The Impact of Institutional Ownership and a Firm's Size on Firm Value: Tax Avoidance as a Moderating Variable

Vince Ratnawati ()
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Vince Ratnawati: Economic Faculty, Universitas Riau, Pekanbaru, Indonesia Author-2-Name: Azhari.S Author-2-Workplace-Name: Economic Faculty, Universitas Riau, Pekanbaru, Indonesia Author-3-Name: Desmond Freddy Author-3-Workplace-Name: Economic Faculty, Universitas Riau, Pekanbaru, Indonesia Author-4-Name: Nita Wahyuni Author-4-Workplace-Name: Economic Faculty, Universitas Riau, Pekanbaru, Indonesia

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Abstract: "Objective �The objective of this study is to investigate how institutional ownership and firm size affect firm value. The study also investigates the moderating effect of tax avoidance on the relationship between institutional ownership and the size of a firm on its value. Methodology/Technique �A model was developed and tested using a sample of 66 manufacturing companies listed on the Indonesian Stock Exchange between 2012 and 2014. Findings �The data was collected and analysed using a least square regression and moderated regression analysis. The analysis shows that institutional ownership and firm size affect firm value. The results also indicate that tax avoidance moderates the effect of institutional ownership and that of a firm's size on its value"

Keywords: "Institutional Ownership; Firm Size; Tax Avoidance; Firm Value" (search for similar items in EconPapers)
JEL-codes: G30 G32 G39 (search for similar items in EconPapers)
Pages: 8
Date: 2018-03-21
New Economics Papers: this item is included in nep-cfn and nep-sea
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Citations: View citations in EconPapers (1)

Published in Journal of Finance and Banking Review, Volume 3, Issue 1

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