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자발적으로 감사위원회를 설치한 기업의 특성에 관한 연구 : A Study on the Characteristics of Company Voluntarily Forming an Audit Committee
DC Field | Value | Language |
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dc.contributor.author | 이창우 | - |
dc.contributor.author | 조형득 | - |
dc.date.accessioned | 2010-01-26 | - |
dc.date.available | 2010-01-26 | - |
dc.date.issued | 2004-09 | - |
dc.identifier.citation | 경영논집, Vol.38 No.2∙3, pp. 25-61 | - |
dc.identifier.issn | 1229-0491 | - |
dc.identifier.uri | https://hdl.handle.net/10371/44259 | - |
dc.description.abstract | This research has gone through the characteristics of non-financial companies listed on the
Korean Stock Exchange as of December 31st 2002, which have formed audit committee voluntarily. Previous empirical studies have been conducted in the framework of the agency cost theory, but this report has used an additional factor, and analyzed the enticement of voluntary forming of audit committee within the framework of the quality of financial reporting and agency cost theory. The empirical results of this study are as follows. First, companies with low current ratio, low percentage of shares held by institutional investors, hiring non-BIG5 auditors which are not changed frequently have a tendency to form audit committees. Second, companies with low return on equity, high sales growth rate and high percentage of shares held by foreign investors emphasize corporate transparency by forming an audit committee. Third, companies with high bond/debt ratios tend to form audit committee spontaneously. However, this variable does not constantly give notable results, so we should be careful in generalizing the results. On the other hand, asset turnover, debt ratio, shares held by dominant stockholders do not have notable relationship according to this research. On the basis of these results of the research, it is argued that managerial circumstances affect firms to form the audit committee. | - |
dc.language.iso | ko | - |
dc.publisher | 서울대학교 경영대학 경영연구소 | - |
dc.subject | audit committee | - |
dc.subject | corporate transparency | - |
dc.subject | characteristics of company | - |
dc.subject | quality of financial reporting | - |
dc.subject | agency cost | - |
dc.title | 자발적으로 감사위원회를 설치한 기업의 특성에 관한 연구 | - |
dc.title.alternative | A Study on the Characteristics of Company Voluntarily Forming an Audit Committee | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | Lee, Changwoo | - |
dc.contributor.AlternativeAuthor | Cho, Hyung Deuk | - |
dc.citation.journaltitle | 경영논집 | - |
dc.citation.endpage | 61 | - |
dc.citation.number | 2∙3 | - |
dc.citation.pages | 25-61 | - |
dc.citation.startpage | 25 | - |
dc.citation.volume | 38 | - |
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