Thin Capitalization, Komisaris Independen, dan Capital Intensity Terhadap Tax Avoidance: Peran Moderasi Kepemilikan Institusional


Authors

  • Inggrid Panesa Universitas Widya Dharma Pontianak, Pontianak, Indonesia
  • Thomas Averio Universitas Widya Dharma Pontianak, Pontianak, Indonesia

DOI:

https://doi.org/10.47065/arbitrase.v6i2.2640

Keywords:

Capital Intensity; Independent Commissioners; Institutional Ownership; Tax Avoidance; Thin Capitalization

Abstract

This study aims to comprehensively examine the impact of thin capitalization, independent commissioners, and capital intensity on tax avoidance practices, with institutional ownership as a moderating factor. The data were obtained from the annual financial statements of companies listed in the LQ45 index during the 2020–2024 period. The analysis was conducted using multiple linear regression and moderation regression analysis (MRA) with IBM SPSS version 26, to thoroughly test the relationships between variables. The research population consisted of 45 companies, with samples selected using purposive sampling according to predetermined inclusion criteria. The results indicate that thin capitalization, independent commissioners, and capital intensity does have an effect on tax avoidance but not significant. Meanwhile, institutional ownership has the potential to moderate the relationship between these three variables and tax avoidance. These findings provide both conceptual and practical implications for the development of literature on tax avoidance and can serve as a reference for company management and policymakers in formulating more effective tax management strategies.

Downloads

Download data is not yet available.

References

Anggraini, N., & Trisnawati, R. (2025). Pengaruh CEO Tenure, Capital Intensity, Thin Capitalization, Sales Growth Dan Financial Distress Terhadap Tax Avoidance. Journal of Accounting and Finance Management, 6(1), 250–265. https://doi.org/10.38035/jafm.v6i1.1680

Apriani, I. S., & Sunarto, S. (2022). Pengaruh Leverage, Capital Intensity, Dan Profitabilitas Terhadap Tax Avoidance. Kompak?:Jurnal Ilmiah Komputerisasi Akuntansi, 15(2), 326–333. https://doi.org/10.51903/kompak.v15i2.678

Asih, P. N. W. (2023). Refleksi Pengungkapan Csr Di Indonesia: Carrot or Stick? EQUITY, 26(1), 1-23. https://doi.org/10.34209/equ.v26i1.5143

Averio, T. (2021). The Analysis of Influencing Factors on the Going Concern Audit Opinion – a Study in Manufacturing Firms in Indonesia. Asian Journal of Accounting Research, 6(2), 152–164. https://doi.org/10.1108/AJAR-09-2020-0078

----------. (2025). The Relevance of Fraud Theory and Fraudulent Financial Reporting. Jurnal Ekonomi dan Bisnis, 26(2), 115–127. https://doi.org/10.30659/ekobis.26.2.115-127

Azlia, R. Y. (2023). Pengaruh Likuiditas, Profitabilitas Dan Thin Capitalization Terhadap Penghindaran Pajak | JIIP - Jurnal Ilmiah Ilmu Pendidikan. Jurnal Ilmiah Ilmu Pendidikan, 6(8), 5974–5981. https://doi.org/10.54371/jiip.v6i8.2720

Cahyadi, R. R., & Tjahjono, A. (2025). Pengaruh Thin Capitalization, Capital Intensity, Dan Profitabilitas Terhadap Penghindaran Pajak Dengan Kepemilikan Institusional Sebagai Variabel Moderasi. Jurnal Akuntansi Dan Bisnis, 5(1), 416–427. https://doi.org/10.51903/jiab.v5i1.872

Chandra, Y. (2023). Pengaruh Komisaris Independen, Komite Audit, Ukuran Perusahaan, Dan Profitabilitas Terhadap Tax Avoidance (Studi Empiris Pada Perusahaan Manufaktur Sektor Industri BarangKonsumsi Yang Terdaftar Di Bursa Efek Indonesia, Periode 2018 €“ 2020). AKUNTOTEKNOLOGI?: JURNAL ILMIAH AKUNTANSI DAN TEKNOLOGI, 14(1), 89–102. https://doi.org/10.31253/aktek.v14i1.1444

Dewi, S. L., & Oktaviani, R. M. (2021a). Pengaruh Leverage, Capital Intensity, Komisaris Independen Dan Kepemilikan Institusional Terhadap Tax Avoidance. Akurasi?: Jurnal Studi Akuntansi Dan Keuangan, 4(2), 179–194. https://doi.org/10.29303/akurasi.v4i2.122

Dewi, S. L., & Oktaviani, R. M. (2021b). Pengaruh Leverage, Capital Intensity, Komisaris Independen Dan Kepemilikan Institusional Terhadap Tax Avoidance. Akurasi?: Jurnal Studi Akuntansi Dan Keuangan, 4(2), 179–194. https://doi.org/10.29303/akurasi.v4i2.122

Dharmayanti, N., Yetmi, Y. S., Atichasari, A. S., Ratnasari, A., & Fitriyani, F. (2024). Does Institutional Ownership Moderating Tax Avoidance? An Empirical Analysis In Indonesian List Company. JAK (Jurnal Akuntansi) Kajian Ilmiah Akuntansi, 11(1), 32–49. https://doi.org/10.30656/jak.v11i1.6044

