CORPORATE GROWTH AND ENVIRONMENTAL PERFORMANCE ON COMPANY VALUE: THE MODERATION ROLE OF TAX PLANNING ON INFLUENCE

Abstract

Abstract – Firm value is important for investors because it provides an overview of the condition of the company's stock market and the basis for investing capital to obtain profits. The study’s goal was to determine the moderating role of tax planning on the effect of company growth and environmental performance on firm value. This research uses a quantitative approach with a moderated regression model. The purposive sampling technique to obtain 53 data on the annual financial statements of mining companies listed on the Indonesia Stock Exchange during six years. Moderate Regression Analysis to analyze the data. The results explain that firm growth does no effect on firm value, environmental performance has a significant effect on firm value, tax planning doesn’t moderate the effect of company growth on firm value, while tax planning significantly moderates the effect of environmental performance on firm value. Moderation type is quasi moderation. The research urgency that mining companies are synonymous with natural exploitation, the company pays taxes as liability for damages compensation. The company will respond it by tax planning. Research about the effect of environmental performance on firm value moderated by tax planning is limited, so the results of this study will enrich existing references.

Keywords: Firm Growth, Environmental Performance, Firm Value, Tax Planning, Mining Companies