기업지배구조와 소유구조 및 조세회피의 관련성

This study attempted to examine the relationship among corporate governance, ownershipstructure and tax avoidance with Korean enterprises listed in the stock market on taxavoidance by the management from 2008 through 2012. Results showed that corporategovernance had a significant positive (+) impact on tax avoidance. In addition, a higherproportion of largest shareholders and affiliated persons in an enterprise turned out to havea more significant negative (-) impact on tax avoidance. This is interpreted to mean thehigher the proportion of largest shareholders and affiliated persons, the enterprise's tendencytoward tax avoidance is less. When the detailed level of corporate governance on taxavoidance-based on ownership structure was examined, it was seen that the level of board ofdirectors had solely a significant positive (+) impact on tax avoidance and a higherproportion of largest shareholders and affiliated persons in an enterprise had a moresignificant negative (-) impact on tax avoidance. Future researchers conducting studies oncorporate governance, tax avoidance and ownership structure through empirical analysis mayfind useful insights from this study which has implications for corporate governance systems.