IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2021-06-38.html
   My bibliography  Save this article

Factors Affecting Tax Incentives of Energy Companies Listed on the Indonesia Stock Exchange

Author

Listed:
  • Tjia Siauw Jan

    (Faculty of Law, Universitas Padjajaran, Bandung, Indonesia.)

  • Zainal Muttaqin

    (Faculty of Law, Universitas Padjajaran, Bandung, Indonesia.)

  • Lastuti Abubakar

    (Faculty of Law, Universitas Padjajaran, Bandung, Indonesia.)

Abstract

This study aims to determine and explain the effect of company size, profitability, leverage, capital intensity, and inventory intensity on tax revenue for the tax amnesty program at energy companies listed on the Indonesia Stock Exchange. This research is a research that uses an associative approach. The sample in this study were 13 energy companies listed on the IDX in the 2013-2017 period which were determined by the Saturation Sampling method. This study uses descriptive statistics, multiple linear regression test for panel data models, hypothesis testing (t-test and F-test) and coefficient of determination as research analysis techniques. The results obtained show that partially the Capital Intensity, Leverage and Company Size affect tax revenue from the Tax Amnesty program, while Inventory Intensity and Profitability do not affect tax revenue from the Tax Amnesty program. Furthermore, Company Size, Inventory Intensity, Capital Intensity, Profitability and Leverage simultaneously affect tax revenue from the Tax Amnesty program. This means that tax revenue for the Tax Amnesty program at energy companies is influenced by company size, inventory intensity, capital intensity, profitability and leverage.

