회계이익과 세무이익의 차이가 자본구조에 미치는 영향

The objectives and rules of recognizing accounting income are different from those of recognizing taxable income, and this makes accounting income different from taxable income. That is, there are book-tax differences (hereinafter BTD). BTD are classified into temporary differences and permanent differences. Temporary differences arise because managerial discretion is permitted in recognizing the periodic accounting income, whereas objectivity is important in recognizing the periodic taxable income. In other words, temporary differences reflect differences in the timing of recognition that will reverse in the future. On the contrary, permanent differences arise because the concept and scope of accounting income are different from those of taxable income, and so, they do not reverse in the future. Understanding the above-mentioned causes of BTD, previous studies have been done on whether BTD reflect some characteristics of accounting income, and the overall conclusion of the studies is