희석화 증권의 주당이익의 유용성에 관한 실증연구

• 영문명: A Study on the of Earnings Information:With Emphasis on Earning Reflecting Dilutive Securities
• 발행기관: 한국전통상학회
• 저자명: 金甲鍾(Kim, Kab-jong)
• 간행물 정보: 『한국전통상학연구』한국전통상학연구 제19집 제1호, 69~93쪽, 전체 25쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2005.06.30

영문 초록

The Capital Market in Korea has markedly grown up and sophiscated. As a result, Investors and credotor are much interested in earnings numbers ; Earnings Per Share (EPS), Fully diluted Earnings Per Share(FDEPS), Ordinary Income Per Share(OIPS), Fully diluted Ordinary Income Per Share(FDOIPS). In this study, I tried to test the usefulness of earnings informations in the Korea stock market. For testing the method I applied is as follows: First, the mean difference between the EPS and EDEPS within the experimental group was calculated, and between OIPS and FDOIPS. Secondly, the correlation analysis between earnings numbers and rate of stock return. Thirdly, I used the regression anlysis to find the explanatory factor of rhe rate of stock return with the increasing rate of the EPS. Emprical results as follows:First, the mean diffrence between the EPS and the DFEPS are significant. and between the OIPS and FDOIPS are significant. Secondly, the control group shows higher correlation that that of experimental group in case of the correlationl analysis of the rate of stock return with the increasing rate of the EPS. Thirdly, I applied the regression analysis for the reasoning of the rate of stock return and the experimental group shows higher reason than that of the control group in case of simple EPS, and increasing rate of the FDEPS shows more significant than that of the simple EPS within the experimental group, and the OIPS or FDOIPS shows more significant than that of the simple EPS. I would like to make a conclusion like this:company in this country which holds the dilutive securitities would better way to release their FDEPS and OIPS in their income statement in addition ti the simple earnings per share.

목차

Ⅰ. 서론

Ⅱ. 선행연구

Ⅲ. 연구가설과 표본기업

Ⅳ. 실증분석 결과

Ⅴ. 결론

참고문헌

Abstract