ABSTRAKElvis Nopriyanti Sherly, Desi Fitria; Penelitian ini bertujuan untuk mengetahui pengaruh Penghindaran Pajak, Kepemilikan Institusional, dan Profitabilitas terhadap Biaya Hutang. Sampel dalam penelitian terdiri dari 71 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dari tahun 2011-2015 dengan metode purposive sampling. Hasil penelitian ini menunjukkan bahwa penghindaran pajak berpengaruh negatif terhadap biaya hutang. Semakin kecil Cash Effective Tax Rate maka biaya hutang (Cost of Debt) akan semakin besar. Hasil penelitian ini juga menunjukkan kepemilikan institusional tidak berpengaruh terhadap biaya hutang. Selanjutnya, hasil penelitian profitabilitas yang diproksikan dengan Return on Assets (ROA) berpengaruh negatif terhadap biaya hutang artinya semakin tinggi profitabilitas perusahaan maka perusahaan akan memiliki dana internal yang tinggi yang dapat digunakan dalam pembiayaan sehingga penggunaan hutang semakin kecil yang menyebabkan biaya hutang juga menjadi kecil. ABSTRACT Elvis Nopriyanti Sherly, Desi Fitria;The purpose of this study is to prove the effect of tax avoidance, institutional ownership, and profitability on cost of debt. The sample consisted of 71 manufactured firms in listed in Indonesian Stock Exchange from 2011-2015 by using a purposive sampling method. The results of the study showed that the tax avoidance had negative effect on cost of debt. The meaning is getting smaller Cash Effective Tax Rate the cost of debt incurred greater. The results of this study also showed that the institutional ownership doesn't had effect on cost of debt. Furthermore, the result of Return on Assets (ROA) as proxy profitability had a negative effect on cost of debt. The meaning that the higher the profitability of the company then the company will have a high internal funds that can be used in making the use of debt financing is getting smaller which causes the cost of debt also becomes smaller.

The purpose of this study is to prove the effect of tax avoidance, institutional ownership, and profitability on cost of debt.The sample consisted of 71 manufactured firms in listed in Indonesian Stock Exchange from 2011-2015 by using a purposive sampling method.The results of the study showed that the tax avoidance had negative effect on cost of debt. The meaning is getting smaller Cash Effective Tax Rate the cost of debt incurred greater. The results of this study also showed that the institutional ownership doesn’t had effect on cost of debt. Furthermore, the result of Return on Assets (ROA) as proxy profitability had a negative effect on cost of debt. The meaning that the higher the profitability of the company then the company will have a high internal funds that can be used in making the use of debt financing is getting smaller which causes the cost of debt also becomes smaller.

Manajemen usaha merupakan salah satu upaya mengatur segala hal dalam menjalankan usaha sehingga dapat mencapai tujuan-tujuan yang diharapkan. Salah satu tujuan tersebut yaitu meningkatkan daya saing pelaku usaha dodol kopi di desa Sumber Sari Kecamatan Kabawetan kabupaten Kepahiang. Manajemen usaha yang dimaksudkan antaranya yaitu manajemen sumber daya manusia, manajemen pemasaran, dan manajemen keuangan. Dodol merupakan salah satu olahan makanan yang berbahan dasar ketan. Keinovatifan produk ini belum diikuti oleh kemajuan pelaku usaha dodol kopi dalam memanajemen usaha tersebut sehingga daya saing produk dodol kopi ini masih rendah. Kegiatan pengabdian kepada masyarakat ini diikuti oleh 25 orang peserta, yang merupakan pelaku usaha dodol kopi. Kegiatan pengabdian ini dilakukan melalui dua kegiatan yaitu kegiatan penyuluhan dan kegiatan pelatihan manajemen usaha. Kegiatan Pengabdian ini melibatkan mahasiswa sebanyak 5 orang dalam pelaksanaannya. Hasil kegiatan pengabdian menunjukkan antusisme yang tinggi dari pelaku usaha dodol kopi dalam mengikuti kegiatan ini dan meningkatnya pengetahuan dan keterampilan pelaku usaha dodol kopi yang ditunjukkan dengan peningkatan pemahaman pelaku usaha mengenai manajemen sumber daya manusia sebesar 47%, manajemen keuangan meningkat 26%, serta manajemen pemasaran meningkat 45%. Kata kunci: manajemen keuangan, manajemen pemasaran, manajemen sumber daya manusia, pelaku usaha.

This study aims to examine (1) Institutional ownership Against Tax Avoidance and (2) Independent Board of Commissioners Against Tax Avoidance in LQ-45 companies registered in Indonesia Stock Exchange (IDX). This research is quantitative research. The population in this study were all LQ-45 companies listed on the Stock Exchange in 2015-2017. While the sample of this study was determined by purposive sampling method to obtain 29 sample companies. The type of data used is secondary data obtained from www.idx.co.id and sample company websites. The analytical method used is multiple linear regression analysis. Based on the results of multiple linear regression analysis with a significance level of 5%, the results of the study concluded: institutional ownership and independent board of commissioners proved to have a significant effect on tax avoidance. The results of this study, it is suggested to add other variables that are thought to influence tax avoidance such as: audit quality, audit committee, management compensation, and managerial ownership.