지역별 세수부족과 이익조정에 관한 연구

This study analyzes whether corporate managers understand the information about the lack of regional tax revenue, and they shows earnings management behavior by recognizing this fact. Tax Revenues In the NTS data, there has been lacking of tax revenue for three consecutive years from 2012 to 2014, which could be an important environmental factor for managers. In this study, the tax environment factors are divided into the lack of national tax revenue and the lack of regional tax revenue. And the analysis was conducted for companies listed on the KOSDAQ and KOSPI market from 2006 to 2016. The results of this study are as follows. (1) The results of the regression analysis show that the coefficient value of ‘the year dummy of the lack of national tax revenue’ variable and ‘the tax collection rate(total)’ are statistically significant negative(-). This result confirms that the manager decreased ‘the earnings management’ act as the lack of tax revenue occurred in the whole country. (2) In addition, there is a statistically significant negative(-) correlation between ‘the lack of regional tax revenue’ and the manager's ‘the earnings management’. This result show that ‘the lack of regional tax revenue’ as well as the ‘the lack of national tax revenue’ have an effect on the earnings management decision - making of corporate managers. (3) Finally, the coefficient value of ‘the tax investigation ratio by the regional tax authorities’ and ‘earnings management’ had a value of negative (-) that was statistically significant. it was confirmed that the manager perceives this as an aggressive tax sources management and reduces the level of earnings management.