• 제목/요약/키워드: internal accounting management

검색결과 115건 처리시간 0.038초

KOSDAQ 신규상장기업의 상장 후 감사인 선임 의사결정과 회계정보의 품질 (Auditor Selection and Earnings Management of KOSDAQ IPO Firms)

  • 이우재;최승욱
    • 기업가정신과 벤처연구
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    • 제20권3호
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    • pp.1-17
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    • 2017
  • 본 연구는 코스닥시장에 신규상장한 기업들의 상장 후 감사인 선임 의사결정과 회계정보의 품질을 살펴보았다. 선행연구는 신규 상장 시 기업들이 고품질 감사인을 선임하는 것은 유리한 조건으로 상장을 하는데 도움을 주며 시장 투자자들의 반응 역시 호의적임을 밝히고 있다. 본 연구는 이를 확장하여 상장한 이후 기업들이 지속적으로 Big N 감사인을 선임하는지를 조사하였다. 또한 Big N 감사인을 선임한 기업들이 상장 이후 회계정보의 품질이 더 높아지는지를 살펴보았다. 2006년 이후 상장예정기업들은 상장직전연도 혹은 상장연도에 증권선물위원회가 선정한 지정감사인을 선임하도록 의무화되어 있으나, 상장 이후에는 자유선임이 가능하다. 2002년에서 2012년 사이에 코스닥시장에 상장한 기업들을 대상으로 조사한 결과, 상장 후 2년까지는 Big N 김사인을 선임하는 경향이 있었으나, 3년 뒤부터는 이러한 경향이 감소하였다. 또한 Big N 감사인 선임으로 인해 회계정보 품질이 향상되는 기간 역시 상장 후 1년 정도까지였다. 추가분석의 결과, 상장연도에 지정감사인의 고객기업은 자유수임 감사인의 고객기업에 비해 오히려 재량적 발생액이 높았다. 그러나 상장 이후 Big N 감사인으로의 감사인 변경은 재량적 발생액을 줄이는 효과가 있었다. 마지막으로, 본 연구의 주요 분석 결과는 성향점수매칭 표본에서도 유사하였다. 본 연구의 결과는 다음과 같은 공헌점을 갖는다. 우선, IPO 관련 선행연구들이 상장시점 혹은 상장직전의 감사인과 회계정보 품질의 관계를 살펴본 것과 다르게 본 연구는 상장 직후 기간을 살펴봄으로써, 상장기업들이 고품질 감사인과 지속적으로 계약하려는 경향이 있는지를 조사하였다. 또한, 본 연구가 발견한 바와 같이 상장 이후 기업들이 고품질 감사인을 선임하려는 경향이 기간 경과에 따라 감소하고, Big N 감사인들의 감사품질 역시 감소하는 것은 상장사와 주간회사, 신규상장 관련 정책 입안자들 및 시장의 투자자들에게 여러 시사점을 제공하고 있다.

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Fulfilling the Export Potential of Agricultural Production in the Context of Aggravating Global Food Crisis

