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Accounting Conservatism and Real Earnings Management : 회계보수주의 및 실질이익조정
DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | Lee, Yong Gyu | - |
dc.contributor.author | Kim, Yelena | - |
dc.date.accessioned | 2020-05-07T03:18:20Z | - |
dc.date.available | 2020-05-07T03:18:20Z | - |
dc.date.issued | 2020 | - |
dc.identifier.other | 000000159806 | - |
dc.identifier.uri | http://dcollection.snu.ac.kr/common/orgView/000000159806 | ko_KR |
dc.description | 학위논문(석사)--서울대학교 대학원 :경영대학 경영학과,2020. 2. Lee, Yong Gyu. | - |
dc.description.abstract | SFAS № 2 Accounting for Research and Development Costs, effective from 1975, requires the full expensing of R&D expenditure as incurred. Such conservative treatment creates unrecorded R&D reserves, which, as this paper shows, are positively associated with real earnings management through the reduction of R&D expense. In addition, this paper provides empirical evidence that before (after) the passage of SOX firms with more R&D reserves were more likely to engage in income-increasing (income-decreasing) real earnings management through cutting R&D expense. Also, firms with more R&D reserves and less accounting flexibility reduce R&D expense more, whereas firms with more R&D reserves and market-leader status reduce R&D expense less. | - |
dc.description.abstract | 1975년부터 시행된 SFAS № 2 Accounting for Research and Development Costs 기준에 따라 기업이 연구개발비 발생시 전액을 인식해야 한다. 이러한 보수적인 처리는 기록되지 않은 R&D reserve를 창출한다. 본 연구의 결과는 R&D reserve가 클수록 연구개발비 절감을 통한 실질이익조정의 정도가 증가하는 것이다. 또한 본 논문은 SOX의 입법 전 (이후) R&D reserve가 많은 회사는 소득 증가 (감소)하도록 실질이익조정에 더 많이 관여할 가능성이 높았다는 실증적인 증거를 제공한다. 또한 R&D reserve가 많고 회계 유연성이 낮은 회사는 연구개발비를 더 많이 절감하는 반면, R&D reserve가 많고 마켓 리더의 지위를 가진 회사는연구개발비를 덜 절감하는 것으로 나타났다. | - |
dc.description.tableofcontents | 1. INTRODUCTION 1
2. LITERATURE REVIEW AND HYPOTHESIS DEVELOPMENT 5 Real earnings management 5 Definition of conservative accounting and its consequences 6 Accounting conservatism and earnings management 8 3. RESEARCH DESIGN 13 Data and sample selection 13 Measurement of abnormal R&D expense 14 Measurement of R&D reserves created by unconditional accounting conservatism 15 Main regression model: unconditional conservatism and real earnings management 17 4. RESULTS 18 Descriptive statistics 18 The effect of R&D reserves on abnormal R&D expenditure 21 5. ADDITIONAL TESTS 22 Subsample test: the effect of R&D reserves on abnormal R&D expenditure in pre- and post-SOX period 22 Cross-sectional variation in the effect of R&D reserves on abnormal R&D expenditure 24 Addressing concerns of biased coefficients 26 6. CONCLUSION 28 REFERENCES 30 국문초록 49 | - |
dc.language.iso | eng | - |
dc.publisher | 서울대학교 대학원 | - |
dc.subject.ddc | 658 | - |
dc.title | Accounting Conservatism and Real Earnings Management | - |
dc.title.alternative | 회계보수주의 및 실질이익조정 | - |
dc.type | Thesis | - |
dc.type | Dissertation | - |
dc.contributor.AlternativeAuthor | 김옐레나 | - |
dc.contributor.department | 경영대학 경영학과 | - |
dc.description.degree | Master | - |
dc.date.awarded | 2020-02 | - |
dc.identifier.uci | I804:11032-000000159806 | - |
dc.identifier.holdings | 000000000042▲000000000044▲000000159806▲ | - |
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