기업지배구조가 조세회피에 미치는 영향: IT기업과 일반기업의 비교

The purpose of this study is to find the effect of corporate governance structure on firms'` tax avoidance tendency by using the listed companies in Korea Exchange from 2009 to 2013. This study accepted the view of internal and external governance structure split upon corporate governance. In order to verify the effect of independent variables, this study used the independence of directors` board, audit committee and major shareholder presence as internal governance structure. And it employes foreigner shareholder, outside auditors having partnership with Big4 and audit fee as external governance structure. To measure tax avoidance tendency as a dependent variable, it used the estimated accumulation of previous five years effective tax rate. The results from this study are as follow. When tax avoidance is measured by effective tax rate, First, major shareholder has negative(-) relation with tax burden as tax avoidance proxy. It is meaning that major shareholders does not prefer to active the tax burden of their companies but prefer to remain more cash within their companies. Second, the independence of directors` board and audit committee as the internal factors of corporate governance structure above have positive (+) relation with tax burden as tax avoidance proxy. This result can be interpreted as the corporate governance factors above check on the executive`s active tendency of tax avoidance. Third, the external factors of it have positive(+) association with the burden of taxation as tax avoidance proxy. It is meaning that outside auditors having partnership with big4 tend to focus on their reputation, brand awareness and future business more. And the outside auditors keeps the conservative tendency of their audit report even if they take quite lots audit fee. If future study adds various other proxies to measure tax avoidance, there will be more chance to make more detailed comparison with these results above.