  • Hassan Ali Al-Ababneh;Ainur Osmonova;Ilona Dumanska;Petro Matkovskyi;Andriy Kalynovskyy
    • International Journal of Computer Science & Network Security
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    • 제24권7호
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    • pp.128-142
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    • 2024
  • Creation and implementation of export-oriented strategy is an urgent issue of economic development of any country. In an export-oriented model of economic development, exports should be a means of promoting economic growth and a tool to strengthen existing and potential competitive advantages. Agricultural production is the key factor in exports and the source of foreign exchange earnings in many countries. However, the export potential of agricultural producers may be inefficiently fulfilled due to the heterogeneity of countries in terms of economic development, trade relations and border policy. The aim of the research is to study the nature, main trends and problematic aspects of fulfilling the export potential of agricultural production in the context of aggravating food crisis. The study involved general scientific methods (induction and deduction, description, analysis, synthesis, generalization) and special (statistical method, economic analysis, descriptive statistics and interstate comparisons, graphical method). The need to ensure food security by countries around the world urges the importance of the agricultural sector as a catalyst for economic development, sources of foreign exchange earnings, investment direction, etc. The study of agricultural specialization led to the conclusion that wheat and sugar are goods with the highest export potential. It is substantiated that the countries of South America, OECD, North America and Europe have the highest level of realization of export potential of agricultural production, and African countries are import-dependent. In addition, the low export orientation of Africa and Asia due to the peculiarities of their natural and climatic conditions is established based on the assessment of export-import operations in the regional context. The internal and external export potential of each of the regions is analysed. Economic and mathematical simulation of assessing the impact of the most important factors on the wheat exports volumes was applied, which allowed predicting wheat exports volume and making sound management decisions regarding the realization of the export potential of agricultural companies. The inverse correlation between the exports volume and wheat consumption per capita, and the direct correlation between the effective size and area of land used for wheat cultivation was established through the correlation and regression analysis.

이익조정이 신용등급에 미치는 영향 (The Effect of Earnings Management on the Bond Grading)

  • 김양구;권혁기;박상봉
    • 경영과정보연구
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    • 제34권2호
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    • pp.113-130
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    • 2015
  • 본 연구는 경영자의 이익조정 행위가 신용평가 기관의 신용등급 형성에 어떠한 영향을 미치는지에 대해 분석한다. 구체적으로 경영자의 이익조정을 발생액 기준 이익관리와 실물활동에 따른 이익관리로 구분하여 각각의 이익조정 형태가 신용등급에 미치는 영향을 분석하였다. 이를 위해 2002년부터 2010년까지 한국거래소에 상장되어 있는 2,150개/연 자료를 대상으로 분석하였다. 실증결과는 다음과 같다. 첫째, AM(발생액 기준 이익조정)과 RM(실물활동 기준 이익조정의 개별측정치의 합)은 신용등급과 유의한 음(-)의 관련이 있는 것으로 나타났다. 이러한 결과는 신용평가기관이 발생액을 통한 이익조정 및 실물활동에 기인한 이익조정을 간파하고 신용평가등급결정 시 이에 대한 충분한 고려가 이루어지고 있음을 시사한다. 또한 실물활동을 통한 이익조정의 개별적 측정치에 대해서 비정상 영업현금흐름(R_CFO)과 비정상 제조원가(R_PROD)가 신용등급에 미치는 영향은 유의하지 않거나 통계적으로 매우 약한 수준에서 유의적인데 반해, 비정상 재량적 지출(R_DISX)의 경우 모든 모형에서 1% 유의수준에서 음(-)의 관련성을 나타냈다. 본 연구는 신용등급이 경영자의 기회주의적 이익관리행위를 통제하여 자본시장에 존재하는 정보불균형을 감소시키고 정보 중개인으로써의 역할을 충실히 수행하고 있는지를 분석함으로써 자본시장의 효율성 제고에 대한 시사점을 제공할 것이다.

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정보보안기업의 사외이사제도가 이익조정에 미치는 영향에 관한 연구 (A Study on the Effects of Earnings Management in Outside Directors System for Information Security Company)

