PENGARUH PENGHINDARAN PAJAK, KEPEMILIKAN INSTITUSIONAL, PROFITABILITAS TERHADAP BIAYA UTANG PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BEI

Abstract

The cost of debt is calculated as the interest expense paid by the company in a one year period divided by the average number of long-term and short-term loans that bear interest during the year. The population in this study were all companies in the food and beverage sector listed on BEI, while the samples that met the criteria for sampling were observed for five years and as many as eight companies in the food and beverage sector were listed on the Indonesia Stock Exchange. Data collection techniques in this study using documentation techniques. The analysis technique used is multiple linear regression analysis, hypothesis testing and coefficient of determination. The results show that partially tax avoidance has no significant effect on the cost of debt, while partially institutional ownership and profitability have a significant effect on the cost of debt and simultaneously tax avoidance, institutional ownership and profitability have a significant effect on the cost of debt in food and beverage companies listed in BEI.