연결재무제표의 비지배지분과 경영자의 이익조정에 관한 연구

백혜원 동국대학교 사회과학연구원 2024 사회과학연구 Vol.31 No.1

본 연구는 연결재무제표의 비지배지분이 경영자의 이익조정에 영향을 미치는지를 살펴보기위해, 재량적 발생액 이익조정과 실제활동 이익조정을 분석하였다. 우리나라는 회계정보의 투명성을 높이고 국제화에 발맞추기 위해 2011년 국제회계기준(International Financial Reporting Standards: 이하 IFRS)을 의무적으로 도입하였다. IFRS에 의하면 지배회사와 종속회사는 경제적 단일실체로 감안하여, 지배회사와 종속회사의 재무제표를 합하여 연결재무제표를 작성하고이를 주 재무제표로 보고하도록 하였다. 본 논문에서는 실체이론에 의해 연결재무재표에 보고되는 비지배지분(non-controling interest) 및 비지배지분에 귀속되는 순이익에 초점을 맞춘다. 본 연구 결과 비지배지분이나 비지배지분 귀속 당기순이익이 증가하면 재량적 발생액을 사용한이익조정이 감소하여 이익의 질이 향상되는 것처럼 보이나, 실제이익조정 방법을 사용하여 경영자들은 이익을 상향조정하고 있음을 알 수 있다. 본 연구는 연결당기순이익의 구성요소를 투자자들, 경영자들, 또한 재무분석가들이 올바르게 이해할 필요가 있음을 제시한다는 점에서 학계뿐만 아니라 실무에도 기여하는 바가 클 것으로 생각된다. The objective of the study is to examine whether the non-controlling interests in consolidated financial statements affect manager’s earnings management, which is measured not only discretionary accruals but also real activity earnings management. According to International Financial Reporting Standards (IFRS hereafter), adopted mandatorily for Korea in 2011, parent and subsidiary companies are considered as a single economic entity. They are required to report consolidated financial statements as the main financial statements. My study focuses on the non-controlling interest and net income attributable to non-controlling interests reported in consolidated financial statements by entity theory. As a result of this study, an increase in non-controlling interest or net income attributable to non-controlling interests seems to improve the accounting quality by reducing earnings management using discretionary accruals, but it can be seen that managers are raising profits using real activity earnings management. This study contributes greatly to the practice as well as academia in that it suggests that investors, managers, and financial analysts need to understand the components of consolidated net income correctly.

토끼 폐에서 Triolein과 Oleic Acid에 의해 유발된 폐동맥 지방색전증의 CT 소견과 병리소견

백혜원,유승민,이화연,송인섭,유현,이종범,김양수,곽병국,심형진,김건상,이용철,이태진,성동욱 대한영상의학회 2006 대한영상의학회지 Vol.54 No.2

