How to cite this paper
Noviari, N., Wiksuana, I., Artini, L & Sudana, I. (2023). Do tax disputes affect firm value?.Uncertain Supply Chain Management, 11(3), 951-960.
Refrences
Adiati, K. A., Rahmawati, & Bandi. (2018). Does Disclosure Method of Deffered Tax Matter For Investors in Stock Valuation Based on Earnings? International Journal of Business and Society, 19(2004), 676–688.
Arena, & Ferris, S. (2018). A global analysis of corporate litigation risk and costs. International Review of Law and Economics, 56, 28–41. https://doi.org/10.1016/j.irle.2018.05.003
Arouri, H., Hossain, M., & Badrul Muttakin, M. (2014). Effects of board and ownership structure on corporate performance. Journal of Accounting in Emerging Economies, 4(1), 117–130. https://doi.org/10.1108/jaee-02-2012-0007
Batten, J., & Vo, X. V. (2019). Liquidity and Firm Value in an Emerging Market. Singapore Economic Review, 64(2), 365–376. https://doi.org/10.1142/S0217590817470063
Bell, R. G., Filatotchev, I., & Aguilera, R. V. (2014). Corporate governance and investors’ perceptions of foreign ipo value: An institutional perspective. Academy of Management Journal, 57(1), 301–320. https://doi.org/10.5465/amj.2011.0146
Branco, M. C., & Rodrigues, L. L. (2008). Factors Influencing Social Responsibility Disclosure by Portuguese Companies. Journal of Business Ethics, 83(4), 685–701. https://doi.org/10.1007/s10551-007-9658-z
Carlson, N. (2015). An analyst says everybody thinks Marissa Mayer is an idiot—She isn’t. Business Insider.
Chung, K. H., & Pruitt, S. W. (1994). Simple of Tobin ’ s Approximation, 23(3), 70–74. https://doi.org/10.2307/3665623
Dash, S. R., & Raithatha, M. (2018). Impact of Disputed Tax Litigation Risk on Firm Performance: Evidence from India. 31(3). https://doi.org/10.1108/ARJ-07-2016-0095
Dj, A. M., Artini, L. G. S., & Suarjaya, A. . G. (2012). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. Jurnal Manajemen, Strategi Bisnis, Dan Kewirausahaan, 6(2), 130–137.
Drake, K. D., Lusch, S. J., & Stekelberg, J. (2017). Does Tax Risk Affect Investor Valuation of Tax Avoidance? Journal of Accounting, Auditing and Finance, 1–26. https://doi.org/10.1177/0148558X17692674
Gallemore, J., Maydew, E. L., & Thornock, J. R. (2014). The Reputational Costs of Tax Avoidance. Contemporary Accounting Research, 31(4), 1103–1133. https://doi.org/10.1111/1911-3846.12055
Garcia, A. S., Mendes-Da-Silva, W., & Orsato, R. J. (2017). Sensitive industries produce better ESG performance: Evidence from emerging markets. Journal of Cleaner Production, 150, 135–147. https://doi.org/10.1016/j.jclepro.2017.02.180
Hackston, D., & Milne, M. J. (1996). Some Determinants of Social and Environmental Disclosuresin New Zealand Companies. Accounting, Auditing & Accountability Journal, 9(1), 77–108. https://doi.org/10.1108/09513579610109987
Hao, (Grace) Qing. (2011). Securities litigation, withdrawal risk and initial public offerings. Journal of Corporate Finance, 17(3), 438–456. https://doi.org/10.1016/j.jcorpfin.2010.12.005
Hidayat, R., Wahyudi, S., Muharam, H., & Zainudin, F. (2020). Institutional ownership, productivity sustainable investment based on financial constrains and firm value: Implications of agency theory, signaling theory, and asymmetry information on sharia companies in Indonesia. International Journal of Financial Research, 11(1), 71–81. https://doi.org/10.5430/ijfr.v11n1p71
Hutchens, M., & Rego, S. O. (2013). Tax Risk and the Cost of Equity Capital. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2186564
Jafarinejad, M., Jory, S. R., & Ngo, T. N. (2015). The effects of institutional ownership on the value and risk of diversified firms. International Review of Financial Analysis, 40, 207–219. https://doi.org/10.1016/j.irfa.2015.05.019
