INFLUENCE OF TAX PLANNING AND INTELLECTUAL CAPITAL ON FIRM VALUE WITH INSTITUTIONAL OWNERSHIP AS MODERATION VARIABLES (Empirical Study on Business Index Companies 27 Period 2016 - 2020)

This study aims to determine whether there is an effect of tax planning and intellectual capital on firm value with institutional ownership as a moderating variable in 27 business index companies listed on the Indonesia Stock Exchange for the 2016-2020 period. The method used in this study is a quantitative method. The data used in this study is secondary data obtained from annual reports published by the company through the website www.idx.co.id, with a sampling technique using purposive sampling, so that the sample used in this study amounted to 13 27 business index companies. 2016-2020 with a five year observation period so that 65 samples were obtained in this study. Based on the results of this study, it shows that tax planning and intellectual capital have a simultaneous effect on firm value. The results of the study show that tax planning has a negative and significant effect on firm value. The results showed that intellectual capital did not have a significant effect on firm value. The results of this study also show that institutional ownership cannot moderate tax planning. Meanwhile, institutional ownership can moderate intellectual capital. Keywords: Tax Planning, Intellectual Capital, Institutional Ownership, Firm Valu