국채택국제회계기준과 이익조정의 관련성 = The Relation of the Korean International Financial Reporting Standards to the Earnings Management

다국어 초록 (Multilingual Abstract)

This study analyzes the effect of 2011 K-IFRS adoption on firm s earnings management for the period of 2007 to 2012. This study classifies the earnings management into the discretionary accruals and the real earnings management. Also, the discretionary earnings management are measured by the Modified Jones Model, the Performance Matching Model, and the Cash Flow Model. Major findings are as follows. Firstly, since the discretionary accruals measured by three models have significant negative correlations with K-IFRS adoption, the adoption of K-IFRS has an effect to decrease firm s discretionary accruals. Secondly, although the empirical results are partially significant, the adoption of K-IFRS increases firm s real earnings management. Especially, when the real earnings management is sub-divided into abnormal operational, manufacturing, and administration costs, the manufacturing and administration costs increase significantly after the adoption of K-IFRS. Thirdly, this study finds the evidence that there exists a supplemental relationship between the discretionary accruals and real earnings management. This study partitions the firms of decreasing discretionary accruals into positive and negative discretionary accruals, and finds that the firms of positive discretionary accruals have a significant supplemental relationship between the discretionary accruals and real earnings management. This finding confirms that the decreasing and positive discretionary accruals group seeks the real earnings management as means of earnings management, compared to the decreasing and negative discretionary accruals group. This finding, also, suggests that the firms experiencing difficulties of earnings management with K-IFRS utilize the real earning management as a supplementary alternative.

목차 (Table of Contents)

• I. 서 론 II. K-IFRS와 K-GAAP의 차이 및 선행연구 III. 연구의 가설, 모형 및 표본 IV. 실증분석 V. 결론 및 한계점 참고문헌