Peran Moderasi Kualitas Audit pada Tax Avoidance dan Biaya Hutang
DOI:
https://doi.org/10.38035/jafm.v7i4.3606Keywords:
Tax Avoidance, Biaya Hutang, Kualitas Audit, Moderated Regression AnalysisAbstract
Penelitian ini menganalisis pengaruh penghindaran pajak terhadap biaya hutang serta menguji peran kualitas audit sebagai variabel moderasi. Latar belakang penelitian ini didasarkan pada adanya perbedaan pandangan mengenai dampak penghindaran pajak terhadap persepsi risiko kreditur, di mana praktik tersebut dapat memberikan efisiensi pajak tetapi juga berpotensi meningkatkan risiko perusahaan. Tujuan penelitian ini adalah untuk menguji pengaruh penghindaran pajak terhadap biaya hutang serta mengetahui apakah kualitas audit dapat memperkuat atau memperlemah hubungan tersebut. Penelitian ini menggunakan pendekatan kuantitatif dengan metode regresi data panel pada perusahaan manufaktur subsektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia. Hasil penelitian menunjukkan bahwa penghindaran pajak berpengaruh signifikan terhadap biaya hutang dengan arah negatif, yang berarti semakin tinggi penghindaran pajak maka semakin rendah biaya hutang. Selain itu, kualitas audit terbukti mampu memoderasi hubungan tersebut dengan memperlemah pengaruh penghindaran pajak terhadap biaya hutang. Dengan demikian penghindaran pajak lebih dipandang sebagai bentuk efisiensi perusahaan selama masih berada dalam batas regulasi, serta keputusan kreditur dalam menetapkan biaya hutang tidak hanya bergantung pada praktik perpajakan tetapi juga mempertimbangkan kualitas audit dan informasi keuangan perusahaan.
References
Alomair, M., & Metwally, A. B. M. (2025). Does ESG Disclosure Matter for the Tax Avoidance Firm Value Relationship Evidence From an Emerging Market. Sustainability, 17(9), 1–9. https://doi.org/10.3390/su17093836
Baule, R. (2019). The Cost of Debt Capital Revisited. Business Research, 12(2), 721–753. https://doi.org/10.1007/s40685-018-0070-6
Efendi, R., Muawanah, U., & Setia, K. (2022). Stewardship theory di antara hubungan corporate risk, kompensasi eksekutif, karakteristik eksekutif, dan kepemilikan saham pemerintah terhadap tax avoidance. Jurnal Ekonomi Modernisasi, 18(1), 86–100. https://doi.org/10.21067/jem.v18i1.6575
Fahrozi, L. M., Ulupi, A. K. G. I., & Zairin, M. G. (2025). The Effect of Carbon Emission Disclosure, Profitabilitas and Corporate Governance on Cost of Debt. International Journal of Current Economics & Business Ventures, 5(1), 54–70. https://scholarsnetwork.org/journal/index.php/ijeb/article/view/394
Friedrich, C., Quick, R., & Schmidt, F. (2024). Auditor-provided non-audit services and perceived audit quality: Evidence from the cost of equity and debt capital. International Journal of Auditing, 28(2), 388–407. https://doi.org/10.1111/ijau.12297
Feng, C., Zhu, X., Gu, Y., & Liu, Y. (2022). Does the Carbon Emissions Trading Policy Increase Corporate Tax Avoidance? Evidence From China. Frontiers in Energy Research, 9, 1–13. https://doi.org/10.3389/fenrg.2021.821219
Hadiwibowo, I., Olivia, A. S., & Taufik, A. M. (2024). The Impact of Tax Avoidance, Tax Risk, Profitability, and Institutional Ownership on Cost of Debt. Global Financial Accounting Journal, 8(2), 90–104. https://doi.org/10.37253/gfa.v8i2.9513
Hanum, K. R., & Anggraeni, L. D. (2023). Penerapan Konsep Green Sharia Banking di Indonesia Dalam Mendukung Net Zero Emission 2060. Ecoprofit: Sustainable and Environment Business, 1(1), 24–33. https://doi.org/10.61511/ecoprofit.v1i1.2023.103