재무분석가의 현금흐름 예측 요인 분석

백혜원,서영미 한국세무학회 2018 세무와 회계저널 Vol.19 No.1

This study investigates relatively recent and growing trend in analyst making operating cash flow forecasts. We find cash flow forecasts are made for companies with accounting, operating and financing characteristics that are likely to make cash flows more helpful in interpreting earnings and assessing firm viability. We find that cash flow forecasts are more likely made for firms:(1) with lower accounting quality which is measured by accrual quality;(2) with greater capital intensity;(3) with forecasted earnings losses;and (4) larger firms. These findings suggest that market participants demand cash flow forecasts when cash flows are relatively more useful in assessing firm value. Supporting this explanation, we also find that analysts make cash flows forecasts when current cash flows have greater ability to predict future cash flows. However, we find there is no significant relationship between cash flow forecasts and stock returns around the earnings announcement date. Our paper contributes to the existing literature on analyst forecasts for listed firms on Korea Stock Exchange, the majority of which concentrate mainly on analyst earnings forecasts. Therefore, our findings provide important implications to not only investors and creditors but also regulators who are interested in analyst behavior in releasing cash flow forecasts for listed firms on Korea Stock Exchange. Researchers who are interested in this area can also apply the discussion in this paper for the related studies. 본 연구는 유가증권상장기업을 대상으로 기업의 특성에 따라 재무분석가들이 이익 이외에 현금흐름을 추가적으로 예측하는지를 규명하는데 있다. 나아가 재무분석가들이 현금흐름을 추가적으로예측하는 활동이 미래 현금흐름을 예측하는 능력을 향상시키는지와 투자자들이 이러한 재무분석가들의 현금흐름 예측 활동을 투자에 대한 긍정적인 신호로 인식하는지를 살펴보았다. 본 연구의 실증분석결과, 발생액의 질로 측정한 이익의 질이 낮을수록, 유형자산이 많을수록, 대기업일수록, 그리고 재무분석가가 전년도 이익손실을 예측한 기업일수록, 재무분석가들은 이익 이외에 현금흐름을 추가적으로 예측하였다. 또한, 재무분석가들이 이익 이외에 현금흐름을 추가적으로 예측한 기업들은 현재 현금흐름이 미래 현금흐름을 예측하는 설명력이 보다 증가하였다. 마지막으로 재무분석가들의 현금흐름 예측에 대한 투자자들의 반응을 살펴본 결과 유의적인 결과를 얻지 못하였다. 즉, 재무분석가들이 이익 이외에 현금흐름을 추가적으로 예측하는 노력은 현재 현금흐름이 미래 현금흐름을 보다 잘 예측할 수 있는 데에 기여하였지만 투자자들은 이를 인지하지 못하고 있음을 알 수 있다. 재무분석가들은 기업특성에 따라 이익 정보보다 현금흐름 정보가 기업 가치를 잘 반영해주는 유용한 정보가 될 수 있기 때문에 투자자들에게 이익 이외에 현금흐름에 대한예측 정보를 제공하는 것을 알 수 있다. 그러나 재무분석가들이 이익 이외에 현금흐름을 예측하는데는 시간과 비용이 추가적으로 소모되기 마련이다. 본 연구의 결과는 이익의 질이 높은 기업은 재무분석가의 이익예측 정보만으로도 투자자들에게 충분한 정보를 제공할 수 있으므로 현금흐름을예측하는데 추가적으로 소모되는 시간과 비용을 절약할 수 있음을 시사한다. 재무분석가에 대한 기존의 선행연구들은 주로 재무분석가들의 이익예측에 중점을 두고 있다. 본연구의 결과는 기존의 선행연구에 추가적으로 이익 이외에 현금흐름예측 정보도 미래 기업의 가치를 평가하는데 중요한 잣대가 될 수 있음을 시사한다.

