ESG경영이 조세회피에 미치는 영향

[Purpose]This study aims to examine how companies with a good corporate image in society show behavior in tax avoidance, which is not exposed to the outside of the company, as corporate tax payments are rated high in ESG as social responsibility. [Methodology]This study conducted an empirical analysis on the relationship between ESG and tax avoidance based on data from KIS－Value provided by Korea Credit Rating Co., Ltd. from 2011 to 2016. ESG was measured using ESG by the Korea Corporate Governance Service and tax avoidance measurement was measured by using BTD according to Desai and Dhamapala(2006). [Findings]It was confirmed that ESG evaluation had a positive relationship with tax avoidance. This is consistent with the study of Davis et al.(2016). If ESG is expanded in Korea, internal ethics and external ethics may not match in areas where the show－type ESG cannot be observed in the market. [Implications]This study is significant in that it analyzes the relationship between environmental activities, social responsibility and corporate governance and tax avoidance, which can be called corporate outer ethics. There will be implications for the supervisory authorities in that it empirically presented the need to include a company’s “tax transparency” item in the future ESG disclosure items.