The Effect of Tax Planning and Good Corporate Governance on Firm Value

Abstract

This study investigates how tax planning and Good Corporate Governance influence firm value among consumer non‑cyclical companies listed on the Indonesia Stock Exchange between 2021 and 2024. The research population included all such firms on the IDX during the period, and purposive sampling based on set criteria yielded 51 companies and 198 observations. Using panel data regression in EViews 13, the analysis found that, individually, tax planning, independent commissioners, the audit committee, institutional ownership, and managerial ownership do not significantly affect firm value. In contrast, when considered together, tax planning and Good Corporate Governance have a significant effect on firm value. This indicates that while no single independent variable shows a significant individual impact, their combined influence helps explain changes in firm value.