تحوّل الخطاب السردي في الأدب العربي بعد هزيمة 67: قصّة تحت المظلة أنموذجا

백혜원 명지대학교(서울캠퍼스) 중동문제연구소 2022 중동문제연구 Vol.21 No.3

This study began with the premise of recognizing the importance of narrative analysis that focuses on analyzing and critiquing a work of literature based not on its content, but rather on how its content is delivered. Therefore, this study first elaborates upon the concept of the narrative being its own independent research topic in the field of literature, as well as the serial processes and principles by which it can become its own standard in analyzing works of literature, and at the same time, examines in detail what the formative elements of a narrative are. In addition, this research identifies how, after defeat in the Third Arab-Israeli War in 1967, narrative discourse in modern Arab literature changed and developed in a form different from previous discourse; the research further analyzes the cause of these changes from internal and external perspectives. Furthermore, the researcher uses Egyptian author Naguib Mahfouz’s short story Under the Canopy as an example to discuss the main characteristics of narrative discourse in Arab literature as newly formed after the War of 1967, and to analyze the hidden messages within this narrative technique. انطلق هذا البحث من إدراك أهمية دراسة الأدب اعتمادا على مفهوم الخطاب الذي يركز ابتداءً على الخصائص النوعية للأدب مما يضمن موضوعية الدراسة الأدبية والنقدية. ويسعى هذا البحث إلى بيان مفهوم الخطاب وتطوّره منذ نشأته كعلم مستقل أكاديمي في المجال الأدبي بناء على نظريات الشكلانيين الروس واللسانيات، فضلا عن الإشارة إلى مكونات الخطاب الأساسية وهي: الزمن والجهة والصيغة. وأكد البحث أن ملامح الخطاب تتطور حسب المتغيرات الزمنية والمعطيات التاريخية، ومن أبرز الامثلة على ذلك خطاب ما بعد هزيمة 67 في العالم العربي؛ فيقف البحث عند عوامل خارجية وداخلية وراء هذا التطور، ويحاول الكشف عن تجليات الخطاب الجديد في رواية تحت المظلة لنجيب محفوظ أنموذجا وتأويل رسائل الكاتب المستترة فيها.

종파 갈등과 타자화의 서사적, 언어적 표현 연구: 『움미 히싸네 쥐들』을 중심으로

백혜원,황의현 명지대학교(서울캠퍼스) 중동문제연구소 2023 중동문제연구 Vol.22 No.2

The main objective of this study is to analyze the novel Mama Hissa’s Mice of the Kuwait writer Suʿūd al-Sanʿūsī and to identify the messages and themes that the author is trying to convey, focusing on how the writer presents sectarian conflicts. For this purpose, this study first arranges the main motifs and events in the novel to understand the overall narrative and process of intensification and development of conflict between characters. The various narrative techniques, linguistic discourses and symbols used by the author to describe the conflict are dealt with in this study. The study finds that linguistic discourses and symbols used by the characters in the novel to define, otherize, and attack the other sect are based on conflicting historical memories between sects. 본 연구의 주요 목적은 쿠웨이트 작가 수우드 앗사누시의『움미 히싸네 쥐들』을 중심으로 작가가 이슬람 종파 갈등과 분열을 표현한 방식을 분석하고 전달하고자 하는 메시지와 주제의식을 파악하는 것이다. 이를 위해 본 연구는 우선 소설에 나타난 주요 모티브와 사건을 배열해보며 어떻게 인물들 간의 종파 갈등이 점차 심화되고 발전되는지 그 전반적인 과정과 역사적 배경을 알아보고, 작가가 어떠한 방식으로 이러한 갈등 구조를 구체화시켰는지 소설에 사용된 다양한 서사 기법과 그 의미를 알아본다. 이후 소설 속 인물들이 상대 종파를 타자로 규정하고 배척 및 공격하기 위해 사용된 다양한 언어적 담론과 상징들을 역사적 기억이라는 근거에 따라 분석한다.

An analysis of the problem of the self and the other, and the metaphorical expressions conveying this conflict in the novel, The Bamboo Stalk

