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Does Accruals Quality Influence Management Choice on Disclosure Contents?

정광화|오광욱
경영경제연구소 (management & economic research institute)|2024.06|아태비즈니스연구 ((APJB) Asia Pacific Journal of Business)|제15권 제2호|pp. 23-40|DOI https://doi.org/10.32599/apjb.15.2.202406.23

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참고문헌

키워드

Voluntary DisclosureInformation RiskAccruals QualityRegulation Fair Disclosure

초록

Purpose- The purpose of this study is to examine the relation between accruals quality and managers’ choice on the type of voluntary disclosure. Design/methodology/approach-Samples of this study are 8,248 firm-year observations listed in Korea Stock Exchange. Poisson regression analysis was hired in order to analyze the association between disclosure frequency and accruals quality because the dependent variables are count data. Findings- First, this study finds that managers’ use of non-earnings-related type of voluntary disclosure is negatively related to accruals quality while their use of earnings-related disclosure is positively related to accruals quality. Second, discretionary accruals quality as well as innate accruals quality is significantly associated with disclosure frequency. Research implications or Originality- This study extends the line of research by incorporating the content of voluntary disclosure, earnings- and non-earnings-related information. The results of this study suggest that accruals quality may play a role in the choice of disclosure manner when investigating managers’ voluntary disclosure.

Abstract

Purpose- The purpose of this study is to examine the relation between accruals quality and managers’ choice on the type of voluntary disclosure. Design/methodology/approach-Samples of this study are 8,248 firm-year observations listed in Korea Stock Exchange. Poisson regression analysis was hired in order to analyze the association between disclosure frequency and accruals quality because the dependent variables are count data. Findings- First, this study finds that managers’ use of non-earnings-related type of voluntary disclosure is negatively related to accruals quality while their use of earnings-related disclosure is positively related to accruals quality. Second, discretionary accruals quality as well as innate accruals quality is significantly associated with disclosure frequency. Research implications or Originality- This study extends the line of research by incorporating the content of voluntary disclosure, earnings- and non-earnings-related information. The results of this study suggest that accruals quality may play a role in the choice of disclosure manner when investigating managers’ voluntary disclosure.

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