The Managerial Centrality and Discretionary Recognition of Deferred Tax Assets
0
조회
0
다운로드
1
인용
0
참고문헌
키워드
초록
[Purpose]This study aims to empirically examine the impact of the managerial centrality on CEO within firms on the increasing discretionary recognition of deferred tax assets post the adoption of K－IFRS in 2011, which relaxed the criteria for the realizability of deferred tax assets. [Methodology]This study utilized a sample of 626 firm－years from 2015 to 2018 to examine the relevance between the level of the managerial centrality on CEO within firms and the discretionary recognition of the realizability of deferred tax assets. This relevance was tested through multiple regression analysis. [Findings]The results of the analysis indicated a positive relevance between the level of the managerial centrality on CEO within firms and the discretionary recognition of deferred tax assets at the 5% significance level. This suggests that the higher the level of the managerial centrality on CEO within a firm, the higher the level of discretionary recognition of deferred tax assets. [Implications]This study is expected to contribute to the literature by empirically verifying the impact of the managerial centrality on CEO within firms on the trend of increased discretionary recognition of deferred tax assets, a trend that has been observed following the relaxation of criteria for the realizability of deferred tax assets with the adoption of K－IFRS.
Abstract
[Purpose]This study aims to empirically examine the impact of the managerial centrality on CEO within firms on the increasing discretionary recognition of deferred tax assets post the adoption of K－IFRS in 2011, which relaxed the criteria for the realizability of deferred tax assets. [Methodology]This study utilized a sample of 626 firm－years from 2015 to 2018 to examine the relevance between the level of the managerial centrality on CEO within firms and the discretionary recognition of the realizability of deferred tax assets. This relevance was tested through multiple regression analysis. [Findings]The results of the analysis indicated a positive relevance between the level of the managerial centrality on CEO within firms and the discretionary recognition of deferred tax assets at the 5% significance level. This suggests that the higher the level of the managerial centrality on CEO within a firm, the higher the level of discretionary recognition of deferred tax assets. [Implications]This study is expected to contribute to the literature by empirically verifying the impact of the managerial centrality on CEO within firms on the trend of increased discretionary recognition of deferred tax assets, a trend that has been observed following the relaxation of criteria for the realizability of deferred tax assets with the adoption of K－IFRS.
참고문헌 (32)
- 곽영민, "최고경영자에 대한 경영권 집중화 수준과 기업가치", 회계학연구, 42(1), pp.187~226 (2017)
- 곽영민, "최고경영자에 대한 경영권 집중화 수준이 부채조달비용에 미치는 영향", 세무회계연구, (62), pp.219~241 (2019)
- 김유진, "최고경영자의 경영권 집중도와 신용등급에 관한 연구", 회계저널, 27(6), pp.95~120 (2018)
- 김지영, "CEO 임금 비중(CPS)과 경영투명성：회계이익 － 과세소득 차이 정보를 활용하여", 세무회계연구, (58), pp.229~248 (2018)
- 김진섭, "경영권 집중화 수준과 지속가능경영", 세무회계연구, (66), pp.165~186 (2020)
- 김상헌, "재무보고비용과 감사품질이 이연법인세자산의 실현가능성에 미치는 영향", 회계학연구, 31(1), pp.193~223 (2006)
- 김성현, "K－IFRS 적용 이후 이연법인세자산의 가치관련성", 세무회계연구, (58), pp.125~144 (2018)
- 김지영, "CEO 임금 비중(CPS)과 경영투명성：회계이익 － 과세소득 차이 정보를 활용하여", 세무회계연구, (58), pp.229~248 (2018)
- 김재문, "이연법인세의 실무 적용분석에 관한 연구", 세무회계연구, (18), pp.1~24 (2006)
- 김재문, "이연법인세가 재무비율에 미치는 영향", 세무회계연구, (17), pp.291~310 (2005)
- 김태흥, "한국채택국제회계기준(K－IFRS) 도입 이후 이연법인세자산의 가치관련성 변화", 석사, pp.2015
- 문보영, "경영권 집중화 수준이 내재된 자기자본비용에 미치는 영향：한국기업을 중심으로", 회계정보연구, 36(2), pp.109~133 (2018)
- 박한수, "K－IFRS 도입에 따른 이연법인세자산 인식률 변화와 감사인 규모의 영향", 석사, pp.2015
- 손기근, "이연법인세자산의 실현가능성에 대한 재량적 판단을 통한 이익조정", 세무학연구, 29(1), pp.239~282 (2012)
- 안상봉, "서비스산업의 경영자 보상차이와 회계정보의 신뢰성", 산경연구논집, 10(5), pp.77~86 (2019)
- 안상봉, "최고경영자에 대한 경영권 집중과 이익유연화 －경영자 보상 정보를 활용하여－", 세무회계연구, (67), pp.203~223 (2021)
- 안정인, "대규모기업집단, 최고경영자의 영향력, 그리고 최고경영자의 미등기임원 전환：개별 임원보수 공시를 중심으로", 회계저널, 27(5), pp.167~193 (2018)
- 윤우영, "최고경영자 영향력과 이익조정 관련성 －회계적 이익조정 및 실물 이익조정－", 경영연구, 34(2), pp.157~184 (2019)
- 이승현, "최고경영자에 대한 경영권 집중화 수준과 이익의 지속성", 경영컨설팅연구, 22(5), pp.67~76 (2022)
- 이승현, "최고경영자의 영향력과 감사시간 및 감사보수 와의 관계：전문경영인 여부를 중심으로", 전문경영인연구, 26(2), pp.71~91 (2023)
- 이승현, "경영권 집중화 수준이 원가의 하방경직성에 미치는 영향 － 경영자 유형에 따른 차이를 중심으로", 글로벌경영학회지, 20(4), pp.120~142 (2023)
- 지상현, "최고경영자 영향력과 회계보수주의：지배구조, 내부회계관리운영조직, 감사품질에 따라", 국제회계연구, (83), pp.127~157 (2019)
- 최화섭, "이연법인세의 가치관련성과 정보효과에 관한 연구", 세무회계연구, (10), pp.25~42 (2002)
- Bebchuk, L., "The CEO pay slice", Journal of Financial Economics, 102, pp.199~221 (2011)
- Bauman, C., "Do Firms Use the Deferred Tax Asset Valuation Allowance to Manage Earnings?", Journal of the American Taxation Association, 23, pp.27~48 (2001)
- Behn, B., "The determinants of the Deferred tax allowance account under SFAS No.109", Accounting Horizons, 12, pp.63~78 (1998)
- Christensen, T. E., "Creating a Bigger Bath Using the Deferred Tax Valuation Allowance", Journal of Business Finance & Accounting, 35(5-6), pp.601~625 (2008)
- Frank, M. M., "Do Managers Use the Valuation Allowance Account to Manage Earnings around Certain Earnings Targets?", Journal of the American Taxation Association, 28, pp.43~65 (2006)
- Research in Accounting for Income Taxes, "Graham, J. R.", ~ (2010)
- Miller, G., "Determinants of the Valuation Allowance for Deferred Tax Assets Under SFAS No.109", The Accounting Review, 73, pp.213~233 (1998)
- Schrand, C., "Earnings Management Using the Valuation Allowance for Deferred Tax Assets under SFAS No. 109", Contemporary Accounting Research, 20, pp.579~611 (2003)
- Visvanathan, G., "Deferred Tax Valuation Allowances and Earnings Management", Journal of Financial Statement Analysis, 3, pp.6~15 (1998)