한국채택국제회계기준(K-IFRS)은 회계품질을 제고하고 있는가?: New 수정 Jones 모형의 추정에 의한 재량적 발생액의 재분석

초록

Adoption of International Financial Reporting Standards(IFRS) and its effect on accounting quality has been one of the most interesting issues in recent research. However, many empirical investigations show inconsistent results and vary with accounting quality proxies, methodologies, and county-specific characteristics. The distinct feature of our study is using the measure which has proposed by Dechow et al.(2012) as well as the measures which have been used in prior research. We analyze 4,883 firm-year observations between 2002 and 2013. Key findings are as follow. First, results show significant negative relation between IFRS adoption and discretionary accruals. Second, we find consistently significant negative relation between IFRS adoption and discretionary accruals. Considering low discretionary accruals are high accounting quality, empirical evidence implies that the accounting quality has improved after implementing IFRS. With Dechow et al.(2012) model which has reduced specification errors we find more robust evidence of the effect of IFRS adoption on the quality of accounting earnings. Analyses imply that IFRS adoption restricts managerial discretion on accounting choice, which could in-turn improve overall accounting quality.

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