PENGARUH TAX AVOIDANCE, VOLUNTARY DISCLOSURE TERHADAP COST OF DEBT DENGAN DEWAN KOMISARIS SEBAGAI VARIABEL MODERASI (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2017)

Abstract

This study aimed to examine the influence tax avoidance and voluntary
disclosure by board of commissioners. The population taken in this study were
manufacturing companies listed on the Indonesia Stock Exchange in 2015-2017
which amounted to 135 companies. From this population, there were 93
companies as samples in three years. Data obtained using purposive sampling
method and financial distress were measured using the Model z-score. This study
uses moderated regression analysis (MRA), using SPSS 25 software to process
data. The results of the study show that, (1) Tax avoidance had affect on cost of
debt (2) Voluntary disclosure had affect on cost of debt (3) Board of
commissioners able to moderate the affect of tax avoidance cost of debt (4 Board
of commissioners are not able to moderate the affect of voluntary disclosure to
cost of debt.
Keywords : tax avoidance, voluntary disclosure, cost of debt, board of
commissioners.