earticle

영어

This research analyzes that bond investors of the company recognize tax avoidance correctly according to profit forecast accuracy by financial analysts to solve information asymmetry by providing useful information between companies and investors. In particular, regarding tax avoidance by profit forecast accuracy by financial analysts who solve information asymmetry by providing useful information between companies and investors due to the differentiation between this study and precedent study, whether creditors recognize it correctly and it is reflected well in load decision making was analyzed. As profit forecast accuracy by financial analysts gets higher and reliability for the accounting information of relevant companies gets increased, rate of return for investors gets lower and lower to cause low cost of borrowing capital. As profit forecast accuracy by financial analysts gets lower, reliability gets lower on accounting information of relevant companies to increase rate of return for investors and cause high cost of capital. Correct accounting information for financial analysts is being applied and used as a critical factor for investment decision making, which is resulted.