THE EFFECT OF TAX AVOIDANCE AND GOOD CORPORATEGOVERNANCE ON THE COST OF DEBT IN THE COMPANYCONSUMER GOODS INDUSTRY

ABSTRACT : This study aims to analyze the effect of tax avoidance, institutional ownership, managerial ownership, independent commissioners on the cost of debt in consumer goods and industrial companies listed on the Indonesia Stock Exchange for the 2016-2020 period (IDX). Tax avoidance, institutional ownership, managerial ownership, and independent board of commissioners are set as independent variables while the dependent variable is the cost of debt. A total of 6 companies were used as the research population by taking data on financial statements that exist in industrial goods and consumption companies listed on the IDX. Sampling using purposive sampling obtained a number of 30 samples. Here the research uses a quantitative approach, the type of research is descriptive. The technique used is purposive sampling technique. Statistical analysis used is multiple linear regression.The results show that the independent board of commissioners individually has an effect on the cost of debt, while tax avoidance, institutional ownership, and managerial ownership do not affect the cost of debt. Simultaneously tax avoidance, institutional ownership, managerial ownership, the board of commissioners have a significant and significant effect on the cost of debt.

KEYWORDS: Cost of Debt, Tax Avoidance, Institutional Ownership, Managerial Ownership, Independent Board of Commissioners