Ju  Young Park, Gi  Ho Choi, Sung  Man Yoon, 
    The Relationship Between Tax Avoidance and the Corporate Transparency in the
Institutional Environment and Accounting Information: The Case of Korea,
    International Business Management,
    Volume 11,Issue 6,
    2017,
    Pages 1298-1306,
    ISSN 1993-5250,
    ibm.2017.1298.1306,
    (https://makhillpublications.co/view-article.php?doi=ibm.2017.1298.1306)
    Abstract: Since the 1997, financial crisis in Korea, the problems of Korean corporations have been intensively
emphasized, resulting in the devaluation of Korean firms in international capital markets. This study focuses
on the transparency. The empirical results show that the relationship between corporate transparency and tax
avoidance level is negative. This finding supports that companies consider various non-tax costs arising from
tax avoidance in addition to tax costs when determining the optimal tax avoidance level. Specifically, firms with
high corporate transparency are passive in tax avoidance because of the burden of various non-tax costs such
as reputation risk caused by tax avoidance rather than the effect of reducing agent cost. This study sought to
evaluate the effectiveness of tax avoidance with regard to tax costs and various non-tax costs with regard to
all costs as suggested by Scholes.
    Keywords: Corporate transparency;tax avoidance;tax costs;non-tax costs;book-tax difference;effectiveness