of CSR disclosure on Tax Avoidance through earnings management: Indonesian evidence. Journal of Contemporary Accounting, 4(3), 179–192.
Rifai, A., & Atiningsih, S. (2019). Pengaruh leverage, profitabilitas, capital intensity, manajemen laba terhadap Tax Avoidance. Econbank: Journal of Economics and Banking, 1(2).
Rini, T. S., & Januarti, I. (2025). Pengaruh Kinerja Keuangan terhadap Tax Avoidance dengan Earning management sebagai Intervening. Owner: Riset & Jurnal Akuntansi, 9(April), 655–665.
Rumbi, Y. B., Pontoh, G. T., et al. (2025). Determinasi Tax Avoidance dengan moderasi koneksi politik pada perusahaan manufaktur. Jurnal Bisnis dan Akuntansi Kontemporer, 18(2024), 187–206.
Sandra, A., Prasetyo, A. H., Arfianti, R. I., Triyani, Y., & Nathanael, R. (2022). Pengaruh karakteristik perusahaan terhadap Tax Avoidance. Judicious Journal of Management, 221–231.
Saputra, W. S., Angela, C., & Agustin, C. (2020). Pengaruh Pajak, Exchange Rate Dan Kepemilikan Asing Terhadap Transfer Pricing. Jurnal Manajemen Strategi dan Aplikasi Bisnis, 3(2), 109–116.
Shi, A. A., Concepcion, F. R., et al. (2020). An Analysis of the Effects of Foreign Ownership on the Level of Tax Avoidance Across Philippine Publicly Listed Firms. DLSU Business & Economics Review, 30(1), 1–14.
Siagian, R., & Pardede, T. E. N. (2026). Implications of Transfer Pricing on Taxpayer Compliance and Corporate Tax Avoidance. Golden Ratio of Data in Summary, 6(2), 388–394.
Sulaiman, N., & Yusuf, H. (2024). Strategi Penanggulangan Tindak Pidana Perpajakan Di Indonesia: Studi Tentang Penghindaran Dan Penggelapan Pajak. Jurnal Intelek Insan Cendikia, November, 5124–5139.
Supriadi, A. (2025). Mampukah Financial Performance Memoderasi Deferred Tax dan Ukuran Perusahaan terhadap Tax Avoidance. Scientific Journal of Reflection, 8(2), 650–661.
Suranta, E., Midiastuty, P. P., & Hasibuan, H. R. (2020). The Effect of Foreign Ownership and Foreign Board Commissioners on Tax Avoidance. Journal of Economics, Business, and Accountancy Ventura, 22(3), 309–318.
Trisnawati, E., & Gunawan, J. (2019). Governance Disclosures, Senior Management and their Influences on Tax Avoidance. International Journal of Innovation, 9(3), 85–104.
Trisanti, T. (2021). Determination Causes of Tax Avoidance on Indonesian Manufacturing Firms with Capital Intensity as Intervening Variables. WAHANA: Jurnal Ekonomi, Manajemen dan Akuntansi, 24(1).
Wang, F., Xu, S., Sun, J., & Cullinan, C. P. (2020). Corporate Tax Avoidance: A Literature Review And Research Agenda. Journal of Economic Surveys, 1–19.
Wardoyo, D. U., Rahmadani, R., & Hanggoro, P. T. (2022). Good Corporate Governance Dalam Perspektif Teori Keagenan. Jurnal Ekonomi, Manajemen, Akuntansi, 1(1), 39–43.
Yudanto, L. A., & Damayanti, T. W. (2022). Political Connection, Foreign Ownership, and Tax Avoidance: Does Executive Gender Moderate the Relationship? Journal of Economics, Business, & Accountancy Ventura, 24(3), 408–419.
Unduhan
Diterbitkan
Cara Mengutip
Terbitan
Bagian
Lisensi
Hak Cipta (c) 2026 Jurnal Publikasi Ekonomi dan Akuntansi
Artikel ini berlisensiCreative Commons Attribution-ShareAlike 4.0 International License.
