A Comparison of Earnings Quality Between KOSPI Firms and KOSDAQ Firms

상장기업과 코스닥기업의 회계이익의 질 비교

  • Received : 2016.10.25
  • Accepted : 2017.01.20
  • Published : 2017.01.28


This study analyzed and compared the accounting earnings quality after the adoption of K-IFRS, targeting the stock exchange-listed firms (KOSPI, KOSDAQ). The analysis first revealed that KOSPI had higher quality accruals, and better persistence and predictability of the reported earnings and cash flows, compared to KOSDAQ. Second, in both KOSPI and KOSDAQ, the predictability of future cash flow showed that the accounting earnings was better than the cash flows. Third, for the persistence and predictability of earnings associated with the degree of accruals, in KOSPI and KOSDAQ both all, groups with better accruals quality had greater persistence and predictability of earnings, and a better future cash flow predictability of accounting earnings.


Korean International Financial Reporting Standards(K-IFRS);Earnings Quality;Persistence;Predictability;Accruals


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