연세대학교 경영연구소

Choi, Won Wook, 이현아.  Management of Accrual Components in Response to Corporate Income Tax Rate Changes: Evidence from Korea  Journal of Applied Business Research  29  : 1421~1435

발표년도: 2013  |  분야: 회계

This study investigates how firms shift taxable income and concurrently mitigate the book income fluctuation by managing accrual components separately when the statutory income tax rate changes. Unlike prior studies, we decompose accruals into two components and examine distinctive patterns of accrual management in Korea, where book-tax conformity is high and aggressive tax avoidance is restricted. We find that firms manage book-tax accruals for taxable income shifting and manage book-only accruals to mitigate book income fluctuation. Our study provides a clearer and compelling evidence of firms’ opportunistic accrual management behavior in response to the statutory tax rate reduction.

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