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"Akibat adanya perlambatan ekonomi, pemerintah mengeluarkan kebijakan penurunan tarif PPh atas revaluasi aktiva tetap. Skripsi ini meneliti tentang evaluasi kebijakan insentif PPh atas revaluasi aktiva tetap dan faktor penghambat penerapan insentif tersebut. Penelitian ini bersifat kuantitatif deskriptif dengan teknik analisis data kualitatif. Hasil penelitian menunjukkan bahwa kebijakan insentif PPh atas revaluasi aktiva tetap tidak memenuhi 4 dimensi dan telah terpenuhi 2 dimensi evaluasi kebijakan. Selama penerapan kebijakan ini pun terdapat faktor penghambat yaitu, kesulitan dalam proses penilaian, kesulitan dalam proses administrasi, dan kesulitan dalam pencatatan. Dalam memberikan insentif sebaiknya pemerintah memperhatikan pengukuran tax expenditure sehingga dapat tercapai harmonisasi dan sinkronisasi kebijakan.

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Due to economic slowdown, the government issued a policy to decrease the income tax rate of fixed asset revaluation. This research examines to evaluate the income tax incentive policy of fixed asset revaluation and analyze the inhibiting factors of applying such incentive. This research is quantitative descriptive with qualitative data analysis technique. The result of this research shows that the income tax incentive policy of fixed asset revaluation unfulfilled the 4 dimensions and fulfilled 2 dimensions of policy evaluation. During the application of this policy, there are some inhibiting factor, such as difficulties in the assessment process, difficulties in the administration process, and difficulties in entry process. The advice given is in providing incentives the government should pay attention to the measurement of the tax expenditure in order to achieve harmonization and synchronization of policies. "

"Penelitian ini bertujuan untuk mengetahui pengaruh struktur modal terhadap performa perusahaan konstruksi di Bursa Efek Indonesia (BEI) setelah implementasi regulasi pajak penghasilan final pada periode 2008-2019. Penelitian ini menggunakan sampel yang berasal dari 17 perusahaan konstruksi. Jenis data pada penelitian ini adalah unbalanced panel data yang diolah menggunakan regresi data panel fixed effect model dan fixed effect robust least square model. Temuan menunjukkan struktur modal memiliki pengaruh negatif signifikan terhadap performa perusahaan konstruksi setelah implementasi regulasi pajak penghasilan final. Perusahaan konstruksi besar dengan imbal hasil harga saham positif berpotensi memiliki peforma perusahaan yang lebih baik. Implementasi regulasi pajak penghasilan final terbukti menjadi hambatan bagi performa perusahaan.

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This study aims to examine the impact of capital structure on construction companies performance in Indonesia Stock Exchange (IDX) after the final income tax regulation implementation for period 2008-2019 . The research sample consists of 17 construction companies using the panel data multivariate regression. Types of data of this research is unbalanced panel data which is processed using fixed effect model and fixed effect robust least square model. Findings indicate the capital structure has a statistically significant negative effect on construction companies performance after the final income tax regulation implementation. The size of the company, stock price return, and the implementation of new final income tax regulations have a significant control influence on company performance."

"This book contains a high-level collection of papers by some of today's leading distributional analysts. The chapters are well-chosen and are written by respected authors with international profiles. The book will be highly valued as a reference work, by research economists and practitioners, as well as by postgraduate students and professors at universities where distributional measurement theory and application is dealt with at the PhD level.' - Peter Lambert, University of Oregon, "

"Tesis ini membahas determinan struktur modal secara teori dan empiris pada perusahaan manufaktur Indonesia dengan fokus pada teori pecking-order. Tujuan utama penelitian ini adalah mengidentifikasi apakah determinan struktur modal perusahaan manufaktur Indonesia mampu dijelaskan oleh teori pecking-order. Analisis dilakukan pada book leverage perusahaan manufaktur Indonesia dengan sampel 92 perusahaan yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2007 hingga 2011 dengan menggunakan analisis data panel. Penelitian ini menemukan bahwa size, profitability dan free cash flow berpengaruh negatif terhadap leverage, sedangkan growth dan tangibility berpengaruh positif terhadap leverage. Non debt tax shield dan risk ternyata tidak berpengaruh signifikan terhadap leverage namun bernilai negatif. Variabel funding-gap sebagai unsur hirarki pendanaan perusahaan terbukti memberikan pengaruh negatif signifikan sehingga mendukung ekspektasi teori pecking-order di dalam struktur modal. Pada semua uji juga membuktikan bahwa hutang masa lampau mempengaruhi hutang saat ini yang ditandai dengan time-lag, sehingga terbukti adanya pengaturan dinamis pada hutang. Berdasarkan hasil tersebut dapat disimpulkan bahwa determinan struktur modal perusahaan manufaktur Indonesia dapat dijelaskan oleh teori pecking-order.

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This thesis explores the determinants of capital structure theory and empirical in Indonesian manufacturing company with a focus on the pecking order theory. The main purpose of this study is to identify the determinants of capital structure in Indonesian manufacturing company which can be explained by the pecking order theory. Analysis was performed on book leverage manufacturing company in Indonesia with a sample of 92 companies listed in Indonesia Stock Exchange (IDX) during the period 2007 to 2011 using panel data analysis. This study found that size, profitability and free cash flow have negative effect on leverage, while growth and tangibility have positive effect on leverage. Besides, non debt tax shield and risk have not significant influence, but in accordance with the pecking order theory has a same result which is negative. Analysis of funding-gap variable as an element of corporate financing hierarchy in pecking order theory which proved has a negative effect in the capital structure of Indonesian manufacturing firms. All test also prove that the debt of the current debt is affected by past debt which is characterized by time-lag, so it proved a dynamic setting in leverage. Based on these results, it can be concluded that the determinants of capital structure of Indonesian manufacturing firms can be explained by the pecking- order theory."