기업의 지배구조와 시장경쟁도가 조세회피에 미치는 영향

Abstract

This study, on the purpose of analyzing tax avoidance tendency from two variables’ interactions such as possession structure and market competition of businesses, used share rate of specially concerned persons including big shareholders and share rate held by foreigner investors. This study used market occupy rate measured with HHI(HHI: Herfindahl-Hirschman Index) to attain market competition. This study, with multi- regression analysis, analyzed the samples for positive analysis on the object of the businesses which transacted negotiable securities normally at negotiable securities market from 2009 to 2012. This study used measurement values to attain tax avoidance proxies by removing business person’s benefit control from financial report profit subtracted by tax report profit. The positive analysis result of this study is as followings. First, this study confirmed that the higher the big shareholder share rate and foreigner share rate, possession structure, the more the significant relationship appeared between them and tax avoidance tendency, and the higher the tax avoidance dependence. It is possible to expect vivid tax avoidance tendency. Second, it is possible to expect the higher the market-convergence industry (low market competition business) a business is belong to, the lower the tax avoidance dependence. But, it shows that the more competitive the market share, the higher the tax avoidance tendency. Third, a business with generally big shareholder share rate and foreigner share rate pursues tax avoidance tendency positively. But, different from expectation, the lower the market competition, the more it shows tax avoidance tendency. It means that possession share rate and market competition don’t have interaction effect. This study expanded the discussions related with the effect on business administration of investor share rate of big investors and foreigner investors and presented new analysis method, according to tax avoidance tendency, to help analyze in many viewpoints on the purpose of securing transparency, fair management competition opportunity, and investment chance.