한국융합학회논문지 (Journal of the Korea Convergence Society)

  • 제8권11호
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  • Pages.363-372
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  • 2017
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  • 2233-4890(pISSN)
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  • 2713-6353(eISSN)
한국융합학회 (Korea Convergence Society)
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경영자의 이익예측정보공시가 미래 이익의 질에 미치는 영향

The Effect of Management Earnings Forecasts on Future Earnings Quality

  • 김선구 (한세대학교 국제경영학과)
  • Kim, Seon-Gu (School of Business Adminstration in Hansei University)
  • 투고 : 2017.10.10
  • 심사 : 2017.11.20
  • 발행 : 2017.11.28
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초록

본 연구는 경영자가 제공하는 이익예측정보가 미래 이익의 질에 어떤 영향을 미치는지 분석하였다. 연구의 분석기간은 관심변수(종속변수)를 기준으로 하여 2003년부터 2009년까지(2004년부터 2011년까지)이며, 유가증권상장기업 중 경영자가 영업이익의 예측치를 공시한 기업을 대상으로 총 475개 기업/년 자료가 분석에 이용되었다. 분석결과를 살펴보면 첫째, 당기 경영자의 이익예측성향이 낙관적일수록 미래 이익의 질이 낮은 것으로 나타났다. 둘째, 당기 경영자의 이익예측정확성이 낮을수록 미래 이익의 질이 낮은 것으로 나타났다. 이러한 결과는 미래이익의 질을 결정하는데 있어 경영자의 이익예측정보가 활용될 수 있음을 시사한다.

This study analyzed how management earnings forecasts would have an effect on future earnings quality. The analysis period of study was from 2003 till 2009 (ofrom 2004 till 2011) based on variables of interest (dependent variables) and the annual data from a total of 475 companies that publicly announced manager's operating earnings forecasts among securities listing companies were used for analysis. As a result, first, it appeared that the more optimistic the manager's earnings forecasts were for the current term, the lower the future earnings quality was. Second, it was found that the lower the accuracy of the manager's earnings forecasts was for the current term, the lower the future earnings quality was. Such findings suggest that management earnings forecasts will be used for determining future earnings quality.

키워드

참고문헌

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