Examining Profitability: Through The Lens of Board Age Diversity in Indonesian Manufacturing Firms
Article Sidebar
Main Article Content
Abstract
Further insight into the impact of company size, tax planning, and leverage towards profitability through the perspective of board age diversity. Manufacturing companies of various sub-sectors that earn positive income listed on the Indonesia Stock Exchange as per the year under research are the population used. The number of companies used as samples in this study was 23, with three years of observation (2022-2024). The study uses secondary data from their companies' official websites and the Indonesian Stock Exchange. It uses a quantitative method that uses panel data regression analysis and will conduct the Chow and Hausman tests to determine the regression analysis processed with the Eviews 12 application. The research results state that company size positively affects profitability. In line with that, tax planning has a positive effect on profitability as well. Meanwhile, leverage has a negative influence on profitability. It was also found that board age diversity moderates the correlation of company size and tax planning on profitability, so any decision-making process leads to increased profitability. However, board age diversity cannot moderate the relationship between leverage and profitability.
Article Details
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
References
Aida, N. (2021). Work Experience, Obedience Pressure, and Task Complexity on Audit Judgment. Golden Ratio of Auditing Research, 1(2), 61–69. https://doi.org/10.52970/grar.v1i2.51
Ali, F., Wang, M., Jebran, K., & Ali, S. T. (2020). Board diversity and firm efficiency: evidence from China. Corporate Governance (Bingley). 21(4), 587–607. https://doi.org/https://doi.org/10.1108/CG-10-2019-0312
Anjani, F. T. (2019). Pengaruh Diversitas Dewan Komisaris dan Overconfidence Terhadap Tax Avoidance (Survei Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2013 - 2016). Akuntansi Dan Bisnis, 12(9), 1689–1699.
Ayoush, M. D., Toumeh, A. A., & Shabaneh, K. I. (2021). Liquidity, leverage, and solvency: what affects the profitability of industrial enterprises the most? Investment Management and Financial Innovations, 18(3), 249–259. https://doi.org/10.21511/imfi.18(3).2021.22
Brigham, E. F., & J. F. H. (2006). Dasar-dasar Manajemen Keuangan. Salemba Empat.
Chukwudi, U. V., Okonkwo, O. T., & Asika, E. R. (2020). Effect of Tax Planning on the Firm Value of Quoted Consumer Goods Manufacturing Firms in Nigeria. International Journal of Finance and Banking Research, 6(1), 1. https://doi.org/https://doi.org/10.11648/j.ijfbr.20200601.11
Damayanti, T., & Gazali, M. (2019). Pengaruh Capital Intensity Ratio, Leverage, Profitability, Dan Size Terhadap Effective Tax Rate Pada Perusahaan Konstruksi Dan Bangunan Yang Terdaftar Di Bei Tahun 2014-2017. Prosiding Seminar Nasional Pakar, 1–7. https://doi.org/10.25105/pakar.v0i0.4244
Freeman, R. E. (1984). Strategic management: A stakeholder approach. Pitman.
Hambrick, D. C., & Mason, P. A. (1984). Upper Echelons : The Organization as a Reflection of Its Top Managers. Academy of Management Review, 9(2), 193–206. https://doi.org/https://doi.org/10.2307/258434
Iriyadi, I., Tartilla, N., & Gusdiani, R. (2020). The Effect of Tax Planning and Use of Assets on Profitability with Good Corporate Governance as a Moderating Variable. 143(Isbest, 2019), 220–227. https://doi.org/10.2991/aebmr.k.200522.043
Jafar, S. R., & Diana, P. (2020). Agresivitas Pajak Berdasarkan Ukuran Perusahaan, Pendanaan Aset dan Komposisi Aset serta Profitabilitas. ULTIMA Accounting, 12(2), 194–213.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4). https://doi.org/. https://doi.org/10.2139/ssrn.94043
Juniarti, & Jie, F. (2024). Performance of Gender Diversity on the Board of Directors: The Case of Indonesia. Journal of Infrastucture, Policy, and Development, 8(4). https://doi.org/https://doi.org/10.1515/9783110258264.575
Khaled Hosny & Adel Elgharbawy. (2021). Board diversity and financial performance: empirical evidence from the United Kingdom. "Accounting Research Journal, 35(4), 561–580. https://doi.org/10.1108/ARJ-02-2020-0037
Kim, H., & Lim, C. (2010). Diversity, Outside Directors and Firm Valuation: Korean Evidence. Journal of Business Research, 63(3), 284–291. https://doi.org/https://doi.org/10.1016/j.jbusres.2009.01.013
Kurniawati, H., & H. (2020). Pengaruh Jender, Kebangsaan, Latar Belakang Pendidikan, dan Usia Anggota Dewan terhadap Kinerja Keuangan Perusahaan.
Lilis Gustiana, Darmayanti, Y., & Meihendri, M. (2021). Pengaruh Diversitas Dewan Komisaris dan Dewan Direksi Terhadap Kinerja Perusahaan (Studi Empiris: Perusahaan Manufaktur Di BEI Periode 2014-2018). Jurnal Kajian Akuntansi Dan Auditing, 16(1), 68–79. https://doi.org/10.37301/jkaa.v16i1.40
Mardiasmo. (2016). Perpajakan. Edisi Revisi. CV Andi Offset.
