CSR활동으로 구축한 기업신뢰가 조세회피에 미치는 영향

[Purpose]CSR activities are one of the factors that build corporate trust. We analyze the effect of total corporate trust on tax avoidance by adding shareholder value and employee value. [Methodology]This study analyzes the financial data of KOSPI listed companies from 2012 to 2017. First, we analyze the effect of ESG integration rating of Korean corporate governance structure on tax avoidance. Second, we examined the effect of E, S, G rating, shareholder value and employee value on tax avoidance. Finally, we analyze the effect of comprehensive corporate trust on tax avoidance by creating the above five factors as one variable. [Findings]The results consistently show that CSR activity components, shareholder value, and employee value have significant negative effects on tax avoidance. Corporate trust, created by one variable, also had a significant negative effect on tax avoidance. Therefore, it has been shown that a company with a high level of comprehensive corporate trust, including CSR activities, reduces tax avoidance [Implications]CSR activities, shareholder value, and employee value, and corporate trust that combines them into one, confirmed the negative relationship with tax avoidance. This means that any company that builds trust with diverse stakeholders will be sublated any illegal activity that breaks the relationship, and CSR activities and corporate trust are important factors in judging corporate value.