77 research outputs found
The Relationship between the Level of Business Ethics and Accounting Transparency for SME and Large Company
This study examines the relationship between corporate ethical commitment index(ECI)
calculated by Choi and Jung(2008) and discretionary accruals(DA) estimated by modified
Jones model(1995) as accounting transparency. We assume that companies with a higher
level of ethical commitment show better quality financial reporting than those with a lower
level of ethical commitment.
To test the hypotheses, the regression models include ECI and the absolute DA as the
dependant or main independent variables to analyze both sides by ex-ante or ex-post on the
basis of the year 2008. The test sample consists of 451(ex-ante) and 783(ex-post) firm-year
data, selected from the KRX listed companies of 2005๏ฝ2012.
Consistent with our prediction, we find that companies with a higher level of ethical
commitment are engaged in less earnings management. We also find that
SME(small-medium enterprises) and Large Companies some produce different results for the
differences of ethical perceptions with political cost hypothesis.2
The Effect of Patent Rights on the Economic Value Added(EVA) in the Case of KOSDAQ
This study examines the effect of patent rights (PAT) on the future firm value of KOSDAQ firms. The research seeks to determine whether there is a positive association between PAT and economic value added (EVA), after other intangible assets such as development cost (DEVEL), R&D expenditures (RND), advertising costs (AD), and training/education costs (TRC), and other control variables including firm performance, firm size, and debt ratios, have been considered.
The test sample consists of 640 firms that were listed in the Korea Exchange between the years 2007-2010. The results of the study suggest that there is a positively significant relationship between EVA and PAT; however, in case of DEVEL, RND, AD, and TRC, no such association has been detected. This implies that, as long as the rights to patents resulting from research and development activities are guaranteed, the markets tends to view holding patent rights as future economic benefits.2
The Study of Intangible Asset Valuation According to the Application of International Financial Reporting Standards (IFRS) - Concentrate on PPA method upon the business combination process of A company -
A Study on the Usefulness of Financial Soundness Model: Focused on the Accounting Fraud Firms
A study on the characteristics of the poetic persona in 'Bohyeonsiwonga(ๆฎ่ณขๅ้กๆญ)'
The Effects of Asset Efficiency and Perk Consumption on Default Risk in the Construction Industry
A Study on the Corporate Image and Clothes Purchasing Behavior Depending on the Degree of Interest in Cultural Marketing - Focusing on Uniqlo Brand -
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