세무 컨설팅 수수료의 영향요인에 관한 연구

초록

This study is to appreciate the financial features of an enterprise which has been charged to pay for tax consulting from tax experts for effective tax management. It has specifically examined what effect such financial features as growth rate, size, overseas income and ratio of long-term debt of the enterprise will have on the commission for tax consulting. The companies listed in USA stock exchange from 2003 to 2008 have been selected as research objects for analysis. The following is the analysis results. First, PBR (Price Book-value Ratio), the growth of an enterprise, and Tobin’s Q(TQ) have been found to have a significantly positive(+) effect on the commission for tax consulting, which means that the higher growth an enterprise has, the more the commission gets. Second, the size(SIZE) of an enterprise has been found to have significantly negative(-) effect on the commission. It indicates that since when the size(SIZE) is bigger the enterprise will expand its internal tax experts for more efficient tax management, the scope of external tax consulting will reduced to make the commission lower. Third, the overseas income (FOREIGN) has significantly positive(+) effect on part of the commission for tax consulting and even at the model without any significance the coefficient value has consistently positive (+) value. In other words, when an enterprise gets to have any overseas income through any projects abroad, the commission gets increased. Fourth, the ratio of long-term debt(Leverage) has been also found to have a significantly positive(+) effect on the commission. It means that the more increase the ratio of long-term debt(Leverage) gets, the less the commission gets. Since most of preceding researches on an enterprise’ commission for tax consulting have been focused on analyzing the effect of the commission while this study has estimated the factors having effects on the commission, this study is differentiated from those previous researches. Accordingly, if any future researches on the commission for tax consulting take the factors to the effects suggested by this study into consideration for any analysis, their effects on the tax-consulting services are expected to be appreciated more clearly.

키워드