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The Effects of IFRS Adoption on Accounting Quality : Early Evidence in Korea

백정한|최종서|하순영
한국국제회계학회 (Korea International Accounting Association)|2013.12|국제회계연구 (Korea International Accounting Review)|제52호|pp. 51-76|DOI 10.21073/kiar.2013..52.003

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키워드

IFRSInternational Financial Reporting Standards재무보고코스닥상장기업income smoothingAccounting quality유가증권상장기업Domestic GAAPbenchmark earnings managementtimeliness of loss recognitionKOSPI and KOSDAQ목표이익달성을 위한 이익조정손실인식

초록

This paper examines whether adoption of International Financial Reporting Standards is associated with accounting quality in Korea by classifying all listed firms into KOSPI and KOSKAQ to test the difference of accounting quality between K-IFRS and K-GAAP. We provide evidence on the effects of mandatory IFRS adoption on income smoothing, benchmark earnings management, and reporting aggressiveness (proxied by timeliness of loss recognition) using a sample of more than 1,030 firms in Korea that adopted IFRS in 2011. We compare KOSPI firms’ earnings with earnings for KOSDAQ firms which exhibit more evidence of smoothing, greater tendency to manage towards a target, and less timely recognition of losses after IFRS adoption in 2011. Our findings contrast with prior studies that document evidence suggesting an increase in accounting quality after the adoption of IFRS.

Abstract

This paper examines whether adoption of International Financial Reporting Standards is associated with accounting quality in Korea by classifying all listed firms into KOSPI and KOSKAQ to test the difference of accounting quality between K-IFRS and K-GAAP. We provide evidence on the effects of mandatory IFRS adoption on income smoothing, benchmark earnings management, and reporting aggressiveness (proxied by timeliness of loss recognition) using a sample of more than 1,030 firms in Korea that adopted IFRS in 2011. We compare KOSPI firms’ earnings with earnings for KOSDAQ firms which exhibit more evidence of smoothing, greater tendency to manage towards a target, and less timely recognition of losses after IFRS adoption in 2011. Our findings contrast with prior studies that document evidence suggesting an increase in accounting quality after the adoption of IFRS.

참고문헌 (32)

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관련 논문AI추천

The Impact of K-IFRS Adoption on the Value Relevance of Accounting Information지현미사람과세계경영학회 · Global Business and Finance Review2017 · 제22권 제2호Does Adoption of K-IFRS Increase Upward Bias in Analysts’ Earnings Forecasts?박창균, 이의섭한국재무관리학회 · 재무관리연구2019 · 제36권 제1호IFRS and Market Reactions to Analyst Stock Recommendations: Evidence from Korea모경원, 정균범, 황인덕사람과세계경영학회 · Global Business and Finance Review2017 · 제22권 제1호한국채택국제회계기준(K-IFRS)의 도입이 보수주의에 미치는 영향 : 유통기업들을 중심으로(초기 일시적 적응 현상)김동일, 노길관한국유통과학회 · 유통과학연구2015 · 제13권 제9호한국채택국제회계기준(K-IFRS)의 도입과 회계이익의 질에 관한 연구 : 조기도입기업과 의무도입 기업의 비교이유식, 홍정화한국국제회계학회 · 국제회계연구2013 · 제47호K-IFRS도입과 적자회피동기가 이익조정에 미치는 영향김헌숙, 정재을한국국제회계학회 · 국제회계연구2014 · 제54호

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