Penelitian ini bertujuan untuk menganalisis bagaimana pengaruh profitabilitas, perjanjian utang, tunneling incentive dan mekanisme bonus terhadap keputusan melakukan transfer pricing pada perusahaan sektor energi periode 2018 – 2022 yang terdaftar di Bursa Efek Indonesia (BEI). Metode yang digunakan dalam penelitian ini adalah metode deskriptif dan metode verifikatif dengan jenis data kuantitatif dan kualitatif. Populasi dalam penelitian ini adalah perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia periode 2018 – 2022 sebanyak 76 perusahaan dengan sampel 39 perusahaan. Teknik pengumpulan data yang digunakan adalah observasi nonpartisipan dengan menggunakan uji regresi logistik. Profitabilitas, perjanjian utang, tunneling incentive dan mekanisme bonus secara simultan berpengaruh signifikan terhadap keputusan melakukan transfer pricing. Profitabilitas berpengaruh positif signifikan terhadap keputusan melakukan transfer pricing. Perjanjian utang berpengaruh positif signifikan terhadap keputusan melakukan transfer pricing. Tunneling incentive berpengaruh positif signifikan terhadap keputusan melakukan transfer pricing. Mekanisme bonus berpengaruh positif signifikan terhadap keputusan melakukan transfer pricing.
Kata Kunci: Transfer Pricing, Profitabilitas, Perjanjian Utang, Tunneling Incentive, Mekanisme Bonus

This study aims to analyze the effect of profitability, debt covenant, tunneling incentive and bonus mechanism on the decision transfer pricing to energy sector companies for the 2018 – 2022 listed on the Indonesia Stock Exchange (IDX). The method used in this research is descriptive method and verification method with quantitative data and qualitative data types. The population in this study are energy sector companies listed to on the Indonesia Stock Exchanger (IDX) in 2018 – 2022 an many as 76 companies with a sample of 39 companies. The data collection technique used is non – participant observation using logistic regression test. Profitability, debt covenant, tunneling incentive and bonus mechanism simultaneously have a significant effect on the decision to transfer pricing. Profitability has a significant positive effect on the decision transfer pricing. Debt covenant has a significant effect on the decision transfer pricing. Tunneling incentive has a significant effect on the decision transfer pricing. Bonus mechanism has a significant effect on the decision transfer pricing.
Keyword: Transfer Pricing, Debt Covenant, Tunneling Incentive, Bonus Mechanism