Fahmi, M., & Yanti, H. B. (2024). The Effect of Leverage, Thin Capitalization, and Tax Havens on Tax Avoidance with Firm Size as a Moderating Variable. JURNAL AKUNTANSI DAN AUDITING, 21(2), 176–199. https://doi.org/10.14710/jaa.21.2.176-199

Firdaus, V. A., & Poerwati, R. T. (2022). Pengaruh Intensitas Modal, Pertumbuhan Penjualan Dan Kompensasi Eksekutif Terhadap Penghindaran Pajak (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2018 – 2020). JIMAT (Jurnal Ilmiah Mahasiswa Akuntansi) Undiksha, 13(01), 180–189. https://doi.org/10.23887/jimat.v13i01.38009

Fitria, A., & Suparna, W. (2025). The Effect of Leverage and Capital Intensity on Tax Avoidance with Institutional Ownership as a Moderating Variable. Educoretax, 4(11), 1441-1458 . https://doi.org/10.54957/educoretax.v4i11.1302

Heriana, P. K., Nuryati, T., Rossa, E., & Machdar, N. M. (2023). Pengaruh Corporate Social Responsibility, Ukuran Perusahaan, Dan Capital Intensity Terhadap Tax Avoidance. SINOMIKA Journal: Publikasi Ilmiah Bidang Ekonomi Dan Akuntansi, 2(1), 45–54. https://doi.org/10.54443/sinomika.v2i1.985

Hermi, H., & Petrawati, P. (2023). The Effect of Management Compensation, Thin Capitalization and Sales Growth on Tax Avoidance with Institutional Ownership as Moderation. Media Riset Akuntansi, Auditing & Informasi, 23(1), 1–14. https://doi.org/10.25105/mraai.v23i1.16790

Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X

Kalbuana, N., Widagdo, R. A., & Yanti, D. R. (2020). Pengaruh Capital Intensity, Ukuran Perusahaan, Dan Leverage Terhadap Tax Avoidance Pada Perusahaan Yang Terdaftar Di Jakarta Islamic Index. Jurnal Riset Akuntansi Politala, 3(2), 46–59. https://doi.org/10.34128/jra.v3i2.56

Karina, A., & Liliana, V. (2025). Pengaruh Dewan Komisaris Independen, Komite Audit Dan Profitabilitas Terhadap Tax Avoidance Dengan Kepemilikan Institusional Sebagai Variabel Moderating. Jurnal Ekonomi, Manajemen Dan Perbankan (Journal of Economics, Management and Banking), 11(1), 41–68. https://doi.org/10.35384/jemp.v11i1.722

Manurung, C. B. A., Ratnawati, V., & Nasir, A. (2024). Analisis Faktor-Faktor Yang Dapat Mempengaruhi Tax Avoidance Dengan Kepemilikan Institusional Sebagai Variabel Moderasi. Owner?: Riset Dan Jurnal Akuntansi, 8(2), 1985–1995. https://doi.org/10.33395/owner.v8i2.2334

Masrurroch, L. R., Nurlaela, S., & Fajri, R. N. (2021). Pengaruh Profitabilitas, Komisaris Independen, Leverage, Ukuran Perusahaan Dan Intensitas Modal Terhadap Tax Avoidance. INOVASI?: Jurnal Ekonomi, Keuangan, dan Manajemen, 17(1), 82–93. https://doi.org/10.30872/jinv.v17i1.9098

Norsiah, S., & Pratiwi, A. P. (2025). Pengaruh Thin Capitalization, Sales Growth, Capital Intensity Terhadap Tax Avoidance Dengan Kepemilikan Institusional Sebagai Moderasi. Jurnal Ekonomi, Akuntansi, Dan Perpajakan, 2(4), 41–56. https://doi.org/10.61132/jeap.v2i4.1415

Novitasari, M., Srikalimah, S., & Munari, M. (2025). Peran Profitability Sebagai Moderasi: Sales Growth, Transfer Pricing, Capital Intensity Dan Tax Avoidance. Owner?: Riset Dan Jurnal Akuntansi, 9(2), 1569–1581. https://doi.org/10.33395/owner.v9i2.2712

Prasatya, R. E., Mulyadi, J. M. V., & Suyanto, S. (2020). Karakter Eksekutif, Profitabilitas, Leverage, Dan Komisaris Independen Terhadap Tax Avoidance Dengan Kepemilikan Institusional Sebagai Variabel Moderasi. JRAP (Jurnal Riset Akuntansi Dan Perpajakan), 7(02), 153–162. https://doi.org/10.35838/jrap.2020.007.02.13

Pratama, A. (2024). Riset Akuntansi Perpajakan: Teori dan Literatur. CV. Bintang Semesta Media.