Nugraha, N. M., Ramadhanti, A. A., & Amaliawiati, L. (2021). Inflation, Leverage, and Company Size and Their Effect on Profitability. Journal of Applied Accounting and Taxation, 6(1), 63–70. https://doi.org/10.30871/jaat.v6i1.2854
Pangalila, J. L. M. (2020). Pengaruh Leverage Dan Ukuran Perusahaan Terhadap Profitabilitas (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia). 21(1), 1–9.
Putra, A., & Badjra, I. (2015). Pengaruh Leverage, Pertumbuhan Penjualan Dan Ukuran Perusahaan Terhadap Profitabilitas. Pengaruh Leverage, Pertumbuhan Penjualan Dan Ukuran Perusahaan Terhadap Profitabilitas, 4(7), 2052–2067. https://ojs.unud.ac.id/index.php/manajemen/article/view/12700
Putranto, P. (2019). Pengaruh Strategi Diversifikasi, Leverage, dan InflasiTerhadap Profitabilitas Perusahaan Food & Beverage. Jurnal Online Insan Akuntan, 4(2), 185–198.
Rajab, R. A., Taqiyyah, A. N., Fitriyani, F., & Amalia, K. (2022). Pengaruh tax planning, tax avoidance, dan manajemen laba terhadap nilai perusahaan. JPPI (Jurnal Penelitian Pendidikan Indonesia), 8(2), 472. https://doi.org/10.29210/020221518
Ramaiyanti, S., Khoiriyah, M., Zarefar, A., & Afifah, U. (2023). Pengaruh Gender dan Usia Dewan Terhadap Kinerja Keuangan. Akuntansi Dan Manajemen, 18(1), 150–158. https://doi.org/10.30630/jam.v18i1.208
Rivandi, M., & Putra, R. J. (2021). Pengaruh Ukuran Perusahaan, Profitabilitas dan Komite Audit Terhadap Pengungkapan Corporate Social Responsibility. Owner: Riset & Jurnal Akuntansi, 5(2011), 513–524. https://doi.org/https://doi.org/10.33395/owner.v5i2.468
Sari, P. R. P., & Dwirandra, A. A. N. B. (2019). Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Profitabilitas Dengan Intellectual Capital Sebagai Pemoderasi. E-Jurnal Akuntansi, 26(2), 851–880.
Scoot. (2015). Financial Accounting Theory Sevent Edition. United States: Canada Cataloguing.
Sri ayem, A. S. (2019). Pengaruh Profitabilitas, Ukuran Perusahaan, Komite Audit dan Capital Intensity Terhadap Agresivitas Pajak (Studi Pada Perusahaan Perbankan Yang Terdaftar di BEI Periode Tahun 2013-2017). Jurnal Akuntansi Pajak Dewantara. Jurnal Akuntansi Pajak Dewantara, 1((2)), 228-241. https://doi.org/https://doi.org/10.24964/japd.v1i1.905
Supriati, D. (2018). Pengaruh Profitabilitas, Likuiditas, Leverage, dan Ukuran Perusahaan terhadap Price Earning Ratio pada Perusahaan Manufaktur yang Listing di Bursa Efek Indonesia. Jurnal Akuntansi Dan Manajemen, 14(1). http://repository.stei.ac.id/id/eprint/2867
Syabina, A. K., Noviarty, H., & Helmi, S. M. (2024). Do Carbon Performance and Company Size Affect Profitability? Exploring the Moderating Role of Women Directors in Mining Companies. IRJEMS International Research Journal of Economics and Management Studies, 3(9), 367–376. https://doi.org/10.56472/25835238/IRJEMS-V3I9P140
Taufiq, M. (2020). Pengaruh Diversitas Dewan Terhadap Kinerja Keuangan (Studi pada sistem Two-Tier Emiten Sub Sektor Perbankan dan Properti & Real Estate dalam Bursa Efek Indonesia Tahun 2009 - 2018). Universitas Negeri Semarang.
Wagisuwari, K. &. (2023). The influence of gender diversity, proportion of independent commissioners, managerial ability, and company size on tax avoidance. Jurnal Akuntansi Aktual., 10(2), 114–128. https://doi.org/http://dx.doi.org/10.17977/um004v10i22023p114
Wibisono, M. S., Hasanah, N., Nasution, H., & Ulupui, I. G. K. A. (2022). Pengaruh beban pajak tangguhan, profitabilitas, dan leverage terhadap manajemen laba. Jurnal Akuntansi dan Keuangan (JAK), 6(3), 2238–2256. https://doi.org/10.31955/mea.v6i3.2446
Wijaya, L. I., Harjono, J. A., & Mahadwartha, P. A. (2022). Determinants of Profitability for Manufacturing Companies in Indonesia 2018-2019. Jurnal Riset Akuntansi Dan Keuangan, 10(2), 189–198. https://doi.org/10.17509/jrak.v10i2.45199
Winantisan, R. N. N., Tulug, J. E., Rumokoy, L. J., Richarda, O. :, Winantisan, N. N., Tulung, J. E., Rumokoy, L. J., Manajemen, J., Ekonomi, F., & Bisnis, D. (2024). Pengaruh Keberagaman Usia Dan Gender Pada Dewan Komisaris Dan Direksi Terhadap Kinerja Keuangan Perbankan Di Indonesia Periode 2018-2022. Jurnal EMBA, 12(1), 1–12.
Windi Ar, B. M. S., Handajani, L., & Nurabiah, N. (2025). Analysis of The Influence of Green Accounting, Company Size, and Dividend Payout Ratio on Profitability. Golden Ratio of Finance Management, 5(2), 345–357. https://doi.org/10.52970/grfm.v5i2.1152