The Role of Good Corporate Governance in Moderating the Impact of Tax Avoidance, Profitability, and ESG Disclosure on Firm Value: Evidence from Banking Sector Companies Listed on the Indonesia Stock Exchange (2021–2023)

Abstract

This study examines the effects of tax avoidance, profitability, and ESG disclosure on company value, with good corporate governance (GCG) as a moderating variable. Using a quantitative approach with secondary data from banking sector companies listed on the Indonesia Stock Exchange (BEI) during 2021–2023, the study analyzes financial statements and sustainability reports. Analysis techniques include descriptive statistics, classical assumption tests, direct influence tests, and moderated regression analysis (MRA) via Eviews Program Version 12. Results indicate that tax avoidance and ESG disclosure do not affect company value, while profitability positively impacts it. GCG weakens the negative effect of tax avoidance on company value but does not moderate the effects of profitability or ESG disclosure.