연구개발비의 자산화가 세금비용과 비세금비용의 상충관계에 미치는 영향

This study focuses on the analysis of following two empirical research questions; (i) whether there exists a trade-off relationship between tax and nontax costs in the management decision making process for the capitalization of R&D expenditures, (ii) what would be the effect of the tax law change in the treatment of R&D expenditures on the trade-off relationship. The empirical results are as follows. First, the analysis of the effect of tax and nontax costs and the tax law change on the capitalization of R&D expenditures shows that tax costs influence the R&D expenditure capitalization toward a negative direction while nontax costs behave in a reverse fashion. Second, it is observed that the interaction variable of tax and nontax costs influences the capitalization of R&D expenditures toward a negative direction. This explains that there is also a trade-off relationship in the process of the capitalization of R&D expenditures and a manager makes decision considering both tax and nontax costs at the same time in the accounting process of R&D expenditures. Third, it is analyzed that the interaction of tax and nontax costs influences the capitalization of R&D expenditures toward a negative direction after the tax law has been changed to apply R&D expenditures to intangible property in 2001.