최고경영자 영향력과 회계보수주의 : 지배구조, 내부회계관리운영조직, 감사품질에 따라

초록

The objective of our paper is to verify the effect of CEO power on accounting conservatism. To do this, we used CEO Pay Slice(below : CPS) measurement as the proxy of CEO power. And we measured accounting conservatism by the methods of Feltham and Ohlson(1995), Zhang(2000) and Penman and Zhang(2002). The samples of this paper selected from listed corporate at KRX, consist of 1,167 observations can be collected from 2013 to 2017. The verification result of our paper can be summerized in the following. First, the CEO power(CPS) has a significant negative relevance on accounting conservatism. Second, corporate governance can effect on the relevance between the CEO power(CPS) and accounting conservatism. Third, Internal accounting control system can effect on the relevance between the CEO power(CPS) and accounting conservatism. Forth, Audit Quality can effect on the relevance between the CEO power(CPS) and accounting conservatism. So we can expect that the more CEO has a absolute power the less corporate apply the conservatism in accounting. This study has a limitation of CEO Pay Slice(CPS) measurement because we can just acquire the information of registration of officers’ pay. But we hope that our study can be the steppingstone on CEO power research.

키워드