  • 김동영
    • 한국전자거래학회지
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    • 제19권2호
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    • pp.143-158
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    • 2014
  • 우리나라 정보보안 기업은 대체로 소유와 경영이 명확하게 분리되어 있지 않아 이사회가 원활히 제 기능을 하지 못하고 지배주주가 경영의사결정에 관여하며 이사회가 내부적인 통제 임무를 제대로 수행하지 못한다는 문제점들이 있다고 제기되었다. 본 연구의 목적은 정보보안 기업이 기업지배구조 개선의 일환으로 도입한 사외이사제도가 회계정보 투명성에 실효성이 있는지 여부를 알아보고 또한 기업경영의 전반적인 부분에서 효율적으로 운영이 되고 있는지를 경영자의 이익조정과 관련하여 실증자료를 이용하여 분석하고자 한다. 즉 구체적인 목적은 기술집약적 특성을 가진 정보보안기업을 중심으로 이사회의 사외이사비율과 사외이사의 이사회의 참석율을 대상으로 이익조정과의 관계를 파악하는데 목적이 있다. 본 연구의 <가설 1>은 이사회의 사외이사의 비율은 재량적 발생액과 부(-)의 관계에 있다. <가설 2>는 사외이사의 이사회 참석율은 재량적 발생과 부(-)의 관계에 있다. 실증분석결과 <가설 1>은 사외이사비율과 재량적 발생액의 관계는 가설과 같이 부(-)의 관계를 보이며 유의하므로, 채택되었다. 가설 2는 사외이사 참석율과 재량적 발생도 가설과 마찬가지로 회귀계수가 부(-)의 관계를 보이고 유의하므로 채택되었다.

지방의료원의 경영활동 운영자금 조달방법과 경영성과에 미치는 영향 (Operation Financing Method for Management Activities and Effect on Management Performance in Regional Public Hospitals)

  • 정용모;하오현
    • 융합정보논문지
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    • 제10권11호
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    • pp.324-331
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    • 2020
  • 본 연구는 의료기관 회계정보 공시시스템에 등록된 29개 지방의료원의 재무정보를 이용하여 지방의료원들이 경영활동 운영자금 조달방법별 조달비율과 이들이 당기순이익에 어떠한 영향을 미치는지를 분석하였다. 연구결과, 지방의료원들의 경영활동 운영자금 조달비율은 의료수익 83.50%, 의료부대수익9.53%, 기부금수익 4.54%, 기타 의료외 수익 4.42%, 감가상각비 1.21%, 고유목적사업준비금 전입액 0.73%이었다. 지방의료원들의 경영활동 운영자금 조달방법들이 당기순이익에 미치는 영향을 살펴본 결과 의료수익, 의료부대수익, 기부금수익, 기타 의료외수익에 의한 운영자금 조달비율이 당기순이익에 긍정적인 영향을 미쳤으며, 고유목적사업준비금 전입액에 의한 조달비율이 당기순이익에 부정적인 영향을 미치는 것으로 확인되었다. 따라서 지방의료원들이 바람직한 경영활동을 위해서는 비용관리에 있어서 자체발생수익, 내부에 유보할 수 있는 자금 등을 고려할 필요성이 제기된다.

The Effects of Managerial Attributes on Cost Stickiness: An Empirical Analysis of Korean Exporters and Implications for Start-ups

  • Ji, Sang-Hyun;Kwon, Il Sook;An, Sang Bong
    • Journal of Korea Trade
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    • 제25권2호
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    • pp.196-219
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    • 2021
  • Purpose - We attempted to empirically verify the effects of managerial attributes on cost stickiness in exporters. Exporters are often affected not only by external factors such as exchange rate but also by internal factors such as managerial attributes regarding their business activities. Because cost stickiness is the product of a manager's decision-making, it has been considered that managerial attributes have a great influence on the behavior. Therefore, our study was intended to find out whether cost stickiness shows differentiated aspects depending on managerial attributes in exporters. Design/methodology - We considered two managerial attributes: CEO power and managerial overconfidence. First, CEO power was measured as CEO pay slice. In addition, managerial overconfidence was measured based on three methodologies presented by previous studies. To measure cost stickiness, we used multiple methodologies presented by prior research. Findings - The results of our empirical analysis are as follows. First, in export firms, the greater CEO power is, the greater cost stickiness is. This result suggested that export managers with great influence little respond to temporary sales decrease promptly, little reduce related production costs flexibly in preparation for future sales recovery, but leave room to endure costs for idle resources. Second, the greater managerial overconfidence is, the greater cost stickiness is. This result indicated that export managers with great overconfidence on their decision-making often view the prospect for sales recovery positively; therefore, they little respond to temporary sales decrease immediately, little reduce related production costs flexibly for future sales recovery, but leave room to endure costs for idle resources. Third, export managers with great influence in their businesses and great overconfidence in their decision-making tend to show relatively great cost stickiness. The results proposed that the combination of the two factors functions to make cost stickiness greater. Originality/value - Our study is differentiated from extant studies in that we provided empirical evidence of the effects of managerial attributes on their business activities in exporters. Specifically, we verified the effects of managerial attributes on cost stickiness in Korean exporters. The results of our study are expected to contribute to providing useful information for exporters and start-ups.

