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@article{ART001154786},
author={이경락},
title={Empirical Study on Behavior Changes of Tax Supporting Policy Effects due to Entry Barrier},
journal={Journal of Regulation Studies},
issn={1738-7132},
year={2005},
volume={14},
number={2},
pages={109-132}

TY - JOUR
AU - 이경락
TI - Empirical Study on Behavior Changes of Tax Supporting Policy Effects due to Entry Barrier
JO - Journal of Regulation Studies
PY - 2005
VL - 14
IS - 2
PB - 한국규제학회
SP - 109
EP - 132
SN - 1738-7132
AB - According to Scholes, Wolfson, Erickson, Maydew & Shevlin (2002), Implicit tax is the result of interaction between tax subsidies and market structure. But most studies related to implicit tax have tested only the relationship between tax subsidies and pre-tax return not considering market circumstance. In other words, the only focuses of previous studies have been adjusted in existence of implicit tax. Therefore this paper generated the three market structure variables (CR3, industrial advertising intensity, industrial capital intensity) from the previous studies on the industrial organization. After bisecting total sample according to relative height of CR3 (market friction), tested implicit tax hypothesis on each subsample group (pre-IMF, post-IMF). The goles of this paper verify whether the differences of market structure have an effect on the generation of implicit tax. The empirical results discovered implicit tax hypothesis in each subsample group was rejected. This results reconfirmed Korean oligopolistic market structure. In Korea, because tax-advantaged firms have higher barriers to entry, new competitors may be experience difficulty in entry into new competitive market. Therefore I discovered tax benefit acts as raising factor of pre-tax return in Korean listed companies. These results suggested market structure analyses should be preceded to maximize the effects of tax supporting policy.
KW - implicit tax;barriers to entry;market structure;moderating effects;tax subsidies
DO -
UR -
ER -

이경락. (2005). Empirical Study on Behavior Changes of Tax Supporting Policy Effects due to Entry Barrier. Journal of Regulation Studies, 14(2), 109-132.

이경락. 2005, "Empirical Study on Behavior Changes of Tax Supporting Policy Effects due to Entry Barrier", Journal of Regulation Studies, vol.14, no.2 pp.109-132.

이경락 "Empirical Study on Behavior Changes of Tax Supporting Policy Effects due to Entry Barrier" Journal of Regulation Studies 14.2 pp.109-132 (2005) : 109.

이경락. Empirical Study on Behavior Changes of Tax Supporting Policy Effects due to Entry Barrier. 2005; 14(2), 109-132.

이경락. "Empirical Study on Behavior Changes of Tax Supporting Policy Effects due to Entry Barrier" Journal of Regulation Studies 14, no.2 (2005) : 109-132.

이경락. Empirical Study on Behavior Changes of Tax Supporting Policy Effects due to Entry Barrier. Journal of Regulation Studies, 14(2), 109-132.

이경락. Empirical Study on Behavior Changes of Tax Supporting Policy Effects due to Entry Barrier. Journal of Regulation Studies. 2005; 14(2) 109-132.

이경락. Empirical Study on Behavior Changes of Tax Supporting Policy Effects due to Entry Barrier. 2005; 14(2), 109-132.

이경락. "Empirical Study on Behavior Changes of Tax Supporting Policy Effects due to Entry Barrier" Journal of Regulation Studies 14, no.2 (2005) : 109-132.