會計變更의 株價影響에 관한 硏究 = The Effects of Accounting Change on Stock Prices

다국어 초록 (Multilingual Abstract)

Nowadays, it is emphasized that the basic objective of accounting is to provide information about business enterprise that is useful useful to financial statement users, particularly owners and creditors in making economic decisions. Nonetheless, the importance of information for efficient resource allocation in capital markets would seem beyond question.
The purpose of this study is to empirically test impacts of accounting changes on stock prices, so that we can evaluate the usefulness of information about accounting change. This study examines the relationship of accounting changes of enterprises with their stock prices.
The results of this study support that semi-strong form efficient market hypothesis is not accepted in the Korean stock markets. These results can be obtained by analyzing the CAR graphs and these CAR graphs show a remarkable behavior difference between prior and posterior periods to change date.

목차 (Table of Contents)

• 1. 서론
• 2. 기존연구 고찰
• 3. 회계변경의 주가반응에 관한 실증연구
• 4. 실증연구의 결과분석
• 5. 결론
• 참고문헌