비상장 중소·중견기업의 신용등급과 자산재평가에 관한 연구

다국어 초록 (Multilingual Abstract)

The purpose of this study is to compare the financial characteristics of 198 unlisted small and medium firms that have revalued their assets over the seven year period from 2008 to 2014. The results of this study are expected to help the users of accounting information to understand the intention of the revaluation accounting of companies that selected the tangible asset revaluation model. The financial data of unlisted small and medium firms in this study were made through manual operation from the Financial Supervisory Service(fss) and can be used to obtain data for the previous year and the following year based on the year in which the revaluation model was selected. It is a firm that can obtain the data of the previous year and the next year based on the year in which the revaluation model was selected. Among the unlisted small and medium firms, the asset revaluation sample is similar to the asset size and the business. The empirical results of this study are summarized as follows. First, low cash ratio is the motive factor for small to medium firms to select asset revaluation. And the cash ratio is low, it can be a motive factor for raising the cash ratio by revaluing the assets. Third, high borrowing-to-equity ratio was identified as a motive factor for asset
revaluation. This shows that asset revaluation can act as a motive factor for increasing total assets and reporting higher total assets. Third, high borrowing-to-equity ratio was identified as a motive factor for asset revaluation. High borrowing means borrowing more than equity capital. When the revaluation is increased by revaluing the asset, it is accumulated for as other comprehensive income, which is a capital item. This is because even if the borrowing is intact, the amount of equity capital will increase and the debt-to-equity ratio will eventually be lowered. Fourth, firms with higher total assets are identified as motivators for asset revaluation. The results show that firms with high total assets can be motivated to revaluate assets because the benefits from asset revaluation are larger than costs.

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