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The Relationship Corporate Ownership Structure and the Burden of Taxation- Based on the Achievement of Positive Earnings as a part of Measuring Target Earnings-

The Relationship Corporate Ownership Structure and the Burden of Taxation - Based on the Achievement of Positive Earnings as a part of Measuring Target Earnings-

김확열|양재근|최수영
한국국제회계학회 (Korea International Accounting Association)|2016.02|국제회계연구 (Korea International Accounting Review)|제65호|pp. 255-278|DOI 10.21073/kiar.2016..65.011

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키워드

소유구조대주주Tax avoidance외국인주주Foreign shareholdersOwnership structureTax burden순이익법인세부담Major shareholdersPositive earning

초록

The purpose of this study is to inquire into the relationship corporate ownership structure and the tax burden under the achievement of positive earning by using 9,376 business-year samples, which the firms have listed in KOSPI and KOSDAQ from 2008 to 2013. In order to verify their association, this study set up major and foreign shareholders share-ratios at independent variables as ownership structure`s measure value. Also, to compute corporate`s tax burden, this study uses the amount of tax burden (Kang and Park 2007) and Book-Tax Difference (Desai and Dharmaphala 2006) at dependent variables. The results of this study are as follows. First, major shareholders share-ratio in this study`s analysis showed negative(-) correlation with corporate tax burden under the achievement of positive earnings. It is interpreted that major shareholders give negative stance to corporate tax burden even if firms have positive earning. Second, this study showed the other result, which foreign shareholders share-ratio have positive(+) correlations with corporate tax burden under the condition of the positive earning`s achievement. It means that foreign shareholders have positive stance to corporate tax burden as much as firms profit mount up. Therefore, we can re-checked what major and foreign shareholders within ownership structure have different views on corporate profit and tax burden under the circumstance as the achievement of positive earnings. this result by the analysis means that they have different origins and interests.

Abstract

The purpose of this study is to inquire into the relationship corporate ownership structure and the tax burden under the achievement of positive earning by using 9,376 business-year samples, which the firms have listed in KOSPI and KOSDAQ from 2008 to 2013. In order to verify their association, this study set up major and foreign shareholders share-ratios at independent variables as ownership structure`s measure value. Also, to compute corporate`s tax burden, this study uses the amount of tax burden (Kang and Park 2007) and Book-Tax Difference (Desai and Dharmaphala 2006) at dependent variables. The results of this study are as follows. First, major shareholders share-ratio in this study`s analysis showed negative(-) correlation with corporate tax burden under the achievement of positive earnings. It is interpreted that major shareholders give negative stance to corporate tax burden even if firms have positive earning. Second, this study showed the other result, which foreign shareholders share-ratio have positive(+) correlations with corporate tax burden under the condition of the positive earning`s achievement. It means that foreign shareholders have positive stance to corporate tax burden as much as firms profit mount up. Therefore, we can re-checked what major and foreign shareholders within ownership structure have different views on corporate profit and tax burden under the circumstance as the achievement of positive earnings. this result by the analysis means that they have different origins and interests.

참고문헌 (30)

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