earticle

영어

This study focuses on the effect of the international financial reporting standard(IFRS) in China on earning management through verifying the quality of accounting information of Chinese listed companies. Furthermore, the main purpose of this study is to raise the understanding about the environment of chinese accounting system through analysing the effect of Chinese new accounting standard introduction in 2007 (named CAS2006 as following) on Chinese listed companies’ earning management. The efforts of improvement of transparency and reliability of financial information have systematically increased from the point of the change of the international financial reporting standards. However, Chinese cases have shown lack of consistency about the results, and there have been insufficient studies, in Korea, targeting to listed Chinese companies. Therefore, it needs to analyse the impact of the introduction of International Accounting Standards. This study analyse the impact of IFRS on listed Chinese companies with focus on Earning Management of listed Chinese companies after introduction of CAS2006. The analysis results of this study are as follows. After introduction of CAS2006, through Multiple Regression Analysis and T-test, the initial value of discretionary accruals was shown decrease while the absolute value of discretionary accruals was shown increase. In the earning management using real activity excepting for abnormal sales costs, the Earning Management was decreased, and, in the total of Earning Management using real activity was shown similarly deceasing. Hence, in the overall view, while the result means that the introduction of CAS2006 has improved listed Chinese companies to increase reported earning with Earning Management using real activity, it is shown as expanding the discretion of the executive in the Earning Management using accruals.

한국어

본 연구는 중국 상장기업들이 산출한 회계정보의 질에 대한 검증을 통하여 중국에서의 국제회계기준 도입이 이익조정에 미치는 영향을 분석하는데 그 초점을 둔다. 또한 2007년 중국국제회계기준(이하 CAS2006라고 함) 의 변경이 중국 상장기업들의 이익조정에 미치는 영향을 분석함으로써 중국회계환경 변화에 대한 이해도를 높 이는데 그 연구 목적이 있다. 본 연구의 분석결과는 다음과 같다. T검증과 다중회귀분석을 통하여 CAS2006 도 입 후에 재량적 발생액의 절대값은 증가하는 것으로 나타났으며 실물활동을 이용한 이익조정에서는 비정상 판 매관리비용을 제외한 나머지 부분에서는 보고이익을 증가하는 이익조정이 감소하였으며 실물활동을 이용한 이 익조정의 종합치는 도입 전에 비하여 보고이익을 증가하는 이익조정이 유의하게 감소한 것으로 나타났다.