The effect of tax avoidance and political connection on firm value: Institutional ownership as moderating variable

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dc.authorid0000-0001-7526-9192
dc.authorid0000-0001-6956-4021
dc.authorid0009-0009-4925-1613
dc.contributor.authorHandayani, Yenny Dwi
dc.contributor.authorIbrani, Ewing Yuvisa
dc.contributor.authorYoshida, Debbie
dc.date.accessioned2025-07-25T09:08:22Z
dc.date.available2025-07-25T09:08:22Z
dc.date.issued2025
dc.departmentİstanbul Ticaret Üniversitesi
dc.departmentİstanbul Ticaret Üniversitesi
dc.departmentİstanbul Ticaret Üniversitesi
dc.description.abstractThis research examined the effect of tax avoidance and political connection on firm value with institutional ownership as a moderating variable. It was motivated by many firms that have taken tax avoidance actions in the last period. Tax avoidance activities can reduce firm value from the public perspective. Furthermore, when a business commits a tax offense, it is considered to have violated the law. Tax avoidance activities are conducted to fulfill the interests of firm management instead of the shareholders, which may result in agency conflict. This conflict can be minimized by implementing corporate governance with institutional ownership mechanisms. The existence of institutional ownership can effectively oversee the management. Institutions can also evaluate management performance, reducing tax avoidance activities and controlling political connection between firms and the government. Therefore, firm value cannot be reduced in the long term from the public perspective.This research used secondary data from Manufacturing Firm Financial Reports during 2017- 2019. Statistical analysis and hypothesis testing were performed using Smart-PLS software. The results showed that tax avoidance and political connection do not affect firm value. Furthermore, institutional ownership cannot moderate the relationship between tax avoidance and firm value. This research considered institutional ownership as part of corporate governance that can moderate the relationship between tax avoidance, political connection to firm value, and the relationship between tax avoidance and firm value. Meanwhile, institutional ownership could moderate the relationship between political connection to firm value.
dc.identifier.citationHandayani, Y. D., & Ibrani, E. Y., & Yoshida, D. (2025). The Effect of Tax Avoidance and Political Connection on Firm Value: Institutional Ownership as Moderating Variable. International Journal of Commerce & Finance, 11(1), 45-61.
dc.identifier.endpage61
dc.identifier.issn2149-9608
dc.identifier.issue1
dc.identifier.startpage45
dc.identifier.urihttps://hdl.handle.net/11467/9562
dc.identifier.volume11
dc.language.isoen
dc.publisherİstanbul Ticaret Üniversitesi
dc.relation.ispartofInternational Journal of Commerce & Finance
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Başka Kurum Yazarı
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Başka Kurum Yazarı
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Başka Kurum Yazarı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectTax Avoidance
dc.subjectPolitical Connection
dc.subjectFirm Value
dc.subjectInstitutional Ownership
dc.titleThe effect of tax avoidance and political connection on firm value: Institutional ownership as moderating variable
dc.typeArticle

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