The Impact of Profitability and Liquidity on Firm Value with Tax Avoidance as Intervening Variable of F&B Company
|
Keywords:
Profitability, Liquidity, Firm Value, Tax Avoidance, F&B Company
AbstractThis study aimed to analyze the effect of profitability and liquidity on firm value through tax avoidance as intervening variables. This research was conducted on the food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange period 2018-2020. The total research data are 48 samples. Path analysis was used as an analytical technique with the SPSS version 25 software. The first structure of this research shows that both profitability and liquidity do not have a significant effect on tax avoidance, and the second structure shows that profitability has a significant effect on Firm Value. In contrast, liquidity has no significant effect on Firm Value. Tax avoidance has a significant effect on Firm Value. The direct effect of profitability on firm value is known to be 0.646, while the indirect effect is -0,071, which shows the direct is greater; therefore, indirectly, Tax Avoidance does not have a dominant effect on the firm value. The direct effect of liquidity on firm value is known to be -0.179, whereas the indirect effect of -0,049 is shown indirectly through Tax Avoidance has a dominant effect on the firm value. Downloads
Download data is not yet available.
ReferencesEndri, E., Sari, A. K., Budiasih, Y., Yuliantini, T., & Kasmir, K. (2020). Determinants of Profit Growth in Food and Beverage Companies in Indonesia. Journal of Asian Finance, Economics and Business, 7(12), 739–748. DOI: https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.739 . Nirino, N., Miglietta, N., & Salvi, A. (2020). The impact of corporate social responsibility on firms’ financial performance, evidence from the food and beverage industry. British Food Journal, 122(1), 1–13. DOI: https://doi.org/10.1108/BFJ-07-2019-0503 . Koo, W. (2022). The Effect of the Management Performance on Earning Quality in F&B Companies. Journal of Tourism and Leisure Research, 34(1), 373–387. DOI: https://doi.org/10.31336/jtlr.2022.1.34.1.373 . Lubis, M., Lubis, A. R., Pratiwi, S. H., & Yuherisna, D. P. (2021). Customer satisfaction assessment coffee roaster restaurant using SERVQUAL: Utilization of customer relationship management (CRM) application. In ACM International Conference Proceeding Series (pp. 85–92). Association for Computing Machinery. DOI: https://doi.org/10.1145/3456146.3456160 . Tepic, M., Fortuin, F., Kemp, R. G. M., & Omta, O. (2014). Innovation capabilities in food and beverages and technology -based innovation projects. British Food Journal, 116(2), 228–250. DOI: https://doi.org/10.1108/BFJ-09-2011-0243 . Fawzi, A. M., & Sunarti, S. (2021). Factors Affecting the Performance of F&B Industry in Malaysia and Indonesia. Jurnal Economia, 17(1), 65–80. DOI: https://doi.org/10.21831/economia.v17i1.36010 . Salim, H. K., Padfield, R., Lee, C. T., Syayuti, K., Papargyropoulou, E., & Tham, M. H. (2018). An investigation of the drivers, barriers, and incentives for environmental management systems in the Malaysian food and beverage industry. Clean Technologies and Environmental Policy, 20(3), 529–538. DOI: https://doi.org/10.1007/s10098-017-1436-8 . Bruce Ho, C.-T., Denis Yang, J.-M., & Victor Hung, C.-S. (2015). The Factors of Information System Success: An Example of Customer Relationship Management Implementation in Food & Beverage Industry. International Journal of E-Education, e-Business, e-Management and e-Learning, 5(3), 114–128. DOI: https://doi.org/10.17706/ijeeee.2015.5.3.114-128 . Alam, N., Aida, N., & Mukhtar, A. (2021). Effect of Financial Performance on Stock-Prices in Food and Beverages Firm. Golden Ratio of Finance Management, 1(2), 61–74. DOI: https://doi.org/10.52970/grfm.v1i2.63 . Sabrina*, S., & Thersia, L. (2019). The Factors Affecting Online Voluntary Disclosure in Indonesian F&B Companies. International Journal of Recent Technology and Engineering (IJRTE), 8(4), 10681–10685. DOI: https://doi.org/10.35940/ijrte.d4285.118419 . Bogers, M., Chesbrough, H., & Strand, R. (2020). Sustainable open innovation to address a grand challenge : Lessons from Carlsberg and the Green Fiber Bottle. British Food Journal, 122(5), 1505–1517. DOI: https://doi.org/10.1108/BFJ-07-2019-0534 . Miglietta, N., Battisti, E., & Campanella, F. (2017). Value maximization and open innovation in food and beverage industry: evidence from US market. British Food Journal, 119(11), 2477–2492. DOI: https://doi.org/10.1108/BFJ-04-2017-0213 . Salim, H. K., Padfield, R., Yuzir, A., Mohamad, S. E., Kaida, N., Papargyropoulou, E., & Nakamura, S. (2018). Evaluating the organizational intention to implement an Environmental Management System: evidence from the Indonesian food and beverage industry. Business Strategy and the Environment, 27(8), 1385–1398. DOI: https://doi.org/10.1002/bse.2188 . Moschidis, O., Chatzipetrou, E., & Tsiotras, G. (2018). Quality costing and quality management maturity in Greece: An exploratory multi-dimensional data analysis. International Journal of Productivity and Performance Management, 67(1), 171–191. DOI: https://doi.org/10.1108/IJPPM-08-2016-0152 . Ozturkoglu, Y., Sari, F. O., & Saygili, E. (2021). A new holistic conceptual framework for sustainability oriented hospitality innovation with triple bottom line perspective. Journal of Hospitality and Tourism Technology, 12(1), 39–57. DOI: https://doi.org/10.1108/JHTT-02-2019-0022 . Salim, H. K., & Padfield, R. (2017). Environmental management system in the food & beverage sector: A case study from Malaysia. Chemical Engineering Transactions, 56, 253–258. DOI: https://doi.org/10.3303/CET1756043 . Martini, E., Ramli, M. A., Gustyana, T. T., & Nugraha, N. (2021). Impact of Activity Ratio, Profitability, Liquidity, and Asset Structure on Capital Structure in Food and Beverages Companies Listed On Indonesia Stock Exchange Period 2015-2019. Jurnal Manajemen Indonesia, 21(2), 112. DOI: https://doi.org/10.25124/jmi.v21i2.3514 . Fiandrino, S., Busso, D., & Vrontis, D. (2019). Sustainable responsible conduct beyond the boundaries of compliance: Lessons from Italian listed food and beverage companies. British Food Journal, 121(5), 1035–1049. DOI: https://doi.org/10.1108/BFJ-03-2019-0182 . Frederick, H., & Elting, J. (2013). Determinants of green supply chain implementation in the food and beverage sector. International Journal of Business Innovation and Research, 7(2), 164–184. DOI: https://doi.org/10.1504/IJBIR.2013.052577 . Enzing, C. M., Batterink, M. H., Janszen, F. H. a., & Omta, S. W. F. (2011). Where innovation processes make a difference in products’ short- and long-term market success. British Food Journal, 113(7), 812–837. DOI: https://doi.org/10.1108/00070701111148379 . |
Published
2023-03-31
Section
Articles
How to Cite
Kacaribu, A. A., & Winata, J. (2023). The Impact of Profitability and Liquidity on Firm Value with Tax Avoidance as Intervening Variable of F&B Company. Jurnal Informatika Ekonomi Bisnis, 5(1), 91-96. https://doi.org/10.37034/infeb.v5i1.202
![]() This work is licensed under a Creative Commons Attribution 4.0 International License. |


