The Semiconductor Industry and High-Quality Economic Development: An International Perspective

  • Eun-Young Nam;Xiao-Long Wang
    • Journal of Korea Trade
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    • 제26권7호
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    • pp.77-92
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    • 2022
  • Purpose - This paper is an empirical investigation of the mediation effect of innovation activity in industry transformation considering the relationship between the semiconductor industry and high-quality economic development. The research questions are whether the semiconductor industry drives high-quality economic development and if so, what is the semiconductor industry's role in high-quality development? We found that the semiconductor industry has clearly improved the quality of economic development, and its comparative advantage has significantly increased per capita national incomes. Furthermore, innovation activity proved to be an intermediary factor for the semiconductor industry to promote high-quality economic development. The world economy should aim to reasonably develop the international semiconductor industry and cultivate innovation markets. Design/methodology - Our empirical model considers the relationship between the semiconductor industry, innovation activity, and high-quality economic development. We constructed an analysis framework based on data from 199 World Bank economies between 1995 and 2019, and we used a mediation effect method to calculate the total effect of the semiconductor industry on promoting high-quality economic development, the indirect effect of the semiconductor industry on promoting innovation activity, and the mediation effect of these innovation activities on the promotion of high-quality economic development. Findings - The results show that the semiconductor industry has significantly promoted high-quality economic development. This is true even after the robustness test of grouping and alternative variables was applied. An analysis of the mechanism shows that promoting patents, scientific research, efficient government, and urban management innovation are important mechanisms for the semiconductor industry to release high-quality development dividends. Originality/value - Although it has been shown that specific industries like semiconductors can affect high-quality economic development through industrial upgrading, few researchers have attempted to empirically test the impact of the semiconductor industry on high-quality economic development. In this paper, we use a mediation effect model, alternative variables and a grouping test to find the internal mechanisms of the comparative advantage of the semiconductor industry in high-quality economic development from the perspective of innovation activity.

Bleeding control of an injury to the infrarenal inferior vena cava and right external iliac vein by ipsilateral internal iliac artery and superficial femoral vein ligation after blunt abdominal trauma in Korea: a case report

  • Hoonsung Park;Maru Kim;Dae-Sang Lee;Tae Hwa Hong;Doo-Hun Kim;Hangjoo Cho
    • Journal of Trauma and Injury
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    • 제36권4호
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    • pp.441-446
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    • 2023
  • Inferior vena cava (IVC) injuries, while accounting for fewer than 0.5% of blunt abdominal trauma cases, are among the most difficult to manage. Despite advancements in prehospital care, transportation, operative techniques, and perioperative management, the mortality rate for IVC injuries has remained at 20% to 66% for several decades. Furthermore, 30% to 50% of patients with IVC injuries succumb during the prehospital phase. A 65-year-old male patient, who had been struck in the back by a 500-kg excavator shovel at a construction site, was transported to a regional trauma center. Injuries to the right side of the infrarenal IVC and the right external iliac vein (EIV) were suspected, along with fractures to the right iliac bone and sacrum. The injury to the right side of the infrarenal IVC wall was repaired, and the right internal iliac artery was ligated. However, persistent bleeding around the right EIV was observed, and we were unable to achieve proximal and distal control of the right EIV. Attempts at prolonged manual compression were unsuccessful. To decrease venous return, we ligated the right superficial femoral vein. This reduced the amount of bleeding, enabling us to secure the surgical field. We ultimately controlled the bleeding, and approximately 5 L of blood products were infused intraoperatively. A second-look operation was performed 2 days later, by which time most of the bleeding sites had ceased. Orthopedic surgeons then took over the operation, performing closed reduction and external fixation. Five days later, the patient underwent definitive fixation and was transferred for rehabilitation on postoperative day 22.

