Pengaruh ESG Disclosure dan Profitabilitas terhadap Tax Avoidance dengan Moderasi Corporate governance pada Perusahaan Non-Keuangan di Bursa Efek Indonesia
DOI:
https://doi.org/10.58192/ebismen.v5i4.4992Keywords:
Corporate Governance, ESG Disclosure, Indonesia Stock Exchange, Profitability, Tax AvoidanceAbstract
This study examines the influence of ESG disclosure and profitability on Tax Avoidance with corporate governance as a moderating variable in non-financial companies listed on the Indonesia Stock Exchange (IDX) during 2021-2025. Using purposive sampling, 26 companies were selected yielding 130 balanced panel observations. ESG disclosure was measured using a 24-item GRI Standards 2021-based index, profitability was proxied by Return on Assets (ROA), and Tax Avoidance was measured by the natural log-transformed Effective Tax Rate (LN_ETR). Corporate governance was proxied by the proportion of independent commissioners (CG1) and institutional ownership (CG2). Hypotheses were tested using Moderated Regression Analysis (MRA) with Fixed Effect Model (FEM) estimation and Cross-Section SUR (PCSE) approach in EViews 12. Results show that ESG disclosure does not significantly affect Tax Avoidance, while profitability has a significant positive effect on Tax Avoidance across all models. Corporate governance does not significantly moderate either the ESG disclosure or profitability relationships with Tax Avoidance. These findings contribute to corporate tax literature in emerging markets by demonstrating that ESG disclosure remains largely symbolic and has not yet reflected substantive fiscal compliance commitment.
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