적극적 조세회피와 경영자 능력의 관계

The purpose of this study is to see whether an firm with a highly capable manager has an aggressive tax avoid and whether an firm with a high managerial capacity and aggressive tax avoid is related to the value of firm. The distinction between this study and the prior ones is that was measuring aggressive tax aviod to further explain the firm’s tax avoidance. The results of the study are as follows：First, a significant negative (－) relationship was shown in the verification of relevance between managerial ability and Aggressive tax avoidance. This means that firms with high management skills do not actively seek aggressive tax avoid. It means that firm with high management capabilities do not aggressive tax avoid because tax avoidance is directly related to corporate accountability and moral hazard. In addition, this study examined whether the simultaneous effects of aggressive tax avoid and managerial ability had an effect on firm’s value. it shows that the interaction between aggressive tax avoid and managerial ability has a significant impact on firm’s value. Further analysis shows that aggressive tax avoid has a negative effect on firm’s value. In other words, aggressive tax avoid can be seen as a negative factor in the value of an entity.