Pengaruh Tingkat Hutang, Intensitas Aset Tetap dan Ukuran Perusahaan terhadap Manajemen Pajak (Studi Empiris pada Perusahaan Pertambangan di BEI Periode 2019-2023)
DOI:
https://doi.org/10.37481/sjr.v8i4.1234Keywords:
Tax Management, Debt Level, Fixed Asset Intensity, Firm Size, Mining SectorAbstract
The mining sector significantly contributes to Indonesia’s tax revenue but remains highly volatile due to global commodity price fluctuations and fiscal policy changes. This study addresses the inconsistency in prior research findings regarding the effect of financial factors on tax management, particularly in capital intensive industries. The objective is to examine whether debt level, fixed asset intensity, and firm size influence tax management among 17 mining companies listed on the Indonesia Stock Exchange during 2019-2023. A quantitative approach with panel data regression was employed, using the common effect model selected through Chow, Hausman, and Lagrange Multiplier tests. Tax management was proxied by the effective tax rate (ETR), while independent variables were measured by debt-to-equity ratio, capital intensity, and firm size (natural log of total assets). The findings indicate that, simultaneously, the three variables significantly affect tax management, explaining 89.9% of its variation. However, none of the variables show a significant partial effect. These results suggest that tax strategies in the mining sector are shaped more by the interaction of multiple financial factors rather than by single determinants. The study contributes to the literature by highlighting the importance of an integrated approach to tax management in industries exposed to market volatility.
References
Chen, S., Chen, X., Cheng, Q., & Shevlin, T. (2020). The long-term effect of corporate tax avoidance on firm value. The Accounting Review, 95(5), 83–116.
Hana, S., Zirman, Z., & Devi, R. (2021). Pengaruh leverage, likuiditas dan profitabilitas terhadap manajemen pajak. Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis, 9(1), 44–53.
Hanlon, M., & Heitzman, S. (2019). A review of tax research. Journal of Accounting and Economics, 67(2–3), 101–134.
Hsiao, C. (2020). Analysis of panel data (4th ed.). Cambridge University Press.
Imam, M. A., & Rika, A. (2022). Tax avoidance dan tax evasion: Perbedaan prinsipil dan dampaknya terhadap kepatuhan pajak. Jurnal Pajak dan Keuangan Negara, 3(2), 88–97.
Indriastuti, M., & Khoiriyah, A. (2021). Pengaruh leverage, ukuran perusahaan, dan capital intensity terhadap tax avoidance. Jurnal Akuntansi Indonesia, 10(2), 77–89.
Jensen, M. C., & Meckling, W. H. (2019). Theory of the firm: Managerial behavior, agency costs, and ownership structure revisited. Journal of Corporate Finance, 57, 267–289.
Kurniawan, H., & Sari, R. (2021). Ukuran perusahaan, tata kelola, dan kepatuhan perpajakan perusahaan publik. Jurnal Akuntansi dan Keuangan, 23(2), 101–112.
Lan, Y., & Hermawan, A. (2021). Agency problems and tax avoidance: Evidence from Indonesian listed firms. Jurnal Akuntansi Multiparadigma, 12(2), 345–357.
Lestari, A. M., Putri, A. Y., & Santosa, P. W. (2023). Efektivitas manajemen pajak pada sektor pertambangan di Indonesia. Jurnal Akuntansi dan Kebijakan Publik, 12(1), 55–66.
Mutia, D., & Hasymi, R. (2020). Pengaruh leverage dan profitabilitas terhadap manajemen pajak. Jurnal Ilmu dan Riset Akuntansi, 9(10), 1–20.
Novitasari, D., & Pratama, A. (2022). Ukuran perusahaan, profitabilitas, dan tax planning pada perusahaan pertambangan. Jurnal Riset Akuntansi Multiparadigma, 13(1), 55–67.
Nugroho, P. (2022). Agency theory perspective on tax management in Indonesian companies. Jurnal Riset Akuntansi dan Perpajakan, 9(1), 15–28.
Prasetyo, D., & Kurniawan, B. (2022). Asset intensity and corporate tax management: Evidence from manufacturing sector in Indonesia. Jurnal Keuangan dan Akuntansi, 14(2), 101–112.
Purnamasari, Y., & Santoso, A. (2021). Leverage dan penghindaran pajak: Analisis perusahaan publik Indonesia. Jurnal Keuangan dan Perbankan, 25(3), 421–432.
Rahman, A., & Wicaksono, G. (2021). Firm size, profitability, and tax avoidance: Empirical study on listed companies. Jurnal Akuntansi dan Bisnis, 21(1), 45–57.
Sari, M., & Utami, L. (2020). Fixed asset intensity and its role in effective tax planning. Jurnal Ilmu Akuntansi, 18(2), 89–100.
Satriyo, A., Khasanah, N., & Ningrum, D. (2024). Dampak lonjakan harga komoditas terhadap kinerja dan kontribusi pajak sektor energi di Indonesia. Jurnal Ekonomi dan Pembangunan Indonesia, 24(1), 33–48.
Simamora, H., & Lestari, P. (2021). Ukuran perusahaan dan pengaruhnya terhadap kepatuhan pajak: Studi pada perusahaan publik. Jurnal Keuangan dan Perpajakan Indonesia, 5(1), 27–35.
Siregar, H., & Lubis, R. (2019). Capital intensity dan strategi pengelolaan pajak pada perusahaan manufaktur. Jurnal Ekonomi dan Akuntansi, 24(2), 131–142.
Suparmin, S., & Satiman, A. (2022). Analisis pengaruh ukuran perusahaan terhadap manajemen pajak. Jurnal Ilmiah Manajemen Fiskal, 4(2), 100–110.
Widodo, S., & Kartika, A. (2022). Company size and tax management: Does public monitoring matter? Jurnal Akuntansi dan Keuangan Indonesia, 19(1), 67–82.
Wijayanti, D., & Dewi, N. (2020). Leverage, capital structure and corporate tax planning. Jurnal Ekonomi, Manajemen, dan Akuntansi, 27(3), 210–223.
Wooldridge, J. M. (2020). Introductory econometrics: A modern approach (7th ed.). Cengage Learning.
Yudawirawan, M. (2024). Intensitas aset tetap dan efektivitas tax planning pada perusahaan publik Indonesia. Jurnal Pajak dan Strategi Keuangan, 6(1), 70–82.
Yustisia, N., & Rahayu, D. (2021). Determinants of effective tax rate in Indonesian listed firms. Jurnal Akuntansi dan Keuangan, 23(1), 65–77.
