A Study on Governmental Accounting Change and Accrual Basis

Nowadays, the governmental accounting of South Korea is facing a radical change that mainly includes Accrual Basis Accounting. In this study, I will discuss key factors of these governmental accounting changes and provide some political suggestions to help the implantation of this new accounting system based on the examples of some other countries. These suggestions include consistency within executive departments, multiple performance indices, training of staff, and electric data processing systems

An Empirical Study on the Explanatory Power of Assets and Earnings Components for the Market Value in Banking Industry

The management of bank asset is divided into loan, marketable securities, foreign exchange, loan guarantee, trust. etc. In case of loan and marketable securities, the verification of the loss and profit information composed of each asset group gives an opportunity to reconsider the role of accounting information. In this dissertation it is tried to verify as following; Firstly, I tried to find the contents of the information about the fair market valuation of the loan and marketable securities affecting the value of banks. In a market reaction to the fair valuation, it is meant that the contents of the accounting information unpublished in the capital market are considered into market valuation of bank, if the fair market valuation elements has significant power of explanation. Secondly, I tried to verify the discriminatory power of explanation about earning items in banking industry. Because of the differently applied risk on each asset, loan and marketable securities has different impact on earning of a bank, eventually so does stock price. This can be verified by changes in stock value about loss of two different assets. Thirdly, it is the verification for the contents of information given by each loss and profit occurred in loan and marketable securities with different characteristics in persistency and volatility. This dissertation verifies that loss and profit occurred in loan and marketable securities provide significant information about the value of the banks in addition to the net income and operating income

An Empirical study on the explanatory power of assets and earnings components for the market value in banking industry

학위논문(박사)--서울대학교 대학원 :경영학과 경영학전공,2000.Docto