Conceptual Paper Tax Avoidance and Firm Value in Manufacturing Companies: A Case Study for Companies in Indonesia

Abstract

This study aims to offer a conceptual framework for the effect of capital structure, dividend policy, profitability, and tax avoidance on the firm value of manufacturing companies in Indonesia. The signaling theory explains how a company should give signals to the financial statement users, including giving signals to the investor about how the company has future prospects. Several factors that affect firm value proposed in this conceptual paper are capital structure, dividend policy, profitability, and tax avoidance.