Fida Wahyu Septian, . (2025) NILAI PERUSAHAAN MANUFAKTUR: PENGUJIAN EMPIRIS ATAS PERAN CAPITAL INTENSITY, CAPITAL STRUCTURE, DAN TAX AVOIDANCE DI BEI. Skripsi thesis, Universitas Pembangunan Nasional Veteran Jakarta.
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Abstract
This quantitative research aims to examine the effect of capital intensity, capital structure, and tax avoidance on firm value in manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. A total of 332 panel observations were analyzed using the Fixed Effect Model (FEM), selected based on the Chow test, Lagrange Multiplier test, and Hausman test. Robust-clustered standard errors at the firm level were applied to address heteroskedasticity and autocorrelation. The empirical results show that capital intensity has a negative but statistically insignificant effect on firm value, indicating that a higher proportion of fixed asset investment does not necessarily enhance market valuation. Capital structure also exhibits a negative coefficient and is marginally significant at the 10% level, although not significant at the 5% level, suggesting that higher leverage may increase financial risk perceived by the market. Tax avoidance, measured using CETR, also shows a negative and insignificant effect, implying that cash tax payments are not a key determinant of firm value. Overall, the model explains only a small portion of within-firm variation, suggesting that other factors outside this study may play a stronger role in influencing firm value.
| Item Type: | Thesis (Skripsi) |
|---|---|
| Additional Information: | [No.Panggil: 2210112119] [Pembimbing: Praptiningsih] [Penguji 1: Suparna Wijaya] [Penguji 2: Yongky Rangga Yuda Nugraha] |
| Uncontrolled Keywords: | capital intensity, capital structure, tax avoidance, firm value, manufacturing companies. |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Fakultas Ekonomi dan Bisnis > Program Studi Akuntansi (S1) |
| Depositing User: | FIDA WAHYU SEPTIAN |
| Date Deposited: | 17 Mar 2026 02:44 |
| Last Modified: | 17 Mar 2026 02:44 |
| URI: | http://repository.upnvj.ac.id/id/eprint/41572 |
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