The Impact of IFRS Adoption on Accounting Quality and Value Relevance in Korea

• 발행기관: 한국회계정보학회
• 저자명: Kwan Choi Sung-Ho Choi ln-Sook Kim Myung S. Park
• 간행물 정보: 『한국회계정보학회 학술대회발표집』2012년 춘계학술대회 발표집, 85~116쪽, 전체 32쪽
• 주제분류: 경제경영 > 회계학
• 파일형태: PDF
• 발행일자: 2012.05.19

영문 초록

Using a sample of Korean firms, we investigate the impact of the mandatory adoption of International Financial Reporting Standards (IFRS) on accounting quality and value relevance in Korea. We find that mandatory adoption of IFRS significantly influences Korean firms’ reported earnings and book value of equity (BVE). Specifically, we show that return on assets (ROA) under Korean Generally Accepted Accounting Principles (KGAAP) is negatively associated with the reconciliation adjustment of ROA between Korean-International Financial Reporting Standards (K-IFRS) and K-GAAP. We also find that the reconciliation adjustment in earnings appears to be incrementally value relevant for Korea Securities Dealers Automated Quotation (KOSDAQ)-listed firms and non-chaebol subsample. Overall, our results portray a consistent picture of the transition effects of K-IFRS on financial statements in Korean firms.

목차

I. Introduction

II. Research Background and Literature Review

III. Research Design and Sample

IV. RESULTS

V. Conclusion

Reference