산업장 교대근무 근로자의 건강증진행위 예측요인 (Predictive Factors of Health promotion behaviors of Industrial Shift Workers)

  • 김영미
    • 한국직업건강간호학회지
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    • 제11권1호
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    • pp.13-30
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    • 2002
  • Industrial shift workers feels suffer mental stresses which are caused by unfamiliar day sleep, noisy environment, sleeping disorder by bright light, unusual contacts with family, difficulty in meeting with friends or having formal social meetings and other social limitations such as the use of transportation. Such stresses influence health of the workers negatively. Thus the health promotion policy for shift workers should be made considering the workers' ways of living and shift work specially. This study attempted to provide basic information for development of the health promotion program for industrial shift workers by examining predictive factors influencing health promotion behaviors of those workers. In designing the study, three power generation plants located in Pusan and south Kyungsang province were randomly selected and therefrom 280 workers at central control, boiler and turbine rooms and environmental chemistry parts whose processes require shift works were sampled as subjects of the study. Data were collected two times from September 17 to October 8, 1999 using questionnaires with helps of safety and health managers of the plants. The questionnaires were distributed through mails or direct visits. Means for the study included the measurement tool of health promotion behavior provided by Park(1995), the tool of self-efficacy measurement by Suh(1995), the tool of internal locus of control measurement by Oh(1987), the measurement tool of perceived health state by Park(1995) and the tool of social support measurement by Paek(1995). The collected data were analyzed using SPSS program. Controlling factors of the subjects were evaluated in terms of frequency and percentage ratio Perceived factors and health promotion behaviors of the subjects were done so in terms of mean and standard deviation, and average mark and standard deviation, respectively. Relations between controlling and perceived factors were analyzed using t-test and ANOVA and those between perceived factors and the performance of health promotion behaviors, using Pearson's Correlation Coefficient. The performance of health promotion behaviors was tested using t-test, ANOVA and post multi-comparison (Scheffe test). Predictive factors of health promotion behavior were examined through the Stepwise Multiple Regression Analysis. Results of the study are summarized as follows. 1. The performance of health promotion behaviors by the subjects was evaluated as having the value of mean, $161.27{\pm}26.73$ points(min.:60, max.:240) and average mark, $2.68{\pm}0.44$ points(min.:1, max.:4). When the performance was analyzed according to related aspects, it showed the highest level in harmonious relation with average mark, $3.15{\pm}.56$ points, followed by hygienic life($3.03{\pm}.55$), self-realization ($2.84{\pm}.55$), emotional support($2.73{\pm}.61$), regular meals($2.71{\pm}.76$), self-control($2.62{\pm}.63$), health diet($2.62{\pm}.56$), rest and sleep($2.60{\pm}.59$), exercise and activity($2.53{\pm}.57$), diet control($2.52{\pm}.56$) and special health management($2.06{\pm}.65$). 2. In relations between perceived factors of the subjects(self-efficacy, internal locus of control, perceived health state) and the performance of health promotion behaviors, the performance was found having significantly pure relations with self-efficacy (r=.524, P=.000), internal locus of control (r=.225, P=.000) and perceived health state(r=.244, P=.000). The higher each evaluated point of the three factors was, the higher the performance was in level. 3. When relations between the controlling factors(demography-based social, health-related, job-related and human relations characteristics) and the performance of health promotion behaviors were analyzed, the performance showed significant differences according to marital status (t=2.09, P= .03), religion(F=3.93, P= .00) and participation in religious activities (F=8.10, P= .00) out of demography-based characteristics, medical examination results (F=7.20, P= .00) and methods of the collection of health knowledge and information(F=3.41, P= .01) and methods of desired health education(F=3.41, P= .01) out of health-related characteristics, detrimental factors perception(F=4.49, P= .01) and job satisfaction(F=8.41, P= .00) out of job-related characteristics and social support(F=14.69, P= .00) out of human relations characteristics. 4. The factor which is a variable predicting best the performance of health promotion behaviors by the subjects was the self-efficacy accounting for 27.4% of the prediction, followed by participation in religious activities, social support, job satisfaction, received health state and internal locus of control in order all of which totally account for 41.0%. In conclusion, the predictive factor which most influence the performance of health promotion behaviors by shift workers was self-efficacy. To promote the sense, therefore, it is necessary to develop the nursing intervention program considering predictive factors as variables identified in this study. Further industrial nurses should play their roles actively to help shift workers increase their capability of self-management of health.

