TY  - JOUR
T1  - The Effect of Types, Agency Costs and Governance of Government-Owned
Entities on the Book-Tax Difference: The Case of Korea
AU - Kim, Ji Young AU - Hwang, Joo Seong AU - , Yoon AU - Man, Sung 
JO  - The Social Sciences
VL  - 12
IS  - 11
SP  - 1974
EP  - 1982
PY  - 2017
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2017.1974.1982
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2017.1974.1982
KW  - governance
KW  -agency cos
KW  -book-tax difference
KW  -Government-owned entities
KW  -significant positive value
KW  -BTD
AB  - This study has analyzed the influence of characteristics of government-owned entities on BTD
(Book-Tax Difference) according to the type, agency cost and governance of Korean government-owned
entities. Results of the study are as follows. First of all, the more likely it was for them to be quasi-government
bodies, the more they were separately managed with proper purpose business accounting and profit business
accounting. Therefore, they tended to have more opportunities to reduce tax burden or increase accounting
profit. Hence, BTD turned out to be increased by a significant positive value. Secondly, according to the result
of comparing agency cost and BRD in the government-owned entities, agency cost incurring from the president
of an organization turned out to be high. This implies that BTD increased to reduce cash outflow due to the
cause for performance evaluation and tax burden. Third, hypothesis has been established indicating that
governance of government-owned entities and BTD were not related with each other. However, they turned
out not to be significant. Therefore, non-executive director policy (outside director policy) turned out not to
properly function for keeping the president of an organization in check. According to the result of this study,
it is meaningful that influence of characteristics of general companies and government-owned entities has
expanded the scope of previous studies through agency cost with uncertainty of accounting profit information
and governance. In addition, this study will be also meaningful that proper purpose business and profit
business appropriate for the goals for separate accounting from government-owned entities are sub-divided
further while emphasizing that a research is needed to deal with accounting and tax proceedings of
government-owned entities.
ER  -