Journal of Economic, Finance Research and Review (JEFRR)

The Influence of Media Attention, Environmental Uncertainty, And Investment Opportunity Set on Tax Avoidance

Asih, Puspa Widania, Dewi, Vince Ratnawati, Nurrahma

5 May 2026 · Vol. 2, Issue 5, pp. 271-277

DOI: 10.65150/EP-jefrr/V2E5/2026-01

Abstract

This study aims to analyze the effect of Media Attention, Environmental Uncertainty, and Investment Opportunity Set (IOS) on Tax Avoidance, with Firm Size and Leverage as control variables in manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. Data analysis was conducted using panel data regression with STATA 17 software, after testing the best model and classical assumptions. The results showed that Media Attention and Investment Opportunity Set (IOS) had a significant effect on Tax Avoidance, while Environmental Uncertainty had no effect. The results of testing the control variables showed that Firm Size and Leverage also had no significant effect on Tax Avoidance. The findings of this study indicate that media attention and corporate investment opportunities play a role in influencing corporate tax avoidance policies, while the level of environmental uncertainty and the characteristics of the company's size and financing structure have not been determinants of tax avoidance practices in manufacturing companies in Indonesia. 

Keywords: Media Attention, Investment Opportunity Set, Environmental Uncertainty, Tax Avoidance, Firm Size, Leverage

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Asih, Puspa Widania, Dewi, Vince Ratnawati, & Nurrahma (2026). The Influence of Media Attention, Environmental Uncertainty, And Investment Opportunity Set on Tax Avoidance. Journal of Economic, Finance Research and Review, 2(5), 271-277. https://doi.org/10.65150/EP-jefrr/V2E5/2026-01

@article{Asih2026,
  title   = {The Influence of Media Attention, Environmental Uncertainty, And Investment Opportunity Set on Tax Avoidance},
  author  = {Asih and Puspa Widania and Dewi and Vince Ratnawati and Nurrahma},
  journal = {Journal of Economic, Finance Research and Review},
  year    = {2026},
  volume  = {2},
  number  = {5},
  pages   = {271-277},
  doi     = {10.65150/EP-jefrr/V2E5/2026-01},
  url     = {https://doi.org/10.65150/EP-jefrr/V2E5/2026-01}
}

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