Jihadi, M., Vilantika, E., Hashemi, S. M., Arifin, Z., Bachtiar, Y., & Sholichah, F. (2021). The Effect of Liquidity, Leverage, and Profitability on Firm Value: Empirical Evidence from Indonesia. Journal of Asian Finance, Economics and Business, 8(3), 423–431. https://doi.org/10.13106/jafeb.2021.vol8.no3.0423
Kim, J.-B., Li, Y., & Zhang, L. (2011). Corporate tax avoidance and stock price crash risk: Firm-level analysis. Journal of Financial Economics, 100(3), 639–662. https://doi.org/10.1016/j.jfineco.2010.07.007
Linawati, N., Moeljadi, Djumahir, & Aisjah, S. (2022). The effect of profitability and bank size on firm value sustainability: The mediating role of capital structure. Investment Management and Financial Innovations, 19(2), 331–343. https://doi.org/10.21511/imfi.19(2).2022.29
Ling, D. C., Wang, C., & Zhou, T. (2021). Institutional common ownership and firm value: Evidence from real estate investment trusts. Real Estate Economics, 49(1), 187–223. https://doi.org/10.1111/1540-6229.12312
Marriage, M. (2014, November). Aggressive tax avoidance troubles large investors. Financial Times. https://www.ft.com/content/e56ca00c-6010-11e4-98e6-00144feabdc0
McCarty, R. D. (2012). Optimal Tax Risk and Firm Value [University of Tennessee, Knoxville]. https://trace.tennessee.edu/cgi/viewcontent.cgi?article=2534&context=utk_graddiss
Mirrlees, J. A. (1971). An Exploration in the Theory of Optimum Income Taxation. The Review of Economic Studies, 38(2), 175. https://doi.org/10.2307/2296779
Mollah, S., Farooque, O. ., & Karim, W. (2012). Ownership structure, corporate governance and firm performance. Studies in Economics and Finance, 29(4), 301–319. https://doi.org/10.1108/10867371211266937
Nesbitt, W. L., & Outslay, E. (2017). The Relation between Tax Risk and Firm Value: Evidence from the Luxembourg Tax Leaks. SSRN Electronic Journal, March. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2901143
Quigley, T. J., & Graffin, S. D. (2017). Reaffirming the CEO effect is significant and much larger than chance: A comment on Fitza (2014). Strategic Management Journal, 38(3), 793–801. https://doi.org/10.1002/smj.2503
Quigley, T. J., & Hambrick, D. C. (2014). Has the “CEO effect” increased in recent decades? A new explanation for the great rise in America’s attention to corporate leaders. Strategic Management Journal, 36(6), 821–830. https://doi.org/10.1002/smj.2258
Rampell, C. (2014). Shareholders, public deserve tax transparency. The Washington Pos. www.washingtonpost.com/opinions/catherine-rampell-shareholders-public- deserve-tax-transparency/2014/08/21
Roberts, R. W. (1992). Determinants of corporate social responsibility disclosure: An application of stakeholder theory. Accounting, Organizations and Society, 17(6), 595–612. https://doi.org/10.1016/0361-3682(92)90015-K
Sahid, I., Kertadhi, & Budiharjo, O. (2015). Analisis Penyelesaian Sengketa Banding Atas Kasus Pajak Pertambahan Nilai Di Pengadilan Pajak (Studi Kasus PT OP)(Analysis of Appeal Dispute Resolution on Value Added Tax Cases in the Tax Court (Case Study of PT OP). Jurnal Administrasi Bisnis-Perpajakan (JAB), 5(1). http://perpajakan.studentjournal.ub.ac.id/index.php/perpajakan/article/view/112
Salehi, M., Zimon, G., Arianpoor, A., & Gholezoo, F. E. (2022). The Impact of Investment Efficiency on Firm Value and Moderating Role of Institutional Ownership and Board Independence. Journal of Risk and Financial Management, 15(4). https://doi.org/10.3390/jrfm15040170
Sembiring, E. R. (2006). Karakteristik Perusahaan dan Pengungkapan Tanggung Jawab Sosial: Study Empiris pada Perusahaan yang Tercatat di Bursa Efek Jakarta. Maksi, 6(1), 69–85.
