학술논문
회계정보의 적시성 결정요인과 주가반응
이용수 55
- 영문명
- The Timeliness of Financial Accounting Disclosures
- 발행기관
- 호남대학교 인문사회과학연구소
- 저자명
- 이화진(Hwajin Lee)
- 간행물 정보
- 『인문사회과학연구』제9집, 289~322쪽, 전체 34쪽
- 주제분류
- 사회과학 > 사회과학일반
- 파일형태
- 발행일자
- 2002.12.30
6,880원
구매일시로부터 72시간 이내에 다운로드 가능합니다.
이 학술논문 정보는 (주)교보문고와 각 발행기관 사이에 저작물 이용 계약이 체결된 것으로, 교보문고를 통해 제공되고 있습니다.
국문 초록
영문 초록
It is emphasized that the basic objective of accounting is to provide the information about business enterprise that is useful to information users in making economic decisi -os. Timeliness is an important determinant of information usefulness. FASB views time -liness as an "ancillary aspect" of relevance, which is one of the two primary decision- specific qualities delineated by SFAC No.2. Yet there has been only a little research on the timeliness of financial accounting disclosures, and more, in Korea, previous research has repoted mixed results.
The objectives of this research are as follows:
1. What is the feature of the timeliness of annual earnings announcement in Korea
2. What is the association between financial reportint delay and firm chracteristics, paticularly, firm size and operating peformance?
3. What is the relationship between the timeliness of annual earnings announcement and the magnitude of the related market reation?
The research period was covered by 9 years form 1998 to 1996. The sample of 118 firms in 13 industries was collected from the firms listed on the Korea Stock Exchange on March, 1996. Dates of annual earnings announcement were collected from audit report and inner documents o "Korea Listed Companies Association". Firm characteris -tics were derived from KIS-FAS. Stock returns were derived from KIS-SMAT.
The testing hypothesis are as follows:
H1: Firm size is expected to be nagatively associated with annual earnings reporting delay.
H2: The type of news is expected to be negatively associated with annual earnings reporting delay.
H3: The annual earnings reporting delay is expected to be negatively associated with announcement-date market reaction.
The association between selected firm characteristics and reporting delay was examined by non-parametric statistics. In the research for the relationship between the timeliness of annual earnings disclosure and the associated securities price reaction, OLS regression were run with Atiase et al.'s SQR statistics as dependent variable (which is derived from the daily return) and the firm size, reporting delay as the explanatory variables.
The empirical results of this study are as follows:
1. Firm size is highly associated with annual earning reporting delay.
In Korea, Larger firms usually disclose earnings relatively early.
2. Bad news tends to be delayed, though the significance is los.
3. After controlling for firm size, the length of the reporting delay is inversely related to the magnitude of report period price revaluations. That is, longer delays are associated with smaller market reactions, and this relation holds for the expected portion of the total chronological lag, as well as for the enexpected lag.
This study has several limitations.
1. The timing of accounting reporting is not conclusive.
2. The daily return has non-synchronicity problem, and size variable, lag variable are highly right-skewed. Logs of the variables must have been used.
3. The sample size is not sufficient because of restrict sample criteria. This confound the construction of portfolio.
4. In each year analysis, there are some cases that the result is inconsistent. This implies that pooling regression results might have been influenced by paticular year.
목차
Ⅰ. 서론
Ⅱ. 회계보고 적시성의 성격
Ⅲ. 선행연구의 검토와 기설의 설정
Ⅳ. 표본의 선정과 연구방법
Ⅴ. 실증분석 결과
Ⅵ. 결론 및 한계점
참고문헌
ABSTRACT
해당간행물 수록 논문
- 지리정보시스템(GIS)을 이용한 사회복지기관 관리시스템 구축 연구
- 러시아 지방정치의 制約性과 변화전망
- 북한 협동농장의 분배제도와 개혁전망에 관한 연구
- 農村地域의 綠色觀光開發에 관한 硏究
- 電子去來에 관한 硏究
- 회계정보의 적시성 결정요인과 주가반응
- 刊行辭
- 국제마케팅조직에 관한 연구
- 사형폐지에 대한 대책
- 高麗 中樞院의 軍事的 職能
- 이기영<고향>에서 본 조선 현대 지식인의 양면성
- 제조업 생산의 지역별 차이에 대한 검정
- 창의성 연구 현황 및 향후 연구방향에 대한 고찰
- 중앙정부와 지방정부의 관계에 관한 연구
- On the Subsystems in the Relations between Sout-North Korea
참고문헌
관련논문
사회과학 > 사회과학일반분야 BEST
더보기사회과학 > 사회과학일반분야 NEW
- 장애인재활상담사 보수교육 운영에 관한 인식 연구: 재활관련 기관 종사자 FGI를 기반으로
- 장애인재활상담사의 직무요인과 상담 전문성, 자기효능감이 심리적 소진에 미치는 영향
- 발달장애 근로 청년의 1인 가구 자립생활 지원 욕구에 관한 연구: 장애 당사자⋅보호자⋅지원인력을 중심으로
최근 이용한 논문
교보eBook 첫 방문을 환영 합니다!
신규가입 혜택 지급이 완료 되었습니다.
바로 사용 가능한 교보e캐시 1,000원 (유효기간 7일)
지금 바로 교보eBook의 다양한 콘텐츠를 이용해 보세요!