기업의 회계이익－세무이익 일치성에 영향을 미치는 특성요인에 관한 실증연구 = An Empirical Study on the Characteristic Factors Affecting Firm’s Book－Tax Conformity

다국어 초록 (Multilingual Abstract)

Almost prior studies conducted on the positive or negative effects of book－tax conformity (hereinafter BTC) have assumed the same level of BTC for all firms in the same country(or industry), and so have the limitation that inter－country(or inter－industry) differences in accounting environment may have affected their empirical results. However, BTC level would vary from firm to firm, which is expected to be affected by the firm’s characteristic factors. Accordingly, this study measures individual firm’s BTC using time－series data from the individual firm, and then tested research hypotheses on factors affecting the BTC for individual firms.
In order to test the research hypotheses for firms listed on the Korean stock market, the t－test, Wilcoxon rank－sum test and regression analysis were conducted, and the main results are as follows. First, the higher the BTC for firms that are more profitable and with the more cash flows from operations, and the lower the BTC for firms with net loss. Second, the lower the BTC for firms with more facility assets and the higher debt ratio, and the higher the BTC for the larger firms.
These empirical results suggest that the BTC measure used in this study adequately reflect the BTC levels of individual firms, and therefore it is needed to expand the subject or scope of empirical research on the positive or negative effects of BTC by using the BTC measure for individual firms.

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