명성비용과 공격적 조세회피 및 기업가치의 관계

황보영,정규언 한국세무학회 2021 세무학 연구 Vol.38 No.4

This study verifies whether more reputation expenses are spent in order to compensate for the adverse effects of aggressive tax avoidance;and whether the economic effects of reputation results in an increased firm value when more reputation expenses are spent. The act of aggressive tax avoidance showed a significant positive relationship with reputation expenses. This means that, when businesses aggressively avoid taxes, they spend more on reputation expenses in offsetting the negative effects incurred by the tax avoidance itself. Businesses with an increased risk of tax avoidance detection due to aggressive tax avoidance seem to lower their risk of tax audit by increasing reputation expenses to form and maintain a good reputation. A firm’s value also had a significant positive relationship to its reputation expenses. Since the act of increasing reputation expenses attracts more investors, and given that a price premium derived from a good reputation is reflected in the stock price, the firm’s value is positively affected. There was a significant negative relationship between the firm’s value and aggressive tax avoidance. Because aggressive tax avoidance increases the risk of detection, it increases uncertainty in reference to a firms’ future cash flows. Thus, it seems that the market perceives aggressive tax avoidance as negative. The contribution of this study is that it explains the importance of reputation in the context of aggressive tax avoidance and how it is used and explains the reasons for the reputation expenditure by analyzing the economic effects of reputation. 본 연구는 공격적 조세회피에 따른 부정적인 효과를 상쇄하고자 명성비용을 더 많이 지출하는지, 명성비용을 더 많이 지출하면 명성의 경제적 효과로 기업가치가 증가하는지 검증하였다. 유가증권시장(KOSPI) 및 코스닥증권시장(KOSDAQ)에 등록된 기업으로 2000년부터 2019년까지 총 20년 기간의 자료 중 분석조건을 충족하는 표본을 활용하였으며, 명성비용은 황보영과 정규언(2019)의 연구에서 사용한 명성비용 측정방법에 광고대행수수료와 판매촉진비를 추가하고 산업별․연도별로 표본을 구분하여 회귀함으로써 명성비용을 보다 정확하게 포착하고자 노력하였다. 실증분석결과는 다음과 같다. 첫째, 기업이 공격적으로 조세회피를 하는 경우 명성비용을 더 많이 지출하는 것으로 나타났다. 이는 과세당국으로부터 세무조사 대상으로 선정되어 조세회피가 적발될 가능성이 증가하기 때문에 기업입장에서는 좋은 기업명성을 형성하고 유지함으로써 과세당국의 세무조사 가능성을 낮추고, 향후 명성훼손에 대비하고자 명성비용을 더 많이 지출하는 것으로 해석할 수 있다. 둘째, 기업이 명성비용 지출을 늘리면 기업가치가 증가하는 결과가 나타났다. 셋째, 공격적 조세회피는 기업가치에 부정적인 영향을 미치는 것으로 나타났다. 그리고 일부 모형에서 명성비용 지출은 공격적 조세회피가 기업가치에 미치는 부정적인 영향을 완화시키는 것으로 나타났다. 본 연구에서는 명성의 경제적 효과를 분석함으로써 기업의 명성비용 지출의 이유와 명성을 어떻게 활용하는지 설명하였다는 점에서 공헌점이 있다.

연노출 남자 근로자 코호트에서 고혈압 발생률에 관한 연구

황보영,김용배 순천향의학연구소 2006 Journal of Soonchunhyang Medical Science Vol.12 No.1

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포스타 전시 발표 : 내분비-대사,신장 ; Carbamazepine에 의한 급성 간질성 신염 및 담즙 정체성 간염 1예

황보영,이명렬,이상호,이태원,임천규,김명재 대한내과학회 2004 대한내과학회 추계학술발표논문집 Vol.2004 No.1

온라인 음악산업의 법적 문제

황보영 서울대학교 기술과법센터 2005 Law & technology Vol.1 No.1

The Internet, revolution referred to as the greatest media medium revolution since the discovery of the printing technology, discovery of typography has given birth to various legal issues in the field of intellectual property rights. Specifically, regulating the usagerelationship between copyright holders and users of their contents has recently been the focus central theme in copyright legislative regime. This article thesis places a focus on the interpretation of the rights of and their usage the relationship between copyright holders and content users in light of the recent technological developments in the copyright legislative regime relating to the music industry, and provides the author's perspective on resulting from the change of technologies in the copyright legislative system, particularly, related to the music industry, the issues that emerged from the music industry and on study of problems in view of business-people over the many years during which the author had worked with leading communications companies, Internet companies, electronic appliance manufacturers, and content providers in Korea. Also, this article thesis also reviews has studied the main issues that emerged from the Soribada case, the largest dispute in the on-line music industry, in which the author was personally involved as legal counsel to the Soribada system operator. Soribada case which was the largest issue in the field of on-line music industry and as a legal working staff on the legal execution process and the content of refutation thereof, so as to catch the core of the refutation. This article thesis is divided into three parts - (1) Part One examines the on-line music industry by looking at its characteristics and possible effects on that is, the contemplation of the on-line music industry about features of the on-line music industry and about what effects the on-line music industry causes to other content markets in the future (2) Part Two discusses various legal issues arising in that the on-line music industry raised, including those related to (i) the right to reproduction, (ii) the right of transmission, (iii) the liabilities responsibility of service providers, (iv) private use, (v) contributory infringement, aiding and abetting and (vi) technological developments of technologies and program production; and (3) Part Three provides the analysis of the Soribada case and the Bugs Music case, which are two representative the P2P case and the streaming cases, and the author's opinion on the legal issues in the on-line music industry which emerged from the aforementioned cases.

