THE INFLUENCE OF INFORMATION ASYMMETRY, EARNINGS QUALITY AND TAX AVOIDANCE ON COMPANY VALUE

Abstract

This study aims to examine the effect of information asymmetry, Earnings Quality and Tax Avoidance on Company Value (Empirical Study on Manufacturing Companies in the Food and Beverage Sub-Sector Listen on the IDX for the Period 2019-2023). Firm value is an often associated with stock prices. The sample of this study was determined using a purposive sampling technique covering 21 companies with a total of 110 observations. Secondary data were collected from audited annual reports and stock prices obtained from Yahoo Finance. The data analysis method used is panel data regression and descriptive statistics with the Stata 12 program. The result of simultaneous testing shows that information asymmetry, earning quality and tax avoidance simultaneously have a significant effect on firm value, with a determination coefficient value of 23.12%. Partially, information asymmetry has no significance, earning quality has a significant positive effect and tax avoidance has a significant positive effect on company value.