한국채택국제회계기준의 도입 이후의 자본시장 안전성

• 영문명: Capital market Stability after the Adoption of International Financial Reporting Standards: Focusing on the mediating effect of conservatism
• 발행기관: 한국무역연구원
• 간행물 정보: 『무역연구』제18권 제3호, 131~152쪽, 전체 22쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2022.06.30

영문 초록

Purpose This study examines the effect of the International Financial Reporting Standards (IFRS), which has been mandatory since 2011 for listed companies, on the stock price crash through conservatism. Design/Methodology/Approach The stability of the capital market was measured by stock price crash, and Khan and Watts (2009)’s method of measuring the level of conservatism was used. To verify the mediating effect, regression analysis was performed 3 times, and the results of the sobel test were also confirmed. Findings As a direct effect, IFRS adoption was found to increase the stock price crash in the stock market. The level of conservatism has decreased due to IFRS adoption. Conservatism has been found to be a parameter between IFRS adoption and the stock price crash. Research Implication This study is meaningful in that it examines the effect of IFRS adoption on the changes in the information environment of Korean companies, that is, the stock price crash. It was revealed that the level of conservatism after IFRS adoption is an important factor in the stability of the capital market.

목차

Ⅰ. 서론

Ⅱ. 선행연구 및 연구가설

Ⅲ. 연구 방법 및 표본 선정

Ⅳ. 실증 분석결과

Ⅴ. 결론

References

키워드

Conservatism IFRS Adoption Mediating Effect Stock Price Crash