사외이사의 특성에 따른 자본시장반응

김동률(Kim, Dong-Ryool) 대한경영학회 2010 大韓經營學會誌 Vol.23 No.3

會計情報가 賃金決定에 미치는 影響에 관한 硏究

金東律(Dong-Ryool Kim) 대한경영학회 1993 大韓經營學會誌 Vol.8 No.-

사외이사의 특성과 감사품질

김동률(Kim Dong Ryool) 한국국제회계학회 2009 국제회계연구 Vol.0 No.25

본 연구는 2003년 사외이사제도 도입 후 사외이사의 특성이 감사품질에 미치는 영향을 알아보고자 한다. 사외이사의 특성을 독립성, 활동성, 전문성으로 나누어 실증분석한 결과, 사외이사의 특성 중 이사회 내 사외이사의 독립성이 높아지면 감사품질이 높아질 것으로 예측하였으나 일부 감사품질변수(big4 제휴법인변수와 감사시간변수에서 유의성을 확인)만 유의한 결과가 나타나 사외이사의 독립성이 높아질수록 일부 감사품질은 향상될 수 있었다. 사외이사의 활동성이 활발해질수록 고품질의 감사서비스를 요구하는 것으로 나타났으며(감사시간 제외), 사외이사의 전문성이 높아질수록 감사 서비스의 질에 대한 수요가 높은 것으로 나타났다(감사보수 제외). 본 연구는 예측대로 모든 가설이 지지되지는 않았지만 최근 대두되고 있는 사외이사제도를 중심으로 이들의 특성이 감사서비스의 질에 향상을 가져오는지를 알아봄으로써 향후 정책적 기여도가 있을 것으로 보인다. This study examines whether outside directors characteristics affects audit service quality(auditor's industry expertise, big4, audit fees, audit hours). In particular, this study examines the relation between audit service quality and the outside directors characteristics such as independence, competence and activities level. I hypothesize that audit quality would be positively associated with independence, accounting or financial expertise, and activity-related variables. The sample consists of non-banking firms (1060 firm-years) listed on the Korea Exchange that reported annual financial statements over the period from 2005 to 2007. The results of this study are as follows. First, for the outside directors characteristics, I find that board expertise are significantly, positively associated with audit service quality(auditor's industry expertise, big4, audit hours). Second, I find that the board independence are significantly, positively associated with audit service quality(big4, audit hours). Third, I find board activity are significantly, positively associated with audit service quality( auditor's industry expertise, big4, audit fees) This study provides an evidence connectively of the relation between outside directors characteristics and audit service quality.

기업특성에 따른 보수성의 자본시장반응

김동률(Kim Dong-Ryool) 한국국제회계학회 2008 국제회계연구 Vol.0 No.22

본 연구는 기업의 특성에 영향을 받은 회계보수성을 시장에서 효율적으로 평가되는지를 알아보고자 한다. 실증분석결과는 첫째, 기업특성이 보수성에 영향을 미치는 요인으로 소유구조는 외국인투자자지분율이 높을수록 보수성향이 강한 것으로 나타났다. 둘째, 이러한 기업특성을 반영한 보수성을 시장에서 효율적으로 평가되는지에 대한 결과는 회계의 보수성을 효율적으로 평가하지 못하고 과소평가하는 것으로 나타났다. 보수주의와 이익지속성 및 기업가치관련의 연구는 활발히 진행되나, 이러한 보수성을 자본시장에서 효율적으로 인식하는지에 대해서는 거의 연구되지 않고 있다. 이 시점에서 기업의 특성이 영항을 미치는 회계의 보수성 정보를 이용하여 시장효율성을 분석함으로써 보수성 정보를 투자자들이 인식하고 투자를 할 수 있는지에 대해 분석하는 것은 의의가 있을 것이다. Under conservative accounting, bad news is recognized immediately in the current period, thus most of the bad news is reflected upon the current income. Such conservative accounting brings about the undervaluation of the short-term return on investment, and at the same time, comes to have the potential to report a better result of the firms in a long-term perspective. However, if information users do not recognize the conservative accounting from the information provider adequately, in other words, if they do not recognize the long and short-term effects of the conservative accounting, it may result in their undervaluing the conservative accounting. A number of recent studies assume market efficiency and interpret an association between stock returns and accounting information as evidence of the contribution of such information to future earnings. We explicitly examine whether accounting information -conservatism- predicts future earnings, and whether market participants correctly incorporate such predictive ability in determining share price. We find that the stock market underestimated the contribution of conservatism in predicting future earnings, and a hedge strategy that exploits such overestimated generates significant future abnormal returns.

