The Influence of CEO Narcissism and Sustainability Reporting on Tax Avoidance: Exploring Institutional Ownership as a Moderating Variable
DOI:
https://doi.org/10.33096/jmb.v11i1.741Keywords:
CEO narcism, Sustainable reporting, Tax avoidance, Institutional ownershipAbstract
The decrease in CEOs' tax avoidance can be attributed to the absence of sustainability activities within the company, which consequently leads to decreased economic stability. In the contemporary business landscape, companies are mandated to provide Sustainability Reporting. This study employed purposive sampling, resulting in a sample of 43 companies selected based on specific criteria. The objective of this research was to examine the impact of CEO Narcissism and Sustainability Reporting on tax avoidance, with institutional ownership serving as a moderating variable listed on the IDX (Indonesia Stock Exchange). The data analysis methods included Descriptive Statistics, Classic Assumption Tests, Multiple Linear Regression Analysis with Moderated Regression Analysis, and hypothesis testing. The findings revealed that: 1) CEO Narcissism showed no significant effect on tax avoidance, 2) Sustainability Reporting had a significant impact on tax avoidance, 3) institutional ownership did not moderate the relationship between CEO Narcissism and Tax Avoidance, and 4) institutional ownership moderated the relationship between Sustainability Reporting and Tax Avoidance.
Downloads
References
Amran, A., & Mira, M. (2020). The Effects of CEO Narcissism and Leverage on Tax avoidance. Jurnal Mirai Management, 5(1), 293-304.
Arman, A., & Mira, M. (2021). Does Tax Avoidance Make Do Earning Opacity?. Atestasi: Jurnal Ilmiah Akuntansi, 4(1), 88-95.
Chatterjee, A., & Hambrick, D. C. (2007). It's all about me: Narcissistic chief executive officers and their effects on company strategy and performance. Administrative science quarterly, 52(3), 351-386.
Claudia, W., & Ekadjaja, A. (2013). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Keputusan Investasi, Keputusan Pendanaan, Dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Akuntansi.
Doho, S. Z., & Santoso, E. B. (2020). Pengaruh karakteristik ceo, komisaris independen, dan kualitas audit terhadap penghindaran pajak. Media Akuntansi dan Perpajakan Indonesia, 1(2), 169-184.
Dyreng, S. D., Hanlon, M., & Maydew, E. L. (2010). The effects of executives on corporate tax avoidance. The accounting review, 85(4), 1163-1189.
Emzaed, A. M., Syaikhu, S., Soeradji, E., & Primadhany, E. F. (2018). Tax Avoidence (Penghindaran Pajak) Oleh Wajib Pajak Dalam Persfektif Islam. El-Mashlahah, 8(1).
Fatfouta, R. (2019). Facets of narcissism and leadership: A tale of Dr. Jekyll and Mr. Hyde?. Human Resource Management Review, 29(4), 100669.
Fatfouta, R., Rentzsch, K., & Schröder-Abé, M. (2018). Narcissus oeconomicus: Facets of narcissism and socio-economic decision-making. Journal of Research in Personality, 75, 12-16.
Hasanah, L. F., & Mutmainah, K. (2020). Faktor-faktor Yang Mempengaruhi Persepsi Wajib Pajak Mengenai Etika Atas Penggelapan Pajak (Tax Evasion). Journal of Economic, Business and Engineering (JEBE), 2(1), 24-33.
Hsieh, T. S., Wang, Z., & Demirkan, S. (2018). Overconfidence and tax avoidance: The role of CEO and CFO interaction. Journal of Accounting and Public Policy, 37(3), 241-253.
Hutahayan, B. (2020). The mediating role of human capital and management accounting information system in the relationship between innovation strategy and internal process performance and the impact on corporate financial performance. Benchmarking: An International Journal, 27(4), 1289-1318.
Jumady, E. (2021). Engagement or Sustainability: Managerial Performance. Jurnal Manajemen Bisnis, 8(1), 67-73.
Khurana, I. K., & Moser, W. J. (2013). Institutional shareholders' investment horizons and tax avoidance. The Journal of the American Taxation Association, 35(1), 111-134.