Hardiyansah, M., Agustini, A. T., & Purnamawati, I. (2021). The Effect of Carbon Emission Disclosure on Firm Value: Environmental Performance and Industrial Type. Journal of Asian Finance, Economics and Business, 8(1), 123–133. https://doi.org/10.13106/jafeb.2021.vol8.no1.123
Hu, Y., & Liang, Y. (2024). Impact of Carbon Disclosure on Debt Financing Costs. Chinese Journal of Population Resources and Environment, 22(1), 98–108. https://doi.org/10.1016/j.cjpre.2024.03.009
Johan, J., Lindrawati, & Adi, S. (2025). Pengungkapan ESG: Apakah Berdampak Ke Cost of Debt? [ESG Disclosure: Does It Affect the Cost of Debt?]. Jurnal Akuntansi, 19(1), 1–21. https://doi.org/10.25170/jak.v19i1.5929
Lim, Y. (2011). Tax Avoidance, Cost of Debt and Shareholder Activism: Evidence From Korea. Journal of Banking and Finance, 35(2), 456–470. https://doi.org/10.1016/j.jbankfin.2010.08.021
Mahmoudian, F., Yu, D., Lu, J., Nazari, J. A., & Herremans, I. M. (2023). Does Cost of Debt Reflect the Value of Quality Greenhouse Gas Emissions Reduction Efforts and Disclosure? Journal of International Accounting, Auditing and Taxation, 52, 100563. https://doi.org/10.1016/j.intaccaudtax.2023.100563
Nasih, M., Puspitasari, A., Harymawan, I., Putra, F. K. G., & Djajadikerta, H. G. (2024). The Relationship of Carbon Emission Disclosure on the Cost of Debt. SAGE Open, 14(4). https://doi.org/10.1177/21582440241292134
Nugraheny, D. E. (2023, Agustus 28). Menteri LHK Ungkap Penyebab Polusi Udara Jabodetabek, 44 Persen Kendaraan, 34 Persen PLTU. Kompas.com. https://nasional.kompas.com/read/2023/08/28/19571171/menteri-lhk-ungkap-penyebab-polusi-udara-jabodetabek-44-persen-kendaraan-34
Palea, V., & Drogo, F. (2020). Carbon Emissions and the Cost of Debt in the Eurozone: The Role of Public Policies, Climate-Related Disclosure and Corporate Governance. Business Strategy and the Environment, 29(8), 2953–2972. https://doi.org/10.1002/bse.2550
Pratiwi, R. D., Widiantomoko, J., & Indarti, K. G. M. (2024). The Effect of Good Corporate Governance and Tax Risk on the Cost of Debt (Study of Property and Real Estate Companies Listed on the Indonesia Stock Exchange for the Period 2019–2022). Journal of Economic, Business and Accounting, 7(4), 8449–8460. https://doi.org/10.31539/costing.v7i4.8999
Rachmawati, S. (2021). Green Strategy Moderate the Effect of Carbon Emission Disclosure and Environmental Performance on Firm Value. International Journal of Contemporary Accounting, 3(2), 133–152. https://doi.org/10.25105/ijca.v3i2.12439
Ramadhan, A. (2023, Agustus 28). Gara-Gara Polusi Udara, 11 Entitas Industri Kena Sanksi Administrasi. Kompas.com.
Ramdani, E. K., & Nugraha, A. A. (2024). Pengaruh Pengungkapan Emisi Karbon dan Kinerja Lingkungan Terhadap Nilai Perusahaan (Studi Pada Perusahaan Sektor Energi yang Terdaftar di BEI Periode 2020–2022). Indonesian Accounting Literacy Journal, 4(3), 215–225. https://doi.org/10.35313/ialj.v4i3.5872
Rangga, E. N. S., & Kristanto, S. B. (2023). Pengungkapan Emisi Karbon, Biaya CSR, Profitabilitas, dan Kebijakan Hutang Terhadap Nilai Perusahaan. Jurnal Riset Akuntansi dan Keuangan, 19(1), 67. https://doi.org/10.21460/jrak.2023.191.442
Santo, A. V. (2024). The Effect of Carbon Emission Disclosure and Tax Avoidance on Firm Value With Dividends as a Moderating Factor. Indonesian Management and Accounting Research, 23(2), 227–250. https://doi.org/10.25105/imar.v23i2.18017
Sánchez-Ballesta, J. P., & Yagüe, J. (2023). Tax avoidance and the cost of debt for SMEs: Evidence from Spain. Journal of Contemporary Accounting & Economics, 19(2), 100362. https://doi.org/10.1016/j.jcae.2023.100362
Shafina, G. (2023, Agustus 14). Meningkat Tajam dan Masuk 10 Besar Dunia, Emisi CO2 Indonesia Perlu Diwaspadai. Goodstats.
