Issue

Vol. 12 No. 2 (2025): December

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Submitted
4 July 2025
Accepted
3 March 2026
Published
31 December 2025

Copyright (c) 2025 Ahmad Junaidi, Rina Yuniarti, Pedi Riswandi (Author)

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This work is licensed under a Creative Commons Attribution 4.0 International License.

Corporate Scale, Financial Policy, and Tax Aggressiveness: A Panel Study of Southeast Asian Listed Firms

https://doi.org/10.24252/minds.v12i2.59031
Ahmad Junaidi
Universitas Muhammadiyah Bengkulu, Indonesia
Rina Yuniarti
Universitas Muhammadiyah Bengkulu, Indonesia
Pedi Riswandi
Universitas Prof. Dr. Hazairin, S.H., Indonesia

Corresponding Author(s) : Ahmad Junaidi

[email protected]

Jurnal Minds: Manajemen Ide dan Inspirasi, Vol. 12 No. 2 (2025): December

Abstract

This study investigates the effects of profitability, leverage, and firm size on corporate tax avoidance among publicly listed food and beverage firms in two comparable emerging economies over a five-year observation period. It contributes to the tax avoidance literature by providing a cross-country, single-industry panel analysis that isolates structural firm attributes from short-term financial indicators within similar regulatory environments. Using purposive sampling and panel data regression with a Random Effect Model, the results reveal that profitability and leverage do not significantly influence tax avoidance, whereas firm size demonstrates a positive and significant association, indicating that larger firms possess greater structural capacity to engage in tax planning strategies. These findings imply that tax authorities should strengthen structural monitoring and regulatory scrutiny of large firms rather than focusing predominantly on financial performance metrics when addressing corporate tax avoidance.

Keywords

Corporate tax avoidance Firm size Profitability Leverage Emerging economies
Junaidi, A., Yuniarti, R., & Riswandi, P. (2025). Corporate Scale, Financial Policy, and Tax Aggressiveness: A Panel Study of Southeast Asian Listed Firms. Jurnal Minds: Manajemen Ide Dan Inspirasi, 12(2), 811–820. https://doi.org/10.24252/minds.v12i2.59031
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Author Biographies

Ahmad Junaidi, Universitas Muhammadiyah Bengkulu

Accounting Department

Rina Yuniarti, Universitas Muhammadiyah Bengkulu

Accounting Department

Pedi Riswandi, Universitas Prof. Dr. Hazairin, S.H.

Accounting Department

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