만성골수백혈병 환자에서 발생한 조기위암의 내시경 점막하박리술 1예

황보영,장재영,심재준,동석호,김효종,김병호,장영운,장린 대한소화기내시경학회 2009 Clinical Endoscopy Vol.38 No.5

Synchronous double malignancies of early gastric cancer and chronic myelogenous leukemia (CML) are very rare. There are few reports regarding the effect of the CML or imatinib on stomach cancer, and it is difficult to make a decision for the proper timing of treatment for early gastric cancer (EGC) in a patient with CML. A 56-year-old man was diagnosed with early gastric cancer. During the evaluation of his disease, he was also diagnosed as having Philadelphia chromosome positive chronic myleogenous leukemia. He started to take 400 mg of imatinib per day. Two weeks later, he underwent endoscopic submucosal dissection (ESD) for the early gastric cancer. Although there was a bleeding complication, complete resection was successfully performed. ESD is an effective treatment modality for EGC in CML patients, but physicians should keep a watchful eye for bleeding complications after the procedure. Further studies and more experience are needed to determine the proper timing of treatment for these patients. 만성골수백혈병과 조기위암이 동시에 진단된 사례는 매우 드물다. 이 경우 조기위암에 대한 적절한 치료방법 및 치료시기를 결정하기가 어렵고, 만성골수백혈병 자체나 초기 치료제로 정립된 imatinib 투여가 위암 병변에 어떻게 작용하는지, 내시경 점막절제술을 통한 치료에 있어 어떤 영향을 미치는지 잘 알려져 있지 않다. 저자들은 다발성 원발암으로 조기위암과 만성골수백혈병이 동시에 진단되어, imatinib투여 2주 후 내시경 점막하박리술을 통해 병변을 성공적으로 제거하였으나, 내시경 치료 1년 후 림프절 전이가 발견되어 추가적 수술 시행하였던 1예를 경험하였기에 문헌고찰과 함께 보고한다.

염 보조 초음파 분무 열분해 공정을 이용한 BaTiO₃ 나노입자의 합성과 광학적 성질

황보영,이영인,Hwangbo, Young,Lee, Young-In 한국분말야금학회 2017 한국분말재료학회지 (KPMI) Vol.24 No.4

The structural formation of inorganic nanoparticles dispersed in polymer matrices is a key technology for producing advanced nanocomposites with a unique combination of optical, electrical, and mechanical properties. Barium titanate ($BaTiO_3$) nanoparticles are attractive for increasing the refractive index and dielectric constant of polymer nanocomposites. Current synthesis processes for $BaTiO_3$ nanoparticles require expensive precursors or organic solvents, complicated steps, and long reaction times. In this study, we demonstrate a simple and continuous approach for synthesizing $BaTiO_3$ nanoparticles based on a salt-assisted ultrasonic spray pyrolysis method. This process allows the synthesis of $BaTiO_3$ nanoparticles with diameters of 20-50 nm and a highly crystalline tetragonal structure. The optical properties and photocatalytic activities of the nanoparticles show that they are suitable for use as fillers in various nanocomposites.

밝고 건강한 노동의 웃음을 기다리며

황보영 한국외국어대학 학도호국단 1992 외대 Vol.30 No.1

초음파 분무 열분해 공정을 이용한 TiOF₂ 분말의 합성과 광학적 성질

황보영,이영인,Hwangbo, Young,Lee, Young-In 한국분말야금학회 2016 한국분말재료학회지 (KPMI) Vol.23 No.4

$TiOF_2$, which has remarkable electrochemical and optical properties, is used in various applications such as Li-ion batteries, electrochemical displays, and photocatalysts. In addition, it is possible to utilize the template which is allowed to synthesize fluorine doped $TiO_2$ powders with hollow or faceted structures. However, common synthesis methods of $TiOF_2$ powders have some disadvantages such as the use of expensive and harmful precursors and batchtype processes with a limited production scale. In this study, we report a synthetic route for preparing $TiOF_2$ powders by using an inexpensive and harmless precursor and a continuous ultrasonic spray pyrolysis process under a controlled atmosphere to address the aforementioned problems. The synthesized powder has an average size of $1{\mu}m$, a spherical shape, a pure $TiOF_2$ phase, and exhibits a band-gap energy of 3.2 eV.

Clinical experiences of performing transforaminal balloon adhesiolysis in patients with failed back surgery syndrome -two cases report-

황보영,고홍석,서정훈,신진우,임정길,이재도 대한마취통증의학회 2014 Korean Journal of Anesthesiology Vol.66 No.2

Epidural fibrosis is a contributing factor to the persistent pain that is associated with failed back surgery syndrome (FBSS) and other pathophysiologies, particularly as it inhibits the passage of regional medications to areas responsible for pain. Therefore, effective mechanical detachment of epidural fibrosis can contribute to pain reduction and improve function in FBSS patients. In this report, we describe the successful treatment of FBSS patients with epidural adhesiolysis using a Fogarty catheter via the transforaminal approach.

프룬-벨리 증후군 환자의 마취관리 -증례 보고-

황보영,김유경,박지현,박준영,서영주,방지연,정성문,황재현 대한마취통증의학회 2009 Anesthesia and pain medicine Vol.4 No.1

Prune-belly syndrome is characterized by absent abdominal wall musculature with wrinkled overlying skin, urinary tract dilatation and cryptorchidism. Prune-belly syndrome is also associated with diseases of the respiratory, cardiovascular, skeletal, gastrointestinal and central nervous system. Because the congenital disease is uncommon, it is difficult to collect the information of anesthetic management of prune-belly syndrome. We report a case of 4 year-old-boy with prune-belly syndrome who underwent abdominoplasty and Mitrofanoff operation under general anesthesia.