Slemrod, J. (2004). The Economics of Corporate Tax Selfishness. In National Tax Journal (Vol. 57, Issue 4). https://doi.org/10.3386/w10858
Sucuahi, W., & Cambarihan, J. M. (2016). Influence of Profitability to the Firm Value of Diversified Companies in the Philippines. Accounting and Finance Research, 5(2). https://doi.org/10.5430/afr.v5n2p149
Taktak, S. B. S. Z. N. B. (2014). Ownership structure and financial performance in Islamic banks. Managerial Finance, 7(2), 146–160.
Vickrey, W. (1945). Measuring Marginal Utility by Reactions to Risk. Econometrica, 13(4), 319. https://doi.org/10.2307/1906925
Wahyuni, S. (2013). Whether Auditor Specialization Matters to Investor ? Empirical Evidence from High Profile Industry in Indonesia. The 2nd IBSM, International Conference on Business and Mangement, October. http://digital.library.ump.ac.id/id/eprint/785
Wu, W., Peng, F., Shan, Y. G., & Zhang, L. (2020). Litigation risk and firm performance: The effect of internal and external corporate governance. Corporate Governance: An International Review, 28(4), 210–239. https://doi.org/10.1111/corg.12319
Zuhroh, D., & Sukmawati, I. P. H. (2003). Analisis Luas Pengungkapan Sosial dalam Laporan Tahunan Perusahaan terhadap Reaksi Investor (Studi Kasus pada Perusahaan-Perusahaan High Profile di BEJ). Simposium Nasional Akuntansi VI, 34–38.
Arena, & Ferris, S. (2018). A global analysis of corporate litigation risk and costs. International Review of Law and Economics, 56, 28–41. https://doi.org/10.1016/j.irle.2018.05.003
Arouri, H., Hossain, M., & Badrul Muttakin, M. (2014). Effects of board and ownership structure on corporate performance. Journal of Accounting in Emerging Economies, 4(1), 117–130. https://doi.org/10.1108/jaee-02-2012-0007
Batten, J., & Vo, X. V. (2019). Liquidity and Firm Value in an Emerging Market. Singapore Economic Review, 64(2), 365–376. https://doi.org/10.1142/S0217590817470063
Bell, R. G., Filatotchev, I., & Aguilera, R. V. (2014). Corporate governance and investors’ perceptions of foreign ipo value: An institutional perspective. Academy of Management Journal, 57(1), 301–320. https://doi.org/10.5465/amj.2011.0146
Branco, M. C., & Rodrigues, L. L. (2008). Factors Influencing Social Responsibility Disclosure by Portuguese Companies. Journal of Business Ethics, 83(4), 685–701. https://doi.org/10.1007/s10551-007-9658-z
Carlson, N. (2015). An analyst says everybody thinks Marissa Mayer is an idiot—She isn’t. Business Insider.
Chung, K. H., & Pruitt, S. W. (1994). Simple of Tobin ’ s Approximation, 23(3), 70–74. https://doi.org/10.2307/3665623
Dash, S. R., & Raithatha, M. (2018). Impact of Disputed Tax Litigation Risk on Firm Performance: Evidence from India. 31(3). https://doi.org/10.1108/ARJ-07-2016-0095
Dj, A. M., Artini, L. G. S., & Suarjaya, A. . G. (2012). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. Jurnal Manajemen, Strategi Bisnis, Dan Kewirausahaan, 6(2), 130–137.
