Resources Recycling (자원리싸이클링)

The Korean Institute of Resources Recycling (한국자원리싸이클링학회)
권호 표지
DOI QR코드

DOI QR Code

The Effect of Waste Disposal Volume on Earnings Management Behavior in the Construction Waste Disposal Industry - Focused on the Size of the Licensed Storage Capacity and the Location of the Waste Disposal Site -

건설폐기물 기업의 폐기물처리량이 이익조정에 미치는 영향 - 허용보관량 규모와 폐기물처리장 소재지를 중심으로 -

  • Kim, Dae-Bong (Business Administration, Seoul School of Integrated Sciences and Technologies) ;
  • Lee, Hyo-Ik (School of Business Administration, Sunkyunkwan University)
  • 김대봉 (서울과학종합대학원 경영학) ;
  • 이효익 (성균관대학교 경영학과)
  • Received : 2015.08.27
  • Accepted : 2015.09.30
  • Published : 2015.10.30
Download PDF
⟨ Previous Next ⟩

Abstract

The purpose of this study is to analyse whether the waste disposal volume level in the construction waste disposal industry makes a different effect on earnings management behaviour by size of the licensed storage capacity and by location of the waste disposal site. The empirical results of this study are as follows. First, the waste disposal volume significantly influences earnings management behavior. When it comes to the size of licensed storage capacity in the small-sized capacity firms, the smaller waste disposal volume firms make more aggressive earnings management by using discretionary accruals. On the other hand, in the large-sized capacity firms, more waste disposal volume firms report higher earnings by adjusting more discretionary accruals. Second, the effects of waste disposal volume on the earnings management show different pattern depending on the location of waste disposal site. When the firms are located in the non-capital regions, the smaller waste disposal volume firms report higher earnings by adjusting discretionary accruals as well as by using real activities earnings management. However, the firms located in the capital regions show more aggressive earnings management when they have higher waste disposal volume level.

본 연구에서는 건설폐기물 기업의 폐기물처리량이 이익조정에 미치는 영향이 허용보관량 규모와 폐기물처리장 소재지에 따라서 차별적으로 나타나는지를 검증하였다. 주요 실증분석 결과 첫째, 건설폐기물 기업의 폐기물처리량은 이익조정에 영향을 미치며, 허용보관량 규모별로 규모가 작은 기업의 경우 폐기물처리량이 적을수록, 규모가 큰 기업의 경우 폐기물처리량이 많을수록 재량적 발생액을 이용한 이익조정이 이루어지는 것으로 나타났다. 둘째, 폐기물처리량이 이익조정에 미치는 영향은 폐기물처리장 소재지별로 비수도권에 소재한 기업의 경우 폐기물처리량이 적을수록, 수도권에 소재한 기업의 경우 폐기물처리량이 많을수록 재량적 발생액 및 실물활동을 통한 이익조정이 이루어지는 것으로 나타났다. 본 연구결과는 아직까지 연구되지 않은 건설폐기물 기업의 이익조정 동기 요인으로 폐기물처리량의 영향을 분석하고 그 효과가 허용보관량 규모와 폐기물처리장의 소재지 등 기업이 처한 환경에 따라 차별적으로 나타난다는 실증결과를 제시하였다는 점에서 의의가 있다.

Keywords

References

  1. Korea MOE (Ministry of Environment), 2014: White Paper of Environment.
  2. Kim, C, Y., 2004: A study of recycling methods on construction wastes, M.S's thesis, Myong Ji University, Korea.
  3. Sun, B, K., 2003: Assessment of recycling of construction wastes in Korea and study on its improvement, M.S's thesis, Kwangwoon University, Korea.
  4. Jo, H. W., Jung, I. S., and Lee, C. S., 2009: A study for investigating stakeholder's perception on construction waste, Journal of the Architectural Institute of Korea, Structure Section, 29(1), pp. 733-736.
  5. Jo, J. K., 2014: A Study on the effective recycling system through domestic construction wastes and current circumstance, M.S's thesis, Yeungnam University, Korea.
  6. Jun, M. H., Lee, D. H., 2010: Recycled products of construction waste and development on application technologies, Journal of national institute for disaster prevention, 12(2), pp. 81-109.
  7. Oh, J. H. et al., 2008: Recent status on the recycling of construction waste and research trends - The current situation of recycling technology for waste resources in Korea(4), Journal of Korean Institute Resources Recycling, 17(2), pp. 16-29.
  8. Jo, W. I., 2012: Study on the quality improvement through recycled concrete coarse aggregate production process from construction and demolition waste, M.S's thesis, Konkuk University, Korea.
  9. Shin. B. S., 2006: Study on the problem and recycling of the construction wastes, M.S's thesis, Sogang University, Korea.
  10. Park, W. W. et al., 2008: A study on the economic estimation of the recycling of construction waste, Journal of Korean Institute Resources Recycling, 17(2), pp. 55-62.
  11. Kim, G. Y. et al., 2009: Long-term durability of construction structure and effective use of technology for construction waste, Journal of Korean Institute Resources Recycling, 18(3), pp. 11-19.
  12. Park, S. H., 2014: The patterns of earnings management of delisted companies and the effect of substantial investigation system of delisting on the earnings management, PhD's thesis, Hansung University, Korea.
  13. Jones, J., 1991: Earning management during import relief investigations, Journal of Accounting Research, 29(2), pp. 193-228. https://doi.org/10.2307/2491047
  14. Dechow, P. M., Sloan, R. G., and Sweeney, A. P., 1995: Detecting earnings management, The Accounting Reviews, 70(2), pp. 193-225.
  15. Kothari, S. P., Leone, A. J., and Wasley, C. E., 2005 : Performance matched discretionary accrual measures, Journal of Accounting and Economics, 39, pp. 163-197. https://doi.org/10.1016/j.jacceco.2004.11.002
  16. Roychowdhury, S., 2006: Earings management through real activities manipulation, Journal of Accounting and Economics, 42(3), pp. 335-370. https://doi.org/10.1016/j.jacceco.2006.01.002
  17. Cohen, D., Dey, A., and Lys, T., 2008: Real and accrual based earning management in the ore and post Sarbanes-Oxley periods, The Accounting Review, 83(3), pp. 757-787. https://doi.org/10.2308/accr.2008.83.3.757
  18. Dechow, P. M., Kothari, S. P., and Watts, R., 1998: The relation between earning and cash flows, Journal of Accounting and Economics, 25, pp. 133-168. https://doi.org/10.1016/S0165-4101(98)00020-2