회계이익 및 총포괄이익과 과세소득의 차이와 기업가치 관련성

This research has its purpose in researching companies that are listed in the KOSPI Market of the Korea Exchange(KRX) regarding ① the differences in the explanation differences of the accounting earnings and taxable income on the enterprise value, ② enterprise value relevance of the differences between accounting income and taxable income, ③ the differences of all－inclusive income statements & taxable income’s relations with enterprise value and etc. From a purpose of this research, ① to research the differences of enterprise value explanations regarding accounting earnings & taxable income, the equity valuation model developed by Ohlson(1995) was used whereas Vuong’s(1989) Overlapping Model was used to verify the differences of explanation in [Model 1－1] & [Model 1－2]. To verify research items ② & ③, Ohlson’s(1995) equity valuation model was expanded and used as an empirical verification model. Also and for the assumption of the Regression Model, companies that were enlisted in the stocks market of the Korea Exchange (KRX) and satisfied this research’s sampling standards were used to be verified where the verification results could be summarized as below. First, information regarding net profit for a certain term was better explained compared to taxable income regarding enterprise value. Second, the differences of enterprise value explanation between the accounting earnings and the taxable income, it showed to bring quite influences (＋{) that needs attention. Third, the differences of enterprise value explanation between the total comprehensive income & taxable income, it showed to bring amount of influences(＋{) that need attention. These results were shown from a model that added the accumulation of the year concept.