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해외투자(海外投資)와 지속가능발전 원칙 - 적도원칙(赤道原則)(Equator Principles)을 중심으로 - (How to Reflect Sustainable Development in Overseas Investment including Equator Principles)

  • 박훤일
    • 한국무역상무학회:학술대회논문집
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    • 한국무역상무학회 2006년도 제35회 하계 정기세미나
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    • pp.45-72
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    • 2006
  • The Equator Principles are a set of voluntary environmental and social guidelines for ethical project finance. These principles commit banks and other signatories to not finance projects that fail to meet these guidelines. The principles were conceived in 2002 on an initiative of the International Finance Corporation and launched in 2003. Since then, dozens of major banks have adopted the Principles, and with these banks among them accounting for more than three quarters of all project loan market volume the Principles have become the de facto standard for all banks and investors on how to deal with potential social and environmental effects of projects to be financed. While regarding the Principles an important initiative, NGOs have criticised the Principles for not producing real changes in financing activities and for allowing projects to go through that should have been screened out by the Principles, such as the Sakhalin-II oil and gas project in Russia. In early 2006, a process of revision of the principles was begun. The Equator Principles state that endorsing banks will only provide loans directly to projects under the following circumstances: - The risk of the project is categorized in accordance with internal guidelines based upon the environmental and social screening criteria of the International Finance Corporation (IFC). - For all medium or high risk projects (Category A and B projects), sponsors complete an Environmental Assessment, the preparation of which must meet certain requirements and satisfactorily address key environmental and social issues. - The Environmental Assessment report addresses baseline environmental and social conditions, requirements under host country laws and regulations, applicable international treaties and agreements, sustainable development and use of renewable natural resources, protection of human health, cultural properties, and biodiversity, including endangered species and sensitive ecosystems, use of dangerous substances, major hazards, occupational health and safety, fire prevention and life safety, socio-economic impacts, land acquisition and land use, involuntary resettlement, impacts on indigenous peoples and communities, cumulative impacts of existing projects, the proposed project, and anticipated future projects, participation of affected parties in the design, review and implementation of the project, consideration of feasible environmentally and socially preferable alternatives, efficient production, delivery and use of energy, pollution prevention and waste minimization, pollution controls (liquid effluents and air emissions) and solid and chemical waste management. - Based on the Environmental Assessment, Equator banks then make agreements with their clients on how they mitigate, monitor and manage those risks through an 'Environmental Management Plan'. Compliance with the plan is required in the covenant. If the borrower doesn't comply with the agreed terms, the bank will take corrective action, which if unsuccessful, could ultimately result in the bank canceling the loan and demanding immediate repayment. - For risky projects, the borrower consults with stakeholders (NGO's and project affected groups) and provides them with information on the risks of the project. - If necessary, an expert is consulted. The Principles only apply to projects over 50 million US dollars, which, according to the Equator Principles website, represent 97% of the total market. In early 2006, the financial institutions behind the Principles launched stakeholder consultations and negotiations aimed at revising the principles. The draft revised principles were met with criticism from NGO stakeholders, who in a joint position paper argued that the draft fails by ignoring the most serious critiques of the principles: a lack of consistent and rigorous implementation.

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