백혜원 한국아랍어아랍문학회 2022 아랍어와 아랍문학 Vol.26 No.2

حاول هذا البحث الكشف عن ملامح إشكاليات الأنا والآخر بأنماطها الجديدة التي تسلط رواية ساق البامبو الضوء عليها بصورة مركزة؛ وهي إشكاليات ناشئة عن العلاقة بين الأنا العربية الكويتية والآخر العمالة الوافدة الآسيوية، والآخر أبناء العاملات الآسيويات، والآخر البدون. وقد ظهر هذا الآخر الجديد مع تغير أنماط الحياة في العصر الحديث بالدول العربية الخليجية والكويتية على وجه الخصوص، وأصبحت إشكالية الأنا والأخر فيها أكثر حدة وتعقيدا من الإشكالية مع الآخر القديم الذي كان يتجلى غالبًا بالغربي في الأعمال الأدبية العربية حتى منتصف القرن الماضي. وقد يرجع سبب تعقيد الإشكالية إلى أن الآخر الجديد -خاصة أبناء العاملات الآسيويات والبدون- أصلا جزء من الأنا، إذ إنه يحمل الهوية العرقية أو الاجتماعية أو الثقافية أو الدينية المتشابهة أو المتطابقة مع الأنا، وليس آخر ينفصل ويختلف تماما عن الذات العربية الكويتية. وفي رواية ساق البامبو تتجلى إشكالية الأنا والآخر في تكوين العلاقة بينهما بصور فنية سردية مختلفة بما يتناسب مع رغبة الكاتب في التعبير عن انتقاده للمجتمع الكويتي والأنا الكويتية المتزمتة والمنغلقة على نفسها. وهنا ركزت هذه الدراسة على التقاط صور فنية استعارية ترسم الآخرين في الرواية علما بأن الاستعارة ليست أداة لسانية أو لغوية فحسب، وإنما هي وسيلة ذهنية تحمل فكر المؤلف وتبين رؤيته تجاه العالم من حوله أيضا حسب نظرية الاستعارة التصورية.

An Analysis of the Image of the Other as Depicted in Modern Arabic Poetry: Focusing on the Northeast Asian (Far East) Other

백혜원 한국아랍어아랍문학회 2023 아랍어와 아랍문학 Vol.27 No.1

From the past to the present, Arabs have depicted a variety of Others in their works of literature. In particular, high levels of interaction with Westerners due to their geographic proximity has meant that there have been a variety of images and value assessments of Westerners presented across prose and verse, while on the other hand, Asian Others, especially those of Northeast Asian countries like Korea, Japan, and China, have rarely been seen in works of literature. Literature is inherently the product of an individual’s and society’s values; based on this inherent characteristic of literature, this research seeks to understand the depiction of the Northeast Asian Other as seen in Arab literature, and by doing so, explore the Arab cultural sphere’s perception of the new Other that is the Northeast Asian Other, as well as the background and causes behind how said perception was formed. This study selects a total of three modern Arabic poems that depict Japanese and Chinese Others, and categorizes each of the images depicted in the poems by their characteristics, seeking to understand the reasons behind the formation of such images, and further compare and analyze the differences between the three works. يحاول هذا البحث بيان حضور صور الآخر الشرقي في الأدب العربي، ويقتصر الآخر الشرقي هنا على دول الشرق الأقصى الثلاثة: اليابان والصين وكوريا. ويسعى البحث إلى التنبيه لطريقة تشكّل صور هذا الآخر في النصوص الأدبية، ورصد نظرات الأدباء العرب ومواقفهم تجاه الآخر الشرقي الأقصى، وتخمين دوافع تصويرها للآخر على هذا النحو. وكذلك يحاول البحث الكشف عما إذا كان الأدباء العرب قد اتّصلوا أو احتكّوا مع دول الشرق الأقصى أو شعوبها أوثقافتها أو تاريخها سواء أكان مباشرا أو غير مباشر؟ وهل يصنع هذا الأمرُ سمات معينة تميز النص الأدبي عن غيره؟ وتتوسل هذه الدراسة بالمنهج الوصفي التحليلي الذي يهدف إلى الوصف الدقيق للظاهرة الأدبية ويسعى إلى تحليل هذه الظاهرة ويفككها إلى عناصر لمعرفة الروابط بينها.