부산지역 중소기업의 수출마아케팅 전략에 관한 연구

김동률(Kim Dong Ryool),고경선(Ko Kyung Sun),최상철(Choi Seong Cheol) 한국중소기업학회 1990 中小企業硏究 Vol.12 No.2

N/A

會計上의 利益槪念 硏究

金東律 부산 외국어 대학교 1987 外大論叢 Vol.5 No.1

What is business income? How should it be measured? These problems have been constantly discussed by both accountants and economists. Yet no close agreement has ever been reached. Accountants complain that economists are too idealistic and their concepts are impractical : economists charge that accountants are too mechanical and their procedure are not based on sound principles. In accounting, business income is generally conceived as the residual from matching revenue realized against costs consumed. It is a money concept, measured periodically for a specific firm through the tool of the income statement. In economics, business income is viewed as the maximum amount which the firm can distribute as dividends and still be as well off at the end of the period as at the beginning. It is mostly thought of in real terms and is the result of balance sheet valuation rather than residual from income statement matching. As thus, income decision activity has been a long time a center of gravity in an accounting activity since 1930. Todays, this activity, income measurement, is also an important role in a business enterprise. In this article, various income concepts are introduced, which clearly identifies those qualitative attributes of which income consisits. Especially, this article constrate on accounting income that is intended to be usefully for a economic decision making about business enterprise. Under the traditional cost accounting system, accounting income is considered for a parameter of manageial performance and availability by dividend payment. In an inflation condition capital maintenance concept is very inportant. An enterprise receives a return only after its capital has been maintained or recovered. The concept of capital maintenance, therefore, is critical in distinguishing an enterprises return on investment from return of its investment. The financial capital concept is the traditional view and is generally the capital maintenance concept in present financial statement. A return on financial capital results only if the financial (money) amount of an enterprise's net assets at the end of a period exceeds the financial amount of net assets at the beginning of the period after excluding the effects of transactions with owners. In contrast, a return on physical capital results only if the physical productive capacity of the enterprise at the end of the period exceeds the physical productive capacity at the beginning of the period, also after excluding the effects of thransactions with owners. The physical capital maintenance concept can be implemented only if inventories and property, plant, and equipment are measured by their current costs, while the financial capital maintenance concept does not require maintenance concepts involves the effects of price changes during a period on assets while held and liabilities while owed. Under the financial capital concept, if the effects of those price changes are recognized, they are conceptually holding gains and losses and are included in the return on capital. Under the physical capital concept, those changes would be recognized but conceptually would be capital be included directly in equity and not included in return on capital. Both earnings and comprehensive income as set forth in the 「Statement of earnings and comprehensive income」, like present net income, include holding gains and losses that would be excluded from income under a physical capital maintenance concept. Comprehensive income is a broad measure of the effects of transactions and other events on an entity, comprising all recognized changes in equity (net assets) of the entity during a period from transactions and another events and circumstances except those resulting from investments by owners and distributions to owners. Earnings and comprehensive income have the same broad components-revenue, expenses, gains, and losses-but are not the same because certain classes of gains and losses are included incomprehensive income but are excluded from earnings. Those items fall into two classes that are illustrated by certain present practices ; a. Effects of certain accounting adjustments of earlier periods that are recognized in the period, such as the principal example in present practice-cumulative effects of changes in accounting principles-which are included in present net income but are excluded from earnings as set forth in the 「Statement of Earnings and Comprehensive Income」 b. Certain other changes in net assets (principally certain holding gains and losses) that are recognized in the period, such as some changes in market values of investments in marketable equity securities classified as noncurrent assets, some changes in market values of investments in industries having specialized accounting practices for marketable securities, and foreign currency translation adjustments.

