Do tax disputes affect firm value?

Q1 Decision Sciences Uncertain Supply Chain Management Pub Date : 2023-01-01 DOI:10.5267/j.uscm.2023.5.003

Naniek Noviari, Gusti Bagus Wiksuana, Luh Gede, Sri Artini, Putu Sudana

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Abstract

This study examines the effect of tax disputes on firm value with industry profiles as a moderator. The population of this study is non-financial companies that are listed on the Indonesia Stock Exchange and disclosed tax disputes during the 2014-2019 period. The purposive sampling technique was applied, and 292 observations were obtained. A mixed-method approach is used in this study. First, a panel data regression analysis was performed using a tool called EViews 12. Second, to deepen the empirical nature of this research, and with the results of the panel data regression analysis having already been obtained, tax consultants who have legal power of attorney at the tax court were invited to a focus group discussion (FGD) that was held in Bali. The results of this study find that tax disputes have a negative effect on firm value. This study also demonstrates that an industry having a high profile weakens the negative effect of tax disputes on firm value. The research findings provide an understanding of tax disputes, firm values, and industry profiles within the framework of signaling theory and legitimacy theory. The limitation of this research is that it does not discuss typical tax dispute cases (whether material disputes or judicial disputes) due to data limitations.

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税收纠纷会影响企业价值吗?

本研究以行业概况为调节因子，探讨税务纠纷对企业价值的影响。本研究的对象是2014-2019年期间在印度尼西亚证券交易所上市并披露税务纠纷的非金融公司。采用目的抽样技术，共获得292个观察值。本研究采用混合方法。首先，使用EViews 12工具进行面板数据回归分析。其次，为了深化本研究的实证性质，并在已经获得面板数据回归分析结果的情况下，邀请在税务法院拥有法定委托书的税务顾问参加在巴厘岛举行的焦点小组讨论(FGD)。本研究结果发现，税务纠纷对企业价值有负向影响。研究还表明，行业知名度越高，税收纠纷对企业价值的负面影响越弱。研究结果在信号理论和合法性理论的框架内提供了对税收纠纷、企业价值和行业概况的理解。本研究的局限性在于，由于数据的限制，没有讨论典型的税务纠纷案例(无论是物质纠纷还是司法纠纷)。

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来源期刊

Uncertain Supply Chain Management Decision Sciences-Statistics, Probability and Uncertainty

CiteScore

5.60

自引率

0.00%

发文量

112

期刊介绍： Supply chain management (SCM) plays an essential role in managing the movement of raw materials into an organization, certain issues of the internal processing of materials into finished goods, and the movement of finished products out of the organization for end-consumer delivery. The goal of SCM is to improve trust and collaboration among supply chain partners and to improve inventory visibility. However, many SCM problems deal with uncertain events such as uncertainty in demand, supply, quality, price, etc. This forum is dedicated to all scholars who wish to share their ideas about uncertainty in SCM problems. Uncertain supply chain management is a quarterly publication dedicated to all scientists in all over the world who wish to share their experiences and knowledge in this field. Our policy is to perform a peer review on all submitted articles and publishes original and high quality articles.