커큐민과 지방 기질세포가 흰 쥐의 창상치유에 미치는 영향

백혜원,황동연,유결,변준희,Paik, Hye-Won,Hwang, Dong-Yeon,Yoo, Gyeol,Byeon, Jun-Hee 대한성형외과학회 2010 Archives of Plastic Surgery Vol.37 No.2

Purpose: On this study, we investigated the effects of curcumin and adipose-derived stromal cells (ADSCs) in wound healing process, especially in the aspect of synergic effects when they were administrated simultaneously. Methods: Curcumin (40 mg/kg) and/or $1.0{\times}10^6$ ADSCs were applied to an $1.5{\times}1.5\;cm$-sized full thickness wound on the backs of male Lewis rats (n=5 in each group). In control group (n=5), saline was administrated instead of curcumin and ASCs. The wound size was followed by computer planimetry in 5, 7, and 14 days, and wounds were harvested for histological analysis in 7 and 14 days. Results: The dimensions of wounds of curcumin, ADSCs, and curcumin-ADSCs group significantly decreased in 5, 7, 14 days compared with those of control group (p<0.05), but there were no significant differences among three groups. The wound sizes were lowest in curcumin-ADSCs group compared with the other groups, but the differences were insignificant (p>0.05). There were infiltration of more epithelization and more precisely organization of extracellular matrix in curcumin, ADSCs, and curcumin-ADSCs group compared with those of control group. Conclustion: The results suggest that curcumin and ADSCs have beneficial effects in the acceleration of wound healing. Although the simultaneous application of curcmin and ADSCs also has beneficial effects on wound healing, there are no significant synergic effects.

수지첨부에 발생한 멜라닌결핍흑색종의 치험례

백혜원,김상화,변준희 대한성형외과학회 2008 Archives of Plastic Surgery Vol.35 No.3

Purpose: Amelanotic melanoma represents a melanoma with an absence or a small number of melanin pigments and comprises 2% of all melanomas. These melanomas are frequently misdiagnosed, probably because of its nonspecific clinical features and difficulty in diagnosis, resulting in delayed diagnosis and treatment. We report a patient with amelanotic melanoma, who underwent surgical treatment with sentinel lymph node biopsy using gamma probe. Methods: A 32-year-old female was presented with a slowly growing ill-defined, hypopigmented nonerythematous lesion with nail defect on right index finger tip. Preoperative punch biopsy was performed, showing an amelanotic melanoma. Sentinel lymph node biopsy was done using gamma probe(Crystal probe system, CRYSTAL PHOTONICS GmbH, Germany) and confirmed no evidence of regional lymph node metastases. The patient underwent amputation at the proximal interphalangeal joint. Results: Histopathologic findings showed superficial spreading melanoma. There were no melanin pigments in Hematoxylin & Eosin stain but positive immunohistochemical stainings for S-100 protein and Hmb45, which were consistent with amelanotic melanoma. Patient’s postoperative course was uneventful without any complication and had no evidence of recurrence of tumor in 6 months follow-up period.Conclusion: Amelanotic melanoma is extremely rare subtype of malignant melanoma with histopathologic findings of atypical melanocytes without melanin pigments. Early detection is crucial since survival is strongly related to tumor thickness and tissue invasion at the time of diagnosis. Wide excision is the treatment of choice and other conjunctive therapy has not been successful.

안와첨부 이물 육아종의 치험례

백혜원,최종우,정현권,이백권,안상태,Paik, Hye Won,Choi, Jong Woo,Chong, Hyun Kwon,Lee, Paik Kwon,Ahn, Sang Tae 대한성형외과학회 2005 Archives of Plastic Surgery Vol.32 No.1

It is often difficult to identify and localize intraorbital foreign bodies despite of modern high-resolution imaging investigation. Especially, posteriorly located foreign bodies have increased risks of morbidity that surgical approach is often complicated. No matter how trivial it seems, retained foreign body, particularly organic in nature, may give rise to severe orbital and cerebral complications. High clinical suspicion, proper diagnostic studies, timely referral to a skilled orbital surgeon are mandatory. We report a case of intraorbital wooden foreign body that required two separate exploration for removal. Initial exploration failed to identify and locate the foreign body completely. After the operation, fistula formation and purulent discharge were developed and the imaging investigation results were equivocal, complicating the management. A second exploration yielded multiple intraorbital wooden foreign body in the apex of orbit. The patient fully recovered without complication. The evaluations and the details of management strategy are discussed.