전산회계 교과교육의 활성화 방안에 관한 연구

김동률,조재형 부산 외국어 대학교 2001 外大論叢 Vol.23 No.1

The purpose research is activating of computer assisted accounting education according as I analyze the questions about the computer assisted accounting subject. This study is based on the research of students who are studying accounting information system in business high school. The result of this study suggests that the accounting study of note will have to be changed by accounting information system study. And the research on the actual condition indicates that the study of accounting calculate is more useful than theoretical study interest. Also it says that continuous development is weeded for accounting programs.

단체교섭모델과 회계정보

김동률 釜山外國語大學校貿易經營硏究所 1992 貿易經營論集 Vol.8 No.-

단체교섭에서의 회계정보의 역할

김동률 釜山 外國語 大學校 1989 外大論叢 Vol.7 No.1

An area which has only recently begen to receive the sustained attention of accounting researchers is the impact(actual and petenteal) of accounting information on industrial relations and collective bargaining. Indeed, Craft(1984, p.107) has referred 'the undernourished intersection between accounting and industrial relations'. The potential uses of accounting information in industrial relations and collective bargaining are many(including assisting in the estimation of ability to pay, develping desclosure policies, contract costing, use of accounting data in productivity sharing programs, among others), as are the potential research questions which may be of interest to accounting scholars. In the prefactory comments, I indicated that one of the objectives of this paper was to stimulate thinking by accountants and industrial relations specialists regarding the role of accounting in collective bargaining and labor relations. To stimulate such thought, I have drawn upon the useful survey work, literature synthesis, and conclusions of the Palmer and Foley & Maunder's books. I have used their work as the take-off point for further exploration and idea generation. I have chosen, in this paper, to re-examine some of the arguments relating to the desirability of disclosure of organizational information to labour negotiators from a managerial point of view. As I have pointed out, this is not the only analytical framework which might have been adopted and is certainly not suffieient as a basis for determining whether or not more disclosure is "good" form a societal point of view. Within the restricted frame of reference chosen, however, I hope to have provided additional analytical support for Craft's contention that. In any particular case, the disclosure decision must necessarily be a contingency dicision indeed, I have myself viewed it other-wise. Where we part company from Craft is that we should with to see the disclosure decision evaluated in a strategic(explicityly long term and dynamic) context, with particular consideration being given to the interactive effects of disclosure on all parts of the system of negotiations. It follows from this that we believe the disclosure decision should be seen in organizational terms as part of the setting of an overall information policy, and as such is a matter for dicision making by top rather than middle management.

종업원을 위한 보고시스템에 관한 연구

김동률,김태수 부산 외국어 대학교 1996 外大論叢 Vol.15 No.1

Recently, many firms have adopted just-in-time production, total quality management, and teamwork practices for their manufacturing operations. These new manufacturing practices rely on increased worker involvement in the control of all phases of manufacturing, with the expectation the such involvement well result in the identification of opportunities for process innovations and manufacturing performance improvement. Traditionally, however, the focal point of accounting has been the needs and viewpoints of inveators or managers. In the Korea, this focal point has not changed but recent interest in report system for employees abroad would appear to be in response to changes in attitudes of management. The change in attitude has been management's gradual acceptance of the possible economic benefits to the organization which may result may result from improved management employee communications. This paper first reviews the needs of report system for employees and then presents contents, forms, advantages and disadvantages of report system for employees. The advantages of report system for employees are : 1. Improve industial relations. Improved communications with employees enhances their understanding of their role in the firm and the manner in which the firm is being managed in the interests of all participants. Sharing information can promote goal congruence and a corporate identity among employees. 2. Assist in management planning. feedback from the Employees Report could lead to improved productivity measurements and results. 3. Improve public relations. Employee Reports will have effects which extend beyond the firm. They will be read by helpful in the recruitment of personnel. There are potential problems in report systme for employees : Information may be misunderstood by employees, may look at it as a management propaganda device, perhaps the information will aid competitors, information on plans and prospects could lead to litigation by employees or shareholders, and disclosure of information may result in reduction of bargaining power on the part of management leading to more scarce recorces going to employees.