Lastyanto, W. D., & Setiawan, D. (2022). Pengaruh Kepemilikan Institusional Terhadap Penghindaran Pajak Perusahaan Manufaktur di Indonesia (2017-2019). Jurnal Akuntansi Trisakti, 9(1), 27-40.
Lestari, N., & Ningrum, S. A. (2018). Pengaruh manajemen laba dan tax avoidance terhadap nilai perusahaan dengan kualitas audit sebagai variabel moderasi. Journal of applied accounting and taxation, 3(1), 99-109.
Mira, M., & Purnamasari, A. W. (2020). ENGARUH KUALITAS AUDIT TERHADAP TAX AVOIDANCE PADA PERUSAHAAN SEKTOR PERBANKAN YANG TERDAFTAR DI BEI PERIODE 2016-2018. Amnesty: Jurnal Riset Perpajakan, 3(2), 211-226.
Muhtarom. (2022). The Mediating Role of Task Commitments on The Influence of Leaders' Integrity on Job Performance: Study at Tax Office in South Tangerang City. Jurnal Manajemen Bisnis, 9(2), 357-366.
Ngadiman, N., & Puspitasari, C. (2014). Pengaruh leverage, kepemilikan institusional, dan ukuran perusahaan terhadap penghindaran pajak (tax avoidance) pada perusahaan sektor manufaktur yang terdaftar di Bursa Efek Indonesia 2010-2012. Jurnal Akuntansi, 18(3), 408-421.
Nianty, D. A. (2023). The Impact of Financial Performance on Stock Prices in Companies in the Property and Real Estate Sector. Jurnal Manajemen Bisnis, 10(1), 23-34.
Pratomo, D., Nazar, M. R., & Pratama, R. A. (2022). Pengaruh Inventory Intensity, Karakter Eksekutif, Karakteristik CEO Terhadap Tax Avoidance pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI) pada Tahun 2016-2020. Jurnal Ilmiah Universitas Batanghari Jambi, 22(3), 1999-2003.
Razak, L. A., & Badollahi, I. (2020). The Role of CEO Narcissism in Creating Firm Value. International Journal of Innovative Science and Research Technology, 5(11), 221-225.
Rizky, D. P., Sirat, A. H., & Dharma, P. E. (2023). Impact of Financial Literacy and Attitude on Resource Allocation Actors' Locus of Control as a moderating variable in the Small and Medium Food Industry. Jurnal Manajemen Bisnis, 10(2), 796-805.
Setyawan, S. H., Yuliandari, W. S., & Aminah, W. (2018). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Dan Dewan Komisaris Independen Terhadap Pengungkapan Sustainability Report (Studi Pada Perusahaan Non Perbankan Dan Non Keuangan Yang Listing Di Bursa Efek Indonesia (Bei) Pada Tahun 2014-2016). eProceedings of Management, 5(1).
Slovin, M. B., & Sushka, M. E. (1993). Ownership concentration, corporate control activity, and firm value: Evidence from the death of inside blockholders. The Journal of Finance, 48(4), 1293-1321.
Stefani, M., & Paramitha, M. (2022). Pengaruh Sustainability Reporting, Corporate Social Responsibility, Leverage dan Komisaris Independen Terhadap Penghindaran Pajak. Jurnal Locus Penelitian dan Pengabdian, 1(4), 226-246.
Sumanto, B., Asrori, A., & Kiswanto, K. (2014). Pengaruh kepemilikan institusional dan ukuran dewan komisaris terhadap manajemen laba. Accounting Analysis Journal, 3(1).
Tandean, V. A. (2016). Pengaruh tax avoidance terhadap nilai perusahaan dengan profitabilitas sebagai variabel pemoderasi.
Tandean, V. A., & Winnie. (2016). The effect of good corporate governance on tax avoidance: An empirical study on manufacturing companies listed in IDX period 2010-2013. Asian Journal of Accounting Research, 1(1), 28-38.
Wardani, D. K., & Juliani, J. (2018). Pengaruh Tax Avoidance Terhadap Nilai Perusahaan Dengan Corporate Governance Sebagai Variabel Pemoderasi. Nominal: Barometer Riset Akuntansi dan Manajemen, 7(2), 47-61.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 JMB UMI
This work is licensed under a Creative Commons Attribution 4.0 International License.
