기업의 잠정실적 부호전환이 실제이익조정에 미치는 영향

• 영문명: The Impact of Reversal in Accounting Earnings Signs Based on Preliminary Earnings Announcements on Real Earnings Management
• 발행기관: 강원대학교 경영경제연구소
• 저자명: 김승준(Seung-Jun Kim) 박성종(Sung-Jong Park)
• 간행물 정보: 『아태비즈니스연구』제15권 제3호, 309~323쪽, 전체 15쪽
• 주제분류: 인문학 > 문학
• 파일형태: PDF
• 발행일자: 2024.09.30

국문 초록

Purpose - This study investigates whether firms engage in Real Earnings Management surrounding preliminary earnings announcements when experiencing a reversal of accounting earnings signs. Design/methodology/approach - We use ordinary least squares regression analysis to examine the association between the reversal of accounting earnings signs and three measures of REM(abnormal operating cash flows, abnormal discretionary expenses, and abnormal production costs). Findings - Our findings indicate that both profit-to-loss and loss-to-profit reversals are positively associated with all three measures of REM. This suggests that managers use various REM activities to mitigate negative consequences or enhance positive perceptions associated with earnings reversals. Research implications or Originality - This study provides new insights into the relationship between preliminary earnings announcements and REM by documenting that the reversal of accounting earnings signs is a significant determinant of managers' REM decisions. Our findings highlight the importance of scrutinizing REM activities surrounding preliminary earnings announcements, particularly when firms experience a reversal of accounting earnings signs.

목차

Ⅰ. 서론

Ⅱ. 선행연구 및 가설 설정

Ⅲ. 연구방법론

Ⅳ. 실증분석 결과

Ⅴ. 결론

References

키워드

Preliminary Earnings Announcements Sign Reversal Real Earnings Management