保守主義會計가 會計情報의 價値關聯性에 미치는 影響에 關한 硏究
(A) Study on the influence of conservative accounting method in value relationship of the accounting information
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This study examines essential assessment of the factor in accounting information in theoretical and empirical research considering the influence of conservative accounting method in value relationship of the accounting information by Ohlson model. The selected 168 sample companies are exclued financial institutions among the all quoted companies include in KIS-FAS data package of Korea Credit Assessment CO., Ltd. from year 1996 to 2001. To verify the hypothesis, the study used dummy variables to identify the accounting conservativeness in value relationship of the accounting information. The abstracted results of the empirical analysis in the studies are as follows. 1. The analysis of correlation and influence between the value of a firm equity and the accounting variables of inventory and tangible assets showed 1% significance level in total year that proved the validity of the model. 2. The result of regression in regards to dummy variables in total year showed the accounting non-conservativeness is more affected than the accounting conservativeness in value relationship of the accounting information. 3. The result of regression in regards to dummy variables in individual year showed the conservativeness in accounting and non-conservativeness in accounting are affected in value relationship of the accounting information. The limitation of this study should be complemented in diverse ways for more positive study concerning the accounting conservativeness. The first limitation of this study is a short of total number of sample companies lacking empirical analysis base in line of business. Secondly, diverse analytical methodology in accounting conservative should be examined for more objectivity in value relationship of the accounting information.