外文文献纳税筹划与公司价值.pdfVIP

International Journal of Economics and Financial Issues ISSN: 2146-4138 available at http: International Journal of Economics and Financial Issues, 2015, 5(Special Issue) 315-323. 2nd AFAP INTERNATIONAL CONFERENCE ON ENTREPRENEURSHIP AND BUSINESS MANAGEMENT (AICEBM 2015), 10-11 January 2015, Universiti Teknologi Malaysia, Kuala Lumpur, Malaysia. The Effect of the Tax Planning to Firm Value with Moderating Board Diversity 1 2 Nanik Lestari *, Ratna Wardhani 1Department of Business Management - Accounting, Batam State Polytechnic, Parkway Street Batam Center, Batam, Indonesia, 2Department of Accounting, Faculty of Economics and Business, University of Indonesia, Kampus Widjojo Nitisastro, Depok, Indonesia. *Email: nanik@polibatam.ac.id ABSTRACT The purpose of this research is to analyze the impact activities tax planning (TP) to firm value with board diversity as moderating variable. The research was conducted for non-banking and financial firms in Indonesia stock exchange for 2010-2011. The results of this study are: Firstly, we found evidence of positive relationship between TP and firm value. Secondly, we found evidence that board diversity (AGE and BSTUDY of member director) could increase the positive influence of TP into firm value, except for MINORITY could decrease the positive influence of TP into firm value. Finally, the results of the sensitivity test with the full model and the full sample suggested that TP had robust positive effect in increasing firm value, then the moderating influence of board diversity (BSTUDY and MINORITY) on the relationship between TP and firm value was consistent