회계이익과 과세소득의 차이가 이익의 질에 미치는 영향 = The Effect of Book - Tax Differences on Earnings Quality

국문 초록 (Abstract)

본 연구는 회계이익과 과세소득의 차이가 이익의 질의 중요한 요소인 이익지속성과 어떤 관계를 갖는지를 연구하였다. 더 나아가서 회계이익은 발생액과 현금흐름의 합으로 구성되어 있으므로 이익지속성을 발생액지속성과 현금흐름지속성으로 나누어 이익지속성과의 관련성을 분석하였다.
1999년부터 2002년까지 한국증권거래소에 상장되어 있는 기업으로서 본 연구에 필요한 재무자료를 얻을 수 있고 자료 구분이 제대로 된 12월 결산법인 중에서 금융업을 제외한 1,274개 기업을 대상으로 실증분석을 수행한 결과, 1) 회계이익과 과세소득의 차이가 큰 기업의 이익지속성은 차이가 작은 기업의 이익지속성보다 낮게 나타났으며, 2) 이익지속성을 현금흐름지속성과 발생액 지속성으로 나누어 두 집단을 비교했을 때 역시 차이가 많은 집단의 이익지속성이 차이가 작은 집단에 비해서 낮게 나타났다. 이러한 실증분석결과는 기업의 회계이익과 과세소득의 차이는 그 기업의 이익지속성 나아가 이익의 질에 영향을 미친다는 선행연구와 일치한다. 본 연구는 Sloan(1996)과 Hanlon(2003)의 연구에서 밝힌 바와 같이 회계이익과 과세소득의 차이가 이익지속성에 미치는 영향을 살펴보고, 이익지속성을 이익의 구성요소별로 나누어 그 관계성을 살펴봄으로서 기존의 연구범위를 확장하였다.

다국어 초록 (Multilingual Abstract)

This study analyzes whether firms that have book-tax difference effect to earnings quality. This study also investigates whether the role of book-tax differences in indicating the persistence of earnings, accruals. Hanlon(2003) documents that the level of book-tax differences influences firms, earnings quality. Based on empirical evidence in Hanlon(2003), firm-years with large book-tax differences have earnings which are less persistent than firm-years with small book-tax differences. Following Hanlon(2003) and Sloan(1996), I consider two components in which earnings quality likely occurs: the persistence of earnings and accruals. The 1,274 Korea Stock Exchange(KSE) firm-year observations are selected as a test sample and an analysis period is 4 years(1999-2002).
The results indicate that firm-years with large book-tax differences(LBTD) have lower persistence of earnings and accruals than small book-tax differences(SBTD). Thus, the evidence shows that firms use temporary book-tax differences to increase earnings. The results also indicate that firm-years with large negative book-tax differences(LNBTD) have lower persistence of earnings and accruals than small book-tax differences. This means that in case of more taxable income than book income, firms generally have not stress about scale of taxable income. Accordingly, reversal effects appear to next firm-year. However, contrary to my expectations, large positive book-tax differences(LPBTD) are not related to the persistence of earnings and accruals. This means that in case of more book income than taxable income, firms have much stress about decreasing the gap between book income and taxable income. Overall, the results support the usefulness of book-tax differences as a reliable metric to influence earnings quality. These findings are expected to be of interest to tax policy makers, standard-setters, academic researchers, investors and firms, accountants.

목차 (Table of Contents)

• <요약>
• Ⅰ. 서론
• Ⅱ. 이론적 배경
• Ⅲ. 선행연구의 검토 및 가설설정
• Ⅳ. 표본선정과 연구방법
• Ⅴ. 실증분석결과
• Ⅵ. 결론
• 참고문헌
• Abstract

참고문헌 (Reference)

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2 백원선, "이익지속성 및 가치평가" 한국회계학회 29 (29): 1-27, 2004

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5 이종천, "이연법인세회계의 정보효과에 관한 실증적 연구" 한국회계학회 27 (27): 31-56, 2002

6 이화진, "이연법인세의 가치평가와 기업의 자본비용 회계학연구" 한국회계학회 26 (26): 165-194, 2001

7 전규안, "이연법인세와 이익조정에 관한 연구" 한국회계학회 27 (27): 1-29, 2002

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11 고종권, "세금비용과 비세금비용이 재무보고이익과 세무보고이익의 차이에 미치는 영향" 한국회계학회 28 (28): 75-103, 2003

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19 "The results indicate that firm-years with large book-tax differences have lower persistence of earnings and accruals than small book-tax differences the evidence shows that firms use temporary book-tax differences to increase earnings. The results also indicate that firm-years with large negative book-tax differences have lower persistence of earnings and accruals than small book-tax differences. This means that in case of more taxable income than book income firms generally have not stress about scale of taxable income. Accordingly reversal effects appear to next f"

20 "The results indicate that firm-years with large book-tax differences have lower persistence of earnings and accruals than small book-tax differences the evidence shows that firms use temporary book-tax differences to increase earnings. The results also indicate that firm-years with large negative book-tax differences have lower persistence of earnings and accruals than small book-tax differences. This means that in case of more taxable income than book income firms generally have not stress about scale of taxable income. Accordingly reversal effects appear to next f"

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