중소기업의 재무적 제약이 공격적 세무보고에 미치는 영향

The purpose of this study is to investigate the effects of medium corporate’ financial restrictions on aggressive tax reporting. With the interaction effect of cash holding, this study also investigates the effects of cash holding on aggressive tax reporting under financial restrictions. This research analyzed 3,980 small and medium－sized enterprises that are listed on the stock market. The results are as followed: First, we examine medium－sized companies and big companies separately. Much more big businesses chose to make aggressive tax reporting than small business did. In the case of financial restrictions, it is found that smaller companies suffer more financial restrictions than big businesses. Also, small and medium－sized companies hold more cash than big business. Second, we investigated the effect of medium corporate financial restrictions on aggressive tax reporting and found out that small and medium－sized companies which suffer financial restrictions a negative effects on aggressive tax reporting. Third, we investigated financial restrictions’ effect on aggressive tax reporting in companies with much cash. The result is that when big business with many cashes suffer financial restrictions, which has a positive effects Ton aggressive tax reporting.