Drake, K. D., Lusch, S. J., & Stekelberg, J. (2017). Does Tax Risk Affect Investor Valuation of Tax Avoidance? Journal of Accounting, Auditing and Finance, 1–26. https://doi.org/10.1177/0148558X17692674
Gallemore, J., Maydew, E. L., & Thornock, J. R. (2014). The Reputational Costs of Tax Avoidance. Contemporary Accounting Research, 31(4), 1103–1133. https://doi.org/10.1111/1911-3846.12055
Garcia, A. S., Mendes-Da-Silva, W., & Orsato, R. J. (2017). Sensitive industries produce better ESG performance: Evidence from emerging markets. Journal of Cleaner Production, 150, 135–147. https://doi.org/10.1016/j.jclepro.2017.02.180
Hackston, D., & Milne, M. J. (1996). Some Determinants of Social and Environmental Disclosuresin New Zealand Companies. Accounting, Auditing & Accountability Journal, 9(1), 77–108. https://doi.org/10.1108/09513579610109987
Hao, (Grace) Qing. (2011). Securities litigation, withdrawal risk and initial public offerings. Journal of Corporate Finance, 17(3), 438–456. https://doi.org/10.1016/j.jcorpfin.2010.12.005
Hidayat, R., Wahyudi, S., Muharam, H., & Zainudin, F. (2020). Institutional ownership, productivity sustainable investment based on financial constrains and firm value: Implications of agency theory, signaling theory, and asymmetry information on sharia companies in Indonesia. International Journal of Financial Research, 11(1), 71–81. https://doi.org/10.5430/ijfr.v11n1p71
Hutchens, M., & Rego, S. O. (2013). Tax Risk and the Cost of Equity Capital. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2186564
Jafarinejad, M., Jory, S. R., & Ngo, T. N. (2015). The effects of institutional ownership on the value and risk of diversified firms. International Review of Financial Analysis, 40, 207–219. https://doi.org/10.1016/j.irfa.2015.05.019
Jihadi, M., Vilantika, E., Hashemi, S. M., Arifin, Z., Bachtiar, Y., & Sholichah, F. (2021). The Effect of Liquidity, Leverage, and Profitability on Firm Value: Empirical Evidence from Indonesia. Journal of Asian Finance, Economics and Business, 8(3), 423–431. https://doi.org/10.13106/jafeb.2021.vol8.no3.0423
Kim, J.-B., Li, Y., & Zhang, L. (2011). Corporate tax avoidance and stock price crash risk: Firm-level analysis. Journal of Financial Economics, 100(3), 639–662. https://doi.org/10.1016/j.jfineco.2010.07.007
Linawati, N., Moeljadi, Djumahir, & Aisjah, S. (2022). The effect of profitability and bank size on firm value sustainability: The mediating role of capital structure. Investment Management and Financial Innovations, 19(2), 331–343. https://doi.org/10.21511/imfi.19(2).2022.29
Ling, D. C., Wang, C., & Zhou, T. (2021). Institutional common ownership and firm value: Evidence from real estate investment trusts. Real Estate Economics, 49(1), 187–223. https://doi.org/10.1111/1540-6229.12312
Marriage, M. (2014, November). Aggressive tax avoidance troubles large investors. Financial Times. https://www.ft.com/content/e56ca00c-6010-11e4-98e6-00144feabdc0
McCarty, R. D. (2012). Optimal Tax Risk and Firm Value [University of Tennessee, Knoxville]. https://trace.tennessee.edu/cgi/viewcontent.cgi?article=2534&context=utk_graddiss
Mirrlees, J. A. (1971). An Exploration in the Theory of Optimum Income Taxation. The Review of Economic Studies, 38(2), 175. https://doi.org/10.2307/2296779
