Pengaruh Pemanfaatan Tax Haven Country, Significant Foreign Ownership, dan Komite Audit terhadap Praktik Thin Capitalization pada Perusahaan Multinasional yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2023-2024

Abstract

This study aims to obtain empirical evidence regarding the effect of tax haven country utilization, significant foreign ownership, and audit committee on thin capitalization practices in multinational companies listed on the Indonesia Stock Exchange (IDX) during the 2023–2024 period. Thin capitalization is a condition in which a company is financed with a higher proportion of debt compared to equity. Thin capitalization is measured using the debt-to-equity ratio. This research employs a quantitative approach. The sampling method used is purposive sampling, resulting in 66 companies that met the criteria with a total of 132 observations. The findings of this study indicate that tax haven country utilization has no effect on thin capitalization practices, significant foreign ownership has a positive and significant effect on thin capitalization practices, and the audit committee has no effect on thin capitalization practices.