상장기업의 사회적 책임활동과 조세회피에 관한 연구 - 사회적 책임활동의 지속성을 중심으로 -

Recently, consumers, stockholders and the broader civil society are more aware of harmful business practices and have come to exact high standards from corporations and to insist that goods be produced not only efficiently but also ethically. So, the purpose of this study is to examine if there exists relation between Corporate Social Responsibility(CSR) and the tax avoidance. Firms which have good reputation through socially responsible activities bear more non-tax costs such as a drop in stock price or sales, an increase in cost of capital when tax evasion will be revealed. Therefore, these firms are less likely to engage in tax avoidance due to a higher non-tax cost. The result are following. First, CSR activities of a corporation are effecting low tax avoidance as well. Corporations have good reputation through CSR activities bear more non-tax costs, an increase in cost of capital when tax evasion will be revealed. Second, consistency CSR activities of a corporation did effect low tax avoidance. Also, the higher consistency level of corporation CSR activities did indicate the lower than the level of tax avoidance. This study shows that CSR is the important non-tax cost firms consider to decide firm’s optimal tax avoidance level. Accordingly, it results show that more socially responsible corporations are likely to deter tax avoidance.