Pengaruh Perencanaan Pajak, Profitabilitas,Ukuran Perusahaan dan Pertumbuhan Penjualan Terhadap Nilai Perusahaan (Studi Empiris Pada Perusahaan Kesehatan yang Terdaftar di BEI Tahun 2021-2023)

Indonesia

Abstract

The purpose of this research is to analyze the impact of tax planning, profitability, company
size, and sales growth on the value of companies in the healthcare sector listed on the Indonesia
Stock Exchange (IDX) during the period 2021-2023. The method used in this research is panel
data regression analysis with a Random Effect Model approach. The sample consists of 16
companies, with a total of 48 financial statement data taken from annual reports. The results
indicate that tax planning does not have a significant effect on company value, with a
significance value of 0.9111. In contrast, profitability has a positive and significant impact on
company value, with a very low significance value of 0.0008. Company size and sales growth do
not show a significant effect on company value, with significance values of 0.2614 and 0.4144,
respectively. The coefficient of determination (R²) obtained is 26.76%, indicating that the
independent variables can explain the variability in company value, while 73.34% of the
dependence is influenced by other factors not examined in this study. This research is expected
to serve as a reference for future studies and provide guidance for investors in making investment decisions in the dynamic healthcare sector.
Keywords: Tax Planning, Profitability, Company Size, Sales Growth, Company Value