Pengaruh Tax Transparency dan ESG Disclosure terhadap Nilai Perusahaan pada Perusahaan Manufaktur di Indonesia
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Abstract
Penelitian ini bertujuan untuk menganalisis pengaruh tax transparency dan ESG disclosure terhadap perceived firm value pada perusahaan manufaktur di Indonesia. Penelitian menggunakan pendekatan kuantitatif dengan desain explanatory research melalui survei cross-sectional terhadap 70 responden yang dipilih menggunakan teknik purposive sampling. Data primer dikumpulkan melalui kuesioner dengan skala Likert lima poin dan dianalisis menggunakan regresi linear berganda melalui SPSS versi 25. Hasil penelitian menunjukkan bahwa tax transparency memiliki hubungan positif dan signifikan dengan perceived firm value (β = 0,360; p < 0,001), demikian pula ESG disclosure (β = 0,560; p < 0,001). ESG disclosure menunjukkan hubungan relatif lebih kuat dibandingkan tax transparency. Nilai koefisien determinasi (R²) sebesar 0,604 mengindikasikan bahwa kedua variabel mampu menjelaskan 60,4% variasi perceived firm value, sedangkan 39,6% sisanya tidak dijelaskan oleh model penelitian. Temuan ini menegaskan pentingnya transparansi perpajakan dan pengungkapan keberlanjutan dalam membentuk persepsi positif terhadap nilai perusahaan. Secara praktis, penelitian ini memberikan implikasi bagi manajemen perusahaan manufaktur untuk meningkatkan kualitas keterbukaan informasi perpajakan dan ESG guna memperkuat akuntabilitas, kredibilitas, serta kepercayaan pemangku kepentingan.
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