회계기준과 세법, 법적 체계의 국가별 차이가 이익의 질에 미치는 영향 :회계이익과 과세소득의 차이를 중심으로

초록

This study examines the effect of BTD on earnings quality according to the Gap between the accounting standards and tax laws including how to calculate its own income. In addition, we empirically analyze the effect of BTD on the earnings quality according to legal systems including legal enforcement for the investor protection and tax evasion. The empirical results of this study are as follows. Consistent with previous studies, our study has shown that BTD and earnings quality is a negative relationship. However, the negative relationship between BTD and earnings quality was less pronounced in countries of larger gap between the accounting standards and tax law. Furthermore, we found that the negative relationship between BTD and earnings quality was also less pronounced in countries with better legal system including legal enforcement for the investor protection and tax evasion. These results show that the relationship differs depending on each county’ legal system and gap between the accounting standards and tax law. It implys that interpretation of empirical results about the relationship between BTD and earnings quality without sufficient considering each country’s legal and institutional system has a serious limitation. This paper has a contribution to the result that the information usefulness of BTD can be differentiated according to gap between the accounting standards and tax law and legal systems.

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