THE MODERATION ROLE OF TAX PLANNING ON THE EFFECT OF DIVIDEND POLICY AND ENVIRONMENTAL COST ON FIRM VALUE

Abstract

Abstract – The purpose of this study is to examine the moderating role of tax planning on influence dividend policy and environmental costs on firm value. The research used a quantitative approach with a moderated regression model. The population is mining companies listed on the Indonesia Stock Exchange (IDX) in 2017-2022. Authors used purposive sampling method, in order to obtain 58 mining company annual financial report data. Moderated Regression Analysis to analyze data. The results of this study are dividend policy has no effect on firm value, environmental costs have an effect on firm value, tax planning cannot moderate the effect of dividend policy and environmental costs on firm value, tax planning is proven to be an independent variable that can affect the firm value. The urgency of research is that mining companies are a sector that has a major impact on the environment, so it is necessary to budget for environmental improvement. Thus, it is important to examine the impact of environmental costs on company value, especially the mining sector. References regarding the influence between variables and moderating role of tax planning like this study are still limited, so it is hoped that these results will serve as a preliminary reference.

 Keywords:  Dividend Policy, Environmental Costs, Firm Value, Tax Planning