Title Page
Contents
Abstract 9
Chapter 1. Introduction 12
1.1. Motivation and Contribution 12
1.2. Research Methodology 16
1.3. Research Results 18
1.4. Structure of the Paper 19
Chapter 2. Literature Review 21
2.1. Research on Financial Reporting Comparability 21
2.1.1. Accounting-Based Comparability 22
2.1.2. Market-Based Comparability 23
2.2. Research on Tax Avoidance 25
2.2.1. Determinants of Tax Avoidance 26
2.2.2. Tax Avoidance and Firm Value 28
Chapter 3. Sample and Descriptive Statistics 32
3.1. Sample Selection 32
3.2. Measurement of Comparability 33
3.2.1. Accounting-Based Comparability: The measurement developed by Peterson et al. (2015) 33
3.2.2. Market-Based Comparability: The measurement developed by De Franco et al. (2011) 35
3.3. Measurement of Tax Avoidance 37
3.4. Descriptive Statistics and Correlation Matrix 39
3.4.1. Descriptive Statistics 39
3.4.2. Correlation Matrix 40
Chapter 4. Comparability and Tax Avoidance 41
4.1. Hypothesis Development 41
4.2. Empirical Models 44
4.3. Univariate Analysis 48
4.4. Multivariate Analysis 50
Chapter 5. Tax Avoidance, Firm Value, and Comparability 52
5.1. Hypothesis Development 52
5.2. Empirical Model 55
5.3. Univariate Analysis 58
5.4. Multivariate Analysis 59
5.5. Additional Analysis 61
Chapter 6. Concluding Remarks 64
References 81
Appendix 86
Appendix A. Variable Measurement 86
Appendix B. Examples of Measuring Accounting-Based Comparability 89
논문요약 94
Table 1. Sample Selection 67
Table 2. Distribution of Sample firm-years 68
Table 3. Descriptive Statistics 69
Table 4. Correlation Matrix 70
Table 5. Comparison of Correlation's between Comparability and Tax Avoidance for Firms with... 71
Table 6. Comparability and Tax Avoidance - Multivariate Analysis 72
Table 7. Comparison of Correlation's between Tax Avoidance and Firm Value for Highly... 74
Table 8. Tax Avoidance, Firm Value, and Comparability - Multivariate Analysis 75
Table 9. Tax Avoidance, Firm Value, and Comparability - Additional Analysis 79
〈Figure 1〉 The Conceptual Framework of Research 66