Pub Date : 2022-08-31DOI: 10.32956/kaoca.2022.20.2.83
S. Hwang
In this study, the effect of the level of ESG activity of companies, which is receiving worldwide attention, on stock price informativeness, is to be confirmed through empirical analysis. Specifically, in this study, the effect of ESG activity on stock price informativeness was empirically analyzed through stock price synchronicity to determine how the ESG activity performance of an individual company had an effect on the volatility of market returns and industrial returns. If investors judge a company’s ESG activities and performance as useful accounting information for forecasting future prospects, they will make investment decisions with more weight on the company’s ESG information when forming future earnings expectations. In this case, the level of stock price movement will be low due to the high explanation of the company’s ESG information. On the other hand, ESG activities and performance will facilitate the use of future vision and information for investors, which will improve the flow of information to the market, and increase information efficiency, which will improve stock price information. The research sample was December settlement companies in the KOSPI market and KOSDAQ market from 2018 to 2021, targeting non-financial listed corporations, and ESG, the main independent variable, was subjected to empirical analysis targeting KOSPI 200 ESG constituents. As a result of empirical analysis, a company’s ESG activity showed a significant positive(＋) correlation with stock price movement. This shows that ESG-active companies have high information efficiency because the unique information of individual companies is sufficiently reflected in the stock price. In other words, it can be judged that companies that actively engage in ESG activities have a high level of information environment and that sufficient information is reflected in their stock prices. The implication of this study is that it will be helpful for creditors and investors to make investment decisions by considering ESG management activities and performance information of companies as ethical management and transparency based on the results of this study. And it is expected that it will be able to induce ESG management activities of companies.
{"title":"ESG Performance of a Company and Stock Price Synchronicity","authors":"S. Hwang","doi":"10.32956/kaoca.2022.20.2.83","DOIUrl":"https://doi.org/10.32956/kaoca.2022.20.2.83","url":null,"abstract":"In this study, the effect of the level of ESG activity of companies, which is receiving worldwide attention, on stock price informativeness, is to be confirmed through empirical analysis. Specifically, in this study, the effect of ESG activity on stock price informativeness was empirically analyzed through stock price synchronicity to determine how the ESG activity performance of an individual company had an effect on the volatility of market returns and industrial returns. \u0000If investors judge a company’s ESG activities and performance as useful accounting information for forecasting future prospects, they will make investment decisions with more weight on the company’s ESG information when forming future earnings expectations. In this case, the level of stock price movement will be low due to the high explanation of the company’s ESG information. On the other hand, ESG activities and performance will facilitate the use of future vision and information for investors, which will improve the flow of information to the market, and increase information efficiency, which will improve stock price information. The research sample was December settlement companies in the KOSPI market and KOSDAQ market from 2018 to 2021, targeting non-financial listed corporations, and ESG, the main independent variable, was subjected to empirical analysis targeting KOSPI 200 ESG constituents. As a result of empirical analysis, a company’s ESG activity showed a significant positive(＋) correlation with stock price movement. This shows that ESG-active companies have high information efficiency because the unique information of individual companies is sufficiently reflected in the stock price. In other words, it can be judged that companies that actively engage in ESG activities have a high level of information environment and that sufficient information is reflected in their stock prices. The implication of this study is that it will be helpful for creditors and investors to make investment decisions by considering ESG management activities and performance information of companies as ethical management and transparency based on the results of this study. And it is expected that it will be able to induce ESG management activities of companies.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134327525","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-31DOI: 10.32956/kaoca.2022.20.2.47
Myoung-Jong Kim, Jong-Gyu Kim