Sillvyana, B., & Kuang, M. T. (2025). Carbon Emissions as a Moderator of Board Characteristics and Cost of Debt. Owner, 9(2). https://doi.org/10.33395/owner.v9i2.2650
Silvia, M., & Guo, F. (2024). Consequences of Carbon Disclosure in Indonesian Company: Requires Adequate Regulations. International Journal of Management, Accounting and Economics, 11(4), 402–427. https://doi.org/10.5281/zenodo.11102482
Wang, G., Bai, J., Xing, J., Shen, J., Dan, E., Zheng, X., Zhang, L., Liu, P., & Feng, R. (2023). Operational Efficiency and Debt Cost: The Mediating Effect of Carbon Information Disclosure in Chinese Listed Companies. Sustainability (Switzerland), 15(2), 2–18. https://doi.org/10.3390/su15021512
Wardani, D. K., & Rumiyatun. (2017). Pengaruh pengetahuan wajib pajak, kesadaran wajib pajak, sanksi pajak kendaraan bermotor, dan sistem Samsat Drive Thru terhadap kepatuhan wajib pajak kendaraan bermotor (Studi kasus WP PKB roda empat di Samsat Drive Thru Bantul). Jurnal Akuntansi, 5(1), 15–24. https://doi.org/10.24964/ja.v5i1.253
Wardani, D. K., & Wati, E. (2018). Pengaruh sosialisasi perpajakan terhadap kepatuhan wajib pajak dengan pengetahuan perpajakan sebagai variabel intervening (Studi pada wajib pajak orang pribadi di KPP Pratama Kebumen). Jurnal Nominal, 7(1), 33–54.
Wardani, D. K., & Khoiriyah, D. (2018). Pengaruh strategi bisnis dan karakteristik perusahaan terhadap penghindaran pajak. Akuntansi Dewantara, 2(1), 25–36.
Wardani, D. K., & Herawati, R. (2022). Pengaruh Tax Avoidance Terhadap Nilai Perusahaan Dengan Institutional Ownership Sebagai Variabel Moderasi. Bisnis dan Akuntansi, 1(5). https://doi.org/10.53625/jemba.v1i5.3242
Wardani, D. K., & Juliani. (2018). Pengaruh Tax Avoidance Terhadap Nilai Perusahaan Dengan Corporate Governance Sebagai Variabel Pemoderasi. Jurnal Nominal, 7(2), 47–61. https://doi.org/10.21831/nominal.v7i2.21349
Wardani, D. K., Putriane, W. S., Puspitaningsih, E., Astuti, Y. A., & Mutorikoh, N. (2020). Dampak Riil Penghindaran Pajak Pada Perusahaan Manufaktur di Bursa Efek Indonesia. Jurnal Akuntansi & Manajemen Akmenika, 17(1), 375–381. https://doi.org/10.31316/akmenika.v17i1.678
Yahya, A., Permatasari, M. D., Hidayat, T., & Fahruroji, M. (2021). Tax avoidance: Good corporate governance dan kualitas audit. Jurnal Pelita Ilmu, 15(2), 95–105. https://doi.org/10.37366/jpi.v15i02.926
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Dewi Kusuma Wardani, Adelvia Adelvia
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish their manuscripts in this journal agree to the following conditions:
- The copyright on each article belongs to the author(s).
- The author acknowledges that the Journal of Accounting and Finance Management (JAFM) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
- Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Journal of Accounting and Finance Management (JAFM).
