조세회피와 기업특성에 관한 분석

The objective of this paper is to examine what the relationship between tax avoidance and enterprise characters' variables. Specifically, that means to find out what is motivation of tax avoidance activity through enterprise characters' variables. Based on the previous study that tax avoidance is one of the causes of the difference between book income and taxable income, so Desai and Dharmapala(2006) measured tax avoidance from book-tax differences. I used their methodology to measure tax avoidance from Book-Tax Differences(BTD), Temporary Difference(TD), Permanent Difference(PD) and Book-Tax Non-Discretionary Differences(BTNDD). I found that firm size significantly negative(-) affected tax avoidance. That means if firm size is larger, firms' motivation of tax avoidance is less than book income management because of political cost. The result of research showed that leverage ratio positive(+) affected tax avoidance but only measured tax avoidance from Book-Tax Non-Discretionary Differences(BTNDD). That result is consistent with previous study that leverage ratio was higher, tax avoidance was larger. In our regulations, if firms had too much loan, interest would be reject, so firms wanted to reduce tax using non-debt tax shields. However inconsistent with our expectations, ROA significantly negative(-) affected tax avoidance, that's inconsistent with previous study, too. The cause of this results may be different from measure of tax avoidance and study term. Even though I had methodology limitations, the contribution of this zgpaper is to investigate an empirical study about tax avoidance. I hope, the future study would be go on measurement method of tax avoidance.