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자본시장에 존재하는 암묵적 조세에 관한 실증연구: 코스닥시장을 중심으로 : An Empirical Study on Implicit Taxes in Korean Capital Market: with a Focus on KOSDAQ Market
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 정운오 | - |
dc.contributor.author | 노희천 | - |
dc.date.accessioned | 2010-01-25T07:28:07Z | - |
dc.date.available | 2010-01-25T07:28:07Z | - |
dc.date.issued | 2003-12 | - |
dc.identifier.citation | 경영논집, Vol.37 No.4, pp. 131-153 | - |
dc.identifier.issn | 1229-0491 | - |
dc.identifier.uri | https://hdl.handle.net/10371/43570 | - |
dc.description.abstract | This study investigates whether tax favors lead to a decline of before-tax rate of returns of
the firms traded in KOSDAQ market. In particular, the possibility of this implicit tax has been examined for venture firms separately from non-venture firms. Contrary to the implicit tax hypothesis, the empirical results demonstrate that most tax benefits are retained by the KOSDAQ firms. It is also discovered that the extent to which tax benefits are retained is higher for non-venture firms than for venture firms. These results could be an evidence that there are too many frictions and/or restrictions in the market in which most KOSDAQ firms operate, so that competition is essentially deterred. It is also observed that before-tax rate of returns of venture firms are more sensitive to tax benefits than those of non-venture firms. | - |
dc.language.iso | ko | - |
dc.publisher | 서울대학교 경영대학 경영연구소 | - |
dc.subject | Implicit Tax | - |
dc.subject | Tax Favor | - |
dc.subject | Venture Firms | - |
dc.subject | KOSDAQ Firms | - |
dc.subject | Market Frictions and Restrictions | - |
dc.title | 자본시장에 존재하는 암묵적 조세에 관한 실증연구: 코스닥시장을 중심으로 | - |
dc.title.alternative | An Empirical Study on Implicit Taxes in Korean Capital Market: with a Focus on KOSDAQ Market | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | Jung, Woon-Oh | - |
dc.contributor.AlternativeAuthor | Roh, Hee Chun | - |
dc.citation.journaltitle | 경영논집 | - |
dc.citation.endpage | 153 | - |
dc.citation.number | 4 | - |
dc.citation.pages | 131-153 | - |
dc.citation.startpage | 131 | - |
dc.citation.volume | 37 | - |
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