경영자 매출액예측의 정확성에 관한 연구

반재금 한국산업경제학회 1998 산업경제연구 Vol.11 No.2

자본조달 방법의 결정 요인에 관한 연구

반재금,이재맹 한국기업경영학회 1995 기업경영연구 Vol.2 No.2

The purpose of the study ir to find ar firm`s factors which affect on the choice of financing decision. The explanatory variable for financing decision are size, manager`s eguity ratio, debtratio. The dependant bariables is used to dummy variable, which 1 for the issuance of seasoned equity offering and 0 for issurance bond. The method of test is logit and t-test. The model of the onalysis as follows ; Y= B0+B1 SIZE+B2 MAGE+B3 DEBT+e Y : 1 for issuance of seasoned equity offering. 0 for issuancee bond SIZE : total assets MAGE : manger`s equity ratio DEBT : debt/capital The result of this analysis are as follow, financing decision is affected by debt ratio. It appeared to significant to 1%, respetely. The other variables are not significont, This study in the same to preceding study.

기업의 회계 처리방법 결정요인에 관한 연구

반재금 한국기업경영학회 1997 기업경영연구 Vol.4 No.2

The purpose of this study is to find such determinants as economic factors and management`s motivation which affect on the choice of accounting methods. Depereciation and inventory valuation methods are selected. The constant percentage of declining-balance and straight-line method are considered as income decreasing and income increasing depreciation method, respectivly. The average and first-in first-out inventory valuation methods are cinsidered to be the same as in the case of depreciation. Firm size, tax rate, and debt ratio are selected explanatory variables for accounting methods choice. After logit analysis is conducted to test research model, regression analysis is also conducted additionally. Test results show that all the hypotheses are rejected at the 10% level except the firm size when 2 strategy is dependent variable. The results are different from those of previous research. Therefore, this leads to conclustion that the economic consequence theory can not be applied to the Korean unlisted firms. This result may be due to the fact that the political costs of Korean unlisted firms is related to firms` site itself rather than reported income numbers, and firms tend to follow the tax rules to avoid the difficulties of tax adjustment. The other reason may be that the priority of choice among the depreciation and inventory valuation methods varies with firm because each firm posesses different level of tangible fixed assets and inventories. Thus, this provides basis for gneral belief that unlisted firms tend to choose accounting method conventionally rather than intentionally.

會計政策에 따른 企業의 特性 要因에 관한 硏究

潘在錦,金成玟 한국기업경영학회 1995 기업경영연구 Vol.2 No.1

The purpose of this study is to find such determinants as economic factors and management`s motivation which affect on the choice of accounting method. The depreciation method consists of declining-balance and straight-line mathod. The constant percetage of declining-balance and straight-line mathod are considered as income decreasing and income increasing depreciation method. The explanatory variables for accounting methods choice are selected sales, debt ratio, manager`s equity ratio, average income of increasing ratio, tax burden ratio, and a type of industry. The dependant variables is used to dummy variables, which 1 for the income increasing method and 0 for the income decreasing method. This study is conducts in two manners. The first tested the choice of accounting to economic factors. The second tested the difference according to a typr of industry. After logit analysis is conducted to test research model, t-test is also conducted additionally. The model of this analysis is as follows ; Y_i = α_i + β_1SALES_i + β_2DEBT_i + β_3MANAGE_i + β_4ΔPROBIT_i + β_5TAX_i + β_6UPJONG_i + e_i where, Depreciation : Yi = 1 for the income increasing method 0 for the income decreasing method. SALES = sales in 1993 DEBT = debt / capital MANAGE = manager`s equity ratio ΔPROBIT = average income of increasing ratio for 1990-1993 TAX = tax burden ratio UPJONG = a type of industry The results of this analysis are as follows; The choice of accounting method is affected by sales and debt ratio. They appeared to significant at 1% level, respectely. The other variables are not significant. In the difference of types of industry, the significant variables are of sales, debt ratio, and average income of increasing ratio, respectely, which has 1% and 10% of significant level, Conclusionaly, this study is the same to preceding study.

非上場企業의 會計處理方法 選擇要因에 관한 硏究

黃允植,潘在錦 東亞大學校 經營問題硏究所 1991 經營論叢 Vol.12 No.-

The purpose of this study is to find such determinants as economic factors and management's motivation which affect on the choice of accounting methods. Deperciation and inventory valuation methods are selected. The constant percentage of declining-balance and straight-line method are considered as income decreasing and income increasing depreciation method, respectivly. The average and first-in first-out inventory valuation methods are considered to be the same as in the case of depreciation. Firm size, tax rate, and debt ratio and selected explanatory variables for accounting methods choice. Dummy variable D difined as below is used because income increasing or decreasing methods are classified by nominal scale which only indicates direction of effect on net income. D= - 1 for the income increasing method - 0 for the income decreasing method The hypotheses tested in this research are as follows : 1. Large firms choose income decreasing accounting method. 2. Firms with high tax rate choose income decreasing accounting method. 3. Firms with high debt ratio choose income increasing accounting method. To test hypotheses, a sample of 100 firms are randomly from those subject to external auditing. The sample excludes banks, insurance, construction, fishing, and mining firms. The sample also excludes the listed firms because most of the previous studies were for them. The data for each firm are collected from 1990 annual audit reports. The test of hypotheses is conducted in two manners. First, hypotheses are tested by individual accounting method of depreciation methods and inventory valuation. Second, hypotheses are tested based on income strategy by combining depreciation and inventory valuation method. The model to test hypotheses in as follows : ?? After logit analysis is conducted to test research model, regression analysis is also conducted additionally Test results show that all the hypotheses are rejected at the 10% level except the firm size when 3 strategy is dependent variable. The results are different from those of previous research. Therefore, this leads to conclusion that the economic consequence theory can not be applied to the Korean unlisted firms. This result may be due to the fact that the political costs of Korean unlisted firms is related to firms' site itself rather than reported income numbers, and firms tend to follow the tax rules to avoid the difficulties of tax adjustment. The other reason may be that the priority of choice among the depreciation and inventory valuation methods varies with firm because each firm posesses different level of tangible fixed assets and inventories. Thus, this provides basis for general belief that unlisted firms tend to choose accounting method conventionally rather than intentionally. The additional finding in this study is that most of unlisted firms are using the constant percentage of declining-balance deprecition method. In addition, smaller firms are most likely to use it. Consequently, research which identifies what are the characteritics of firms using straight-line method would be of considerable value.

경영자 수익예측 정확성에 관한 연구

반재금(Pan, Jae Gum) 한국경영교육학회 1995 경영교육연구 Vol.10 No.-

經營者 利益豫測 公示의 情報效果

박이봉,반재금 慶南專門大學 1995 論文集 Vol.23 No.1