Suggested Citation

  • Tjia Siauw Jan & Zainal Muttaqin & Lastuti Abubakar, 2021. "Factors Affecting Tax Incentives of Energy Companies Listed on the Indonesia Stock Exchange," International Journal of Energy Economics and Policy, Econjournals, vol. 11(6), pages 328-334.
    • Handle: RePEc:eco:journ2:2021-06-38
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/11134/6134
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/11134/6134
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Roman Lanis & Grant Richardson & Grantley Taylor, 2017. "Board of Director Gender and Corporate Tax Aggressiveness: An Empirical Analysis," Journal of Business Ethics, Springer, vol. 144(3), pages 577-596, September.
    2. Villca-Pozo, Milenka & Gonzales-Bustos, Juan Pablo, 2019. "Tax incentives to modernize the energy efficiency of the housing in Spain," Energy Policy, Elsevier, vol. 128(C), pages 530-538.
    3. Muhammad Alishahdani Ibrahim & Rita Myrna & Ira Irawati & J.B. Kristiadi, 2018. "Tax Policy in Indonesian Energy Sectors: An Overview of Tax Amnesty Implementation," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 234-236.
    4. Kraal, Diane, 2019. "Petroleum industry tax incentives and energy policy implications: A comparison between Australia, Malaysia, Indonesia and Papua New Guinea," Energy Policy, Elsevier, vol. 126(C), pages 212-222.
    5. Nur Sayidah & Aminullah Assagaf, 2019. "Tax amnesty from the perspective of tax official," Cogent Business & Management, Taylor & Francis Journals, vol. 6(1), pages 1659909-165, January.
    6. Cansino, José M. & Pablo-Romero, María del P. & Román, Rocío & Yñiguez, Rocío, 2010. "Tax incentives to promote green electricity: An overview of EU-27 countries," Energy Policy, Elsevier, vol. 38(10), pages 6000-6008, October.
    7. Stella, Peter, 1991. "An economic analysis of tax amnesties," Journal of Public Economics, Elsevier, vol. 46(3), pages 383-400, December.
    8. Jeffrey, Cynthia & Perkins, Jon D., 2015. "Reply to Discussion of “The Association between Energy Taxation, Participation in an Emissions Trading System, and the Intensity of Carbon Dioxide Emissions in the European Union”," The International Journal of Accounting, Elsevier, vol. 50(4), pages 427-434.
    9. Jeffrey, Cynthia & Perkins, Jon D., 2015. "The association between energy taxation, participation in an emissions trading system, and the intensity of carbon dioxide emissions in the European Union," The International Journal of Accounting, Elsevier, vol. 50(4), pages 397-417.
    10. Huiming Zhang & Yu Zheng & Dequn Zhou & Peifeng Zhu, 2015. "Which Subsidy Mode Improves the Financial Performance of Renewable Energy Firms? A Panel Data Analysis of Wind and Solar Energy Companies between 2009 and 2014," Sustainability, MDPI, vol. 7(12), pages 1-13, December.
    11. Heffron, Raphael J, 2018. "The application of distributive justice to energy taxation utilising sovereign wealth funds," Energy Policy, Elsevier, vol. 122(C), pages 649-654.
    12. Sun, Chuanwang & Zhan, Yanhong & Du, Gang, 2020. "Can value-added tax incentives of new energy industry increase firm's profitability? Evidence from financial data of China's listed companies," Energy Economics, Elsevier, vol. 86(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Giovanni Carnazza & Thomas I. Renström & Luca Spataro, 2023. "Is public debt environmentally friendly? The role of EU fiscal rules on environmental quality: An empirical assessment," Working Papers 2023.26, Fondazione Eni Enrico Mattei.
    2. Sun, Chuanwang & Zhan, Yanhong & Du, Gang, 2020. "Can value-added tax incentives of new energy industry increase firm's profitability? Evidence from financial data of China's listed companies," Energy Economics, Elsevier, vol. 86(C).
    3. Gulcin Kaya Inceiplik & Onur Simşek, 2024. "Role of Green Taxes on Economic Growth Goals of Sustainable Development Directly and Through Environmental Performance: A System GMM Approach," Journal of Economy Culture and Society, Istanbul University, Faculty of Economics, vol. 69(69), pages 56-65, June.
    4. Radhakrishnan, Suresh & Tsang, Albert & Liu, Rubing, 2018. "A Corporate Social Responsibility Framework for Accounting Research," The International Journal of Accounting, Elsevier, vol. 53(4), pages 274-294.
    5. Provaty, Sagira Sultana & Hasan, Mostafa Monzur & Luo, Le, 2024. "Organization capital and GHG emissions," Energy Economics, Elsevier, vol. 131(C).
    6. Ilya Stepanov & Johan Albrecht, 2019. "Decarbonization And Energy Policy Instruments In The Eu: Does Carbon Pricing Prevail?," HSE Working papers WP BRP 211/EC/2019, National Research University Higher School of Economics.
    7. Cui, Huanyu & Cao, Yuequn, 2023. "How can market-oriented environmental regulation improve urban energy efficiency? Evidence from quasi-experiment in China's SO2 trading emissions system," Energy, Elsevier, vol. 278(C).
    8. Marian Zaharia & Aurelia Pătrașcu & Manuela Rodica Gogonea & Ana Tănăsescu & Constanța Popescu, 2017. "A Cluster Design on the Influence of Energy Taxation in Shaping the New EU-28 Economic Paradigm," Energies, MDPI, vol. 10(2), pages 1-21, February.
    9. Rong He & Le Luo & Abul Shamsuddin & Qingliang Tang, 2022. "Corporate carbon accounting: a literature review of carbon accounting research from the Kyoto Protocol to the Paris Agreement," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(1), pages 261-298, March.
    10. Li-Ming Xue & Shuo Meng & Jia-Xing Wang & Lei Liu & Zhi-Xue Zheng, 2020. "Influential Factors Regarding Carbon Emission Intensity in China: A Spatial Econometric Analysis from a Provincial Perspective," Sustainability, MDPI, vol. 12(19), pages 1-26, October.
    11. Jean Andrei & Mihai Mieila & Gheorghe H. Popescu & Elvira Nica & Manole Cristina, 2016. "The Impact and Determinants of Environmental Taxation on Economic Growth Communities in Romania," Energies, MDPI, vol. 9(11), pages 1-11, November.
    12. Charitou, Andreas, 2015. "Discussion of “The Association Between Energy Taxation, Participation in an Emissions Trading System, and the Intensity of Carbon Dioxide Emissions in the European Union”," The International Journal of Accounting, Elsevier, vol. 50(4), pages 418-426.
    13. Liu, Haiying & Owens, Katharine A. & Yang, Ke & Zhang, Chunhong, 2020. "Pollution abatement costs and technical changes under different environmental regulations," China Economic Review, Elsevier, vol. 62(C).
    14. Carnazza, Giovanni & Renström, Thomas I. & Spataro, Luca, 2023. "Is public debt environmentally friendly? The role of EU fiscal rules on environmental quality: An empirical assessment," FEEM Working Papers 339126, Fondazione Eni Enrico Mattei (FEEM).
    15. Lu, Yun & Ntim, Collins G. & Zhang, Qingjing & Li, Pingli, 2022. "Board of directors’ attributes and corporate outcomes: A systematic literature review and future research agenda," International Review of Financial Analysis, Elsevier, vol. 84(C).
    16. García-Meca, Emma & Ramón-Llorens, Maria-Camino & Martínez-Ferrero, Jennifer, 2021. "Are narcissistic CEOs more tax aggressive? The moderating role of internal audit committees," Journal of Business Research, Elsevier, vol. 129(C), pages 223-235.
    17. Bongsuk Sung & Myoung Shik Choi & Woo-Yong Song, 2019. "Exploring the Effects of Government Policies on Economic Performance: Evidence Using Panel Data for Korean Renewable Energy Technology Firms," Sustainability, MDPI, vol. 11(8), pages 1-19, April.
    18. Mehmet Nar, 2015. "The Effects of Behavioral Economics on Tax Amnesty," International Journal of Economics and Financial Issues, Econjournals, vol. 5(2), pages 580-589.
    19. Machado E Silva, Isabela Morbach & Medeiros Costa, Hirdan Katarina de, 2019. "Brazilian Social Funds: The lessons learned from the Norway fund experience," Energy Policy, Elsevier, vol. 129(C), pages 161-167.
    20. Degirmenci, Tunahan & Yavuz, Hakan, 2024. "Environmental taxes, R&D expenditures and renewable energy consumption in EU countries: Are fiscal instruments effective in the expansion of clean energy?," Energy, Elsevier, vol. 299(C).

    More about this item

    Keywords

    Company Size; Inventory Intensity; Capital Intensity; Profitability; Leverage; Tax Amnesty;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H27 - Public Economics - - Taxation, Subsidies, and Revenue - - - Other Sources of Revenue

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2021-06-38. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.