Risiko Spesifik Perusahaan: Pentingkah Agresivitas Pajak Bagi Investor?

Yunita Kurniawati, Ika Risda Yunisaningrum, Ari Budi Kristanto


This study aims to determine the effect of tax aggressiveness on firm-specific risk. The population used in this study were manufacturing companies and non-financial services companies listed on the Indonesian Stock Exchange in 2017. The method of sampling this study using purposive sampling with the criteria of non-financial manufacturing and service companies that have positive profits during 2017. Samples are used in this study were 315 companies. The analysis technique of this study uses the ordinary least squares (OLS). The results of this study indicate that tax aggressiveness proxied by the effective tax rate (ETR) does not influence firm-specific risk. The implications of the results of this study are useful for investors in making decisions for their investments not only focusing on ETR as the basis for consideration. Besides, management needs to man-age appropriate taxation policies to be applied to the company so that the company will continue to operate and survive into the future.


DOI: https://doi.org/10.26905/afr.v2i1.3073


Company Specific Risk; Effective Tax Rates; Tax aggressiveness.


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