PENGARUH GOOD CORPORATE GOVERNANCE, TAX PLANNING, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL MEDIASI PADA BANK UMUM SYARIAH
DOI:
https://doi.org/10.70248/jakpt.v4i1.4495Abstract
Penelitian ini bertujuan untuk menganalisis pengaruh Good Corporate Governance, Tax Planning, dan Leverage terhadap Kinerja Keuangan serta Nilai Perusahaan, serta menganalisis peran Kinerja Keuangan sebagai variabel mediasi pada Bank Umum Syariah yang terdaftar di Bursa Efek Indonesia periode Semester I Tahun 2021 sampai Semester II Tahun 2025. Penelitian menggunakan pendekatan kuantitatif dengan data panel yang terdiri atas 4 Bank Umum Syariah dan 10 periode pengamatan sehingga diperoleh 40 observasi. Good Corporate Governance diproksikan dengan Komisaris Independen, Tax Planning dengan Effective Tax Rate (ETR), Leverage dengan Debt to Equity Ratio (DER), Kinerja Keuangan dengan Return on Assets (ROA), dan Nilai Perusahaan dengan Tobin's Q. Analisis dilakukan menggunakan regresi data panel dengan Fixed Effect Model dan White Cross-section (Period Cluster) Robust Standard Error. Hasil penelitian menunjukkan bahwa Good Corporate Governance tidak berpengaruh signifikan terhadap Kinerja Keuangan, Tax Planning tidak berpengaruh signifikan terhadap Kinerja Keuangan, sedangkan Leverage berpengaruh positif dan signifikan terhadap Kinerja Keuangan. Good Corporate Governance berpengaruh negatif dan signifikan terhadap Nilai Perusahaan, Tax Planning tidak berpengaruh signifikan terhadap Nilai Perusahaan, Leverage berpengaruh negatif dan signifikan terhadap Nilai Perusahaan, sedangkan Kinerja Keuangan tidak berpengaruh signifikan terhadap Nilai Perusahaan. Analisis jalur menunjukkan bahwa pengaruh tidak langsung melalui Kinerja Keuangan relatif kecil dibandingkan pengaruh langsung masing-masing variabel terhadap Nilai Perusahaan.
Kata kunci: Good Corporate Governance, Tax Planning, Leverage, Kinerja Keuangan, Nilai Perusahaan.
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