기업특성과 이익조정・조세조정 결합행위의 관련성에 관한 연구

The aim of this study was to examine the influence of corporative characteristics upon the joint behavior of earnings management and tax management in a theoretical and empirical way. Study findings are as follows: Tax estimation has a close relationship with an earnings management. In other words, if the tax estimation is greater, they choose negative (-) earnings management strategies(joint behavior 4, 5, and 6). However, if tax estimation is smaller, they choose positive (+) earnings management strategies (joint behavior 1, 2, and 3). The debt ratio has a significant relationship with a tax management. When the debt ratio is greater, they choose positive (+) or negative (-) tax management strategies (joint behavior 1, 2, 5, 7, and 8). However, if the debt ratio is smaller, they choose tax non-management strategies (joint behavior 3 and 9). The insider's proportion of shares only has a negative relationship with the joint behavior 7 [an earnings management (⋅) and a tax management (+)], and a positive relationship with the joint behavior 8 [an earnings and tax managements (+)]. If a corporative scale is smaller, they choose tax reductive management strategies (joint behavior 4, 5, and 6). However, if a corporative scale is greater, they choose only a tax reductive management joint behavior (joint behavior 8) and earnings and tax non-management joint behavior (joint behavior 9).