재무제표의 비교가능성과 재무분석가의 세전 이익 예측 여부 및 법인세 비용 예측의 정확성

The study investigates financial analysts’ behavior of providing pre and after corporate tax income forecast by testing relation between financial statement comparability and pre and after corporate tax income forecast propensity and implied corporate tax expenses forecast accuracy. Further, the study tests joint effects of financial statement comparability and book-tax difference variation on pre and after corporate tax income forecast propensity and implied corporate tax expenses forecast accuracy. Followings are the findings of the study. First, tests find that high financial statement comparability increases tendency of analysts’ pre and after corporate tax income forecast. Second, high book-tax difference variation marginally hold back analysts’ behavior of pre and after corporate tax income forecast in decreasing manner. Third, the study observes that analysts’ implied corporate tax expenses forecast is more accurate as financial comparability increases while joint effects of financial statement comparability and book-tax difference variation decrease their accuracy. The study contribute to the extant literature by showing that financial analyst utilize comparable accounting information to provide various forecast information including pre-tax income(implied corporate tax expenses). Also, our findings suggests that financial analyst may fail to systematically interpret taxable income complexity in their forecast.