Mollah, S., Farooque, O. ., & Karim, W. (2012). Ownership structure, corporate governance and firm performance. Studies in Economics and Finance, 29(4), 301–319. https://doi.org/10.1108/10867371211266937
Nesbitt, W. L., & Outslay, E. (2017). The Relation between Tax Risk and Firm Value: Evidence from the Luxembourg Tax Leaks. SSRN Electronic Journal, March. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2901143
Quigley, T. J., & Graffin, S. D. (2017). Reaffirming the CEO effect is significant and much larger than chance: A comment on Fitza (2014). Strategic Management Journal, 38(3), 793–801. https://doi.org/10.1002/smj.2503
Quigley, T. J., & Hambrick, D. C. (2014). Has the “CEO effect” increased in recent decades? A new explanation for the great rise in America’s attention to corporate leaders. Strategic Management Journal, 36(6), 821–830. https://doi.org/10.1002/smj.2258
Rampell, C. (2014). Shareholders, public deserve tax transparency. The Washington Pos. www.washingtonpost.com/opinions/catherine-rampell-shareholders-public- deserve-tax-transparency/2014/08/21
Roberts, R. W. (1992). Determinants of corporate social responsibility disclosure: An application of stakeholder theory. Accounting, Organizations and Society, 17(6), 595–612. https://doi.org/10.1016/0361-3682(92)90015-K
Sahid, I., Kertadhi, & Budiharjo, O. (2015). Analisis Penyelesaian Sengketa Banding Atas Kasus Pajak Pertambahan Nilai Di Pengadilan Pajak (Studi Kasus PT OP)(Analysis of Appeal Dispute Resolution on Value Added Tax Cases in the Tax Court (Case Study of PT OP). Jurnal Administrasi Bisnis-Perpajakan (JAB), 5(1). http://perpajakan.studentjournal.ub.ac.id/index.php/perpajakan/article/view/112
Salehi, M., Zimon, G., Arianpoor, A., & Gholezoo, F. E. (2022). The Impact of Investment Efficiency on Firm Value and Moderating Role of Institutional Ownership and Board Independence. Journal of Risk and Financial Management, 15(4). https://doi.org/10.3390/jrfm15040170
Sembiring, E. R. (2006). Karakteristik Perusahaan dan Pengungkapan Tanggung Jawab Sosial: Study Empiris pada Perusahaan yang Tercatat di Bursa Efek Jakarta. Maksi, 6(1), 69–85.
Slemrod, J. (2004). The Economics of Corporate Tax Selfishness. In National Tax Journal (Vol. 57, Issue 4). https://doi.org/10.3386/w10858
Sucuahi, W., & Cambarihan, J. M. (2016). Influence of Profitability to the Firm Value of Diversified Companies in the Philippines. Accounting and Finance Research, 5(2). https://doi.org/10.5430/afr.v5n2p149
Taktak, S. B. S. Z. N. B. (2014). Ownership structure and financial performance in Islamic banks. Managerial Finance, 7(2), 146–160.
Vickrey, W. (1945). Measuring Marginal Utility by Reactions to Risk. Econometrica, 13(4), 319. https://doi.org/10.2307/1906925
Wahyuni, S. (2013). Whether Auditor Specialization Matters to Investor ? Empirical Evidence from High Profile Industry in Indonesia. The 2nd IBSM, International Conference on Business and Mangement, October. http://digital.library.ump.ac.id/id/eprint/785
Wu, W., Peng, F., Shan, Y. G., & Zhang, L. (2020). Litigation risk and firm performance: The effect of internal and external corporate governance. Corporate Governance: An International Review, 28(4), 210–239. https://doi.org/10.1111/corg.12319
Zuhroh, D., & Sukmawati, I. P. H. (2003). Analisis Luas Pengungkapan Sosial dalam Laporan Tahunan Perusahaan terhadap Reaksi Investor (Studi Kasus pada Perusahaan-Perusahaan High Profile di BEJ). Simposium Nasional Akuntansi VI, 34–38.