재량적발생액과 조세혜택의 상호작용이 회계이익과 과세소득의 차이에 미치는 영향

The number of fraud cases have been increasing all around the world, including Korea. Fraud (or creative) accounting is not a new technique, but it can certainly be a costly one. Businesses feel the pressure to appear profitable in order to attract investors and resources, but deceptive or fraudulent accounting practices often lead to drastic consequences. The governments tried to solve the problem politically, economically, and legalistically. This study examines empirically the influence of discretionary accruals－tax subsidy interaction on the book－tax earnings difference. The major findings of this paper are as follows. Discretionary accruals and tax subsidy is positively associated with book－tax earnings difference, but interaction term for firm's discretionary accruals and tax subsidy is negatively associated with book－tax earnings difference. The reuslt indicates that if the manager decides on after due consideration of reporting profits and the burden of taxation simultaneously, interaction term is positively associated with book－tax earnings difference. But, if they focus on the other side, because of trade off relation of reporting profits and tax burden, interaction term is negatively associated with book－tax earnings difference.