Rachmadanty, A. P., & Agustina, L. (2023). Pengaruh Ukuran Direksi, Dewan Komisaris Independen, Kepemimpinan Ganda, Jenis Perusahaan, Sustainability Committee, Aktivitas Perusahaan, Kepemilikan Asing, Dan Struktur Kepemilikan Terhadap Sustainability Report. Jurnal Riset Ekonomi Dan Bisnis, 16(2), 142–155. https://doi.org/10.26623/jreb.v16i2.5925

Rahmadani, E. G., Kusbandiyah, A., Mudjiyanti, R., & Pramurindra, R. (2024). Pengaruh Firm Size, ROA, Thin Capitalization Terhadap Penghindaran Pajak Dengan Kepemilikan Institusional Sebagai Variabel Moderasi. Journal of Accounting and Finance Management, 5(3), 438–455. https://doi.org/10.38035/jafm.v5i3.728

Rahmadi, A. D., & Mujiyati, M. (2024). Pengaruh Leverage, Capital Intensity, Komisaris Independen, Kepemilikan Institusional, Komite Audit Dan Thin Capitalization Terhadap Tax Avoidance. Jurnal Bina Akuntansi, 11(2), 70–87. https://doi.org/10.52859/jba.v11i2.602

Rasya, A. P. A., & Ratnawati, J. (2023). Faktor Faktor Memengaruhi Praktik Penghindaran Pajak (Sektor Pertambangan Tahun 2019-2021). Jurnal Ecodemica?: Jurnal Ekonomi Manajemen dan Bisnis, 7(2), 178–189. https://doi.org/10.31294/eco.v7i2.15474

Ristanti, L. (2022). Corpporate Social Responsibility, Capital Intensity, Kualitas Audit Dan Penghindaran Pajak: Kepemilikan Institusional Sebagai Variabel Moderasi. Jurnal Literasi Akuntansi, 2(1), Article 1. https://doi.org/10.55587/jla.v2i1.22

Rozan, N., Arieftiara, D., & Hindria, R. (2023). Struktur Kepemilikan Dan Capital Intensity Terhadap Penghindaran Pajak. Journal of Economic, Management, Accounting and Technology, 6(1), Article 1. https://doi.org/10.32500/jematech.v6i1.2088

Sari, K. R., Iswanaji, C., & Nugraheni, A. P. (2023). Pengaruh Leverage, Capital Intensity, Dan Inventory Intensity Terhadap Tax Avoidance: (Studi Pada Industri Barang Konsumsi Yang Terdaftar Di BEI Tahun 2017-2021). Applied Research in Management and Business, 3(1), 13–24. https://doi.org/10.53416/arimbi.v3i1.151

Setianto, B. (2022). Mencari Saham LQ45 Yang Masih Diskon Dengan Analisa Laporan Keuangan Tahunan 2021: Ranking Kinerja & Ratio Keuangan Dan Nilai Wajar Dibanding Harga Beli. BSK Capital.

Sujannah, E. (2021). Leverage, Kepemilikan Institusional, Dan Transfer Pricing, Penghindaran Pajak: Profitabilitas Sebagai Variabel Moderasi. Jurnal Literasi Akuntansi, 1(1), Article 1. https://doi.org/10.55587/jla.v1i1.3

Sulistyowati, S., Chusnah, F. N., Supriati, D., Rusli, D., & Pohan, T. A. (2024). Dinamika Penghindaran Pajak Perusahaan: Menelaah Pengaruh Koneksi Politik, Kepemilikan Institusional Dan Komisaris Independen. Jurnal Akuntansi Dan Manajemen, 21(2), 165–176. https://doi.org/10.36406/jam.v21i2.1642

Susilowati, N., & Kartika, A. (2023). Pengaruh Komisaris Independen, Komite Audit, Kualitas Audit Dan Karakteristik Perusahaan Terhadap Tax Avoidance. JIMAT (Jurnal Ilmiah Mahasiswa Akuntansi) Undiksha, 14(03), 703–712. https://doi.org/10.23887/jimat.v14i03.66021

Utama, D. P., & Yuniarwati, Y. (2023). Pengaruh Good Corporate Governance, Corporate Social Responsibility Dan Ukuran Perusahaan Terhadap Tax Avoidance. Syntax Literate?; Jurnal Ilmiah Indonesia, 8(2), 1239–1255. https://doi.org/10.36418/syntax-literate.v8i2.11419

Utami, M. F., & Irawan, F. (2022). Pengaruh Thin Capitalization Dan Transfer Pricing Aggressiveness Terhadap Penghindaran Pajak Dengan Financial Constraints Sebagai Variabel Moderasi. Owner?: Riset Dan Jurnal Akuntansi, 6(1), 386–399. https://doi.org/10.33395/owner.v6i1.607


Bila bermanfaat silahkan share artikel ini

Berikan Komentar Anda terhadap artikel Thin Capitalization, Komisaris Independen, dan Capital Intensity Terhadap Tax Avoidance: Peran Moderasi Kepemilikan Institusional

Dimensions Badge

ARTICLE HISTORY


Published: 2025-11-15
Abstract View: 100 times
PDF Download: 80 times

Issue

Vol. 6 No. 2 (2025): November 2025

Section

Articles

Copyright (c) 2025 Inggrid Panesa, Thomas Averio

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors who publish with this journal agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under Creative Commons Attribution 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (Refer to The Effect of Open Access).