국가회계․기금 분류에 따른 이익조정 여부 탐지에 관한 연구

Abstract

[Purpose]This study analyzes whether the fund's earnings management, management method and evaluation system have any relevance to earnings management. Since its establishment, the Fund has undergone many institutional changes due to various problems. As a result, various management methods and evaluation systems for the fund have been newly established and have reached the present. However, the categorization of these funds, and the existence of an appraisal or retention system, can be an incentive for the fund to conduct earnings management. Therefore, in this study, we use the financial information of the fund to detect whether there is earnings management and examine whether there is a difference in whether or not there is a difference in the nature, size, and management method of the fund. [Methodology]In the sample of this study, earnings management was detected using the rate of change of evidence on the cross－sectional profit distribution for all national funds for 8 years from 2010 to 2018. Also, through logit analysis, it is analyzed whether fund management method and evaluation system act as determinants of earnings management. [Findings]As a result of the analysis, through the cross－sectional profit distribution diagram of the fund. It is believed that earnings management is being carried out to avoid this. Also, the inclusion of public institution management funds is a determinant of earnings management, and the results showed that public institution management funds had higher earnings management than government funds. In addition, since it can be confirmed that the funds subject to the management evaluation have higher earnings management than the funds that do not, it is judged that the fund is carrying out earnings management to avoid the management evaluation. [Implications]Combining the analysis results of this study, This suggests that policy makers need to closely monitor the fund’s accounting information. In particular, it is necessary to look into the case of entrusted management of public institution management funds, etc. and funds that require accounting information for evaluation, such as operation and evaluation imprisonment funds, as major management and supervision funds.