기업의 소송 관련 정보공시에 대한 가치관련성

초록

The entity recognizes the present obligation as a provision if it is highly probable that an obligation exists and if it meets the recognition criteria. On the other hand, if it is probable that the present obligation will be present but the likelihood of a present obligation is not very high, it is recognized as a contingent liability if the possibility of a resource outflow is not very high. Information related to lawsuits that the entity discloses in the business report annotations is likely to be of low value relevance in terms of the outflow of economic benefits and the estimation of reliable amounts. Therefore, this study verified the value relevance of corporate litigation information disclosed in the financial statement annotation. For this purpose, this study examines the relationship between the number of lawsuits filed through 2011 and 2017 when the K-IFRS was adopted, and the value of the corporation's value against the litigation value, using the Ohlson model(1995). As a result, both the number of lawsuits (SUE-Num) and litigation value per share (SUE_Amt) did not show statistically significant effect on firm value. The results are the same for firms that disclose SUE-Num and SUE_Amt and those that do not disclose related information. This analysis can be interpreted as the fact that litigation information disclosed through the business report annotations is not a provision but a trigger liability. In other words, information related to a company's litigation is highly likely to be present, but it is not likely that there will be a current obligation, Confirmation means that there is a limit. However, this does not mean that the disclosure of litigation information is not necessary. In other words, from the viewpoint of the stakeholders of the capital market, the information on the litigation of the enterprise is meaningful information, but the information value as a contingent liability is considered because it can not reliably measure the amount of the possibility of leakage or possibility of leakage.

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