Previous studies have reported conflicting results on the relationship between earnings smoothing and information asymmetry depending on the positive and negative roles of earnings smoothing. For these contradictory results, Jayaraman(2008) confirmed that there is a U-shaped non-linear relationship between earnings smoothing and information asymmetry due to discretionary earnings smoothing. This study tried to verify the nonlinearity of earnings smoothing and information asymmetry by focusing on the conflicting correlation between cash flow and accrual between discretionary earnings smoothing and asymmetric recognition of loss recognition(ATLR). The main findings are as follows. First, as the frequency of ATLR increases, the negative correlation between cash flow and accrual weaken and earnings volatility increase；thus the frequency of ATLR is a factor that lowers the level of earnings smoothing. Second, earnings smoothing and information asymmetry have a positive (＋) relationship in the smooth earnings group, whereas, earnings smoothing and information asymmetry have a negative (-) relationship in the volatile earnings group. This result means a non-linear relationship between earnings smoothing and information asymmetry depending on the volatility of earnings. Third, it is found that information asymmetry increased as the frequency of ATLR increased. This means that as the frequency of ATLR increases, the volatility of earnings increases, and uncertainty about investors’ future earnings and cash flow forecasts increases, resulting in increased information asymmetry. Finally, discretionary earnings smoothing provides a positive (＋) effect to earnings smoothing based on the negative (-) correlation between cash flow and accrual, and results in a positive (＋) relationship between earnings smoothing and information asymmetry. On the contrary, ATLR provides a negative (-) effect on earnings smoothing based on the positive (＋) correlation between cash flow and accrual, and results in a negative (-) relationship between earnings smoothing and information asymmetry. As a result, a non-linear relationship between earnings smoothing and information asymmetry is induced from the conflicting correlation of cash flow and accrual between discretionary earnings smoothing and ATLR.
{"title":"The Effect of Discretionary Earnings Smoothing and Asymmetric Timeliness of Loss Recognition on Nonlinear Relationship between Earnings Smoothing and Information Asymmetry","authors":"Myoung-Jong Kim, Jong-Gyu Kim","doi":"10.32956/kaoca.2022.20.2.47","DOIUrl":"https://doi.org/10.32956/kaoca.2022.20.2.47","url":null,"abstract":"Previous studies have reported conflicting results on the relationship between earnings smoothing and information asymmetry depending on the positive and negative roles of earnings smoothing. For these contradictory results, Jayaraman(2008) confirmed that there is a U-shaped non-linear relationship between earnings smoothing and information asymmetry due to discretionary earnings smoothing. This study tried to verify the nonlinearity of earnings smoothing and information asymmetry by focusing on the conflicting correlation between cash flow and accrual between discretionary earnings smoothing and asymmetric recognition of loss recognition(ATLR). The main findings are as follows. First, as the frequency of ATLR increases, the negative correlation between cash flow and accrual weaken and earnings volatility increase；thus the frequency of ATLR is a factor that lowers the level of earnings smoothing. Second, earnings smoothing and information asymmetry have a positive (＋) relationship in the smooth earnings group, whereas, earnings smoothing and information asymmetry have a negative (-) relationship in the volatile earnings group. This result means a non-linear relationship between earnings smoothing and information asymmetry depending on the volatility of earnings. Third, it is found that information asymmetry increased as the frequency of ATLR increased. This means that as the frequency of ATLR increases, the volatility of earnings increases, and uncertainty about investors’ future earnings and cash flow forecasts increases, resulting in increased information asymmetry. \u0000Finally, discretionary earnings smoothing provides a positive (＋) effect to earnings smoothing based on the negative (-) correlation between cash flow and accrual, and results in a positive (＋) relationship between earnings smoothing and information asymmetry. On the contrary, ATLR provides a negative (-) effect on earnings smoothing based on the positive (＋) correlation between cash flow and accrual, and results in a negative (-) relationship between earnings smoothing and information asymmetry. As a result, a non-linear relationship between earnings smoothing and information asymmetry is induced from the conflicting correlation of cash flow and accrual between discretionary earnings smoothing and ATLR.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125620177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-31DOI: 10.32956/kaoca.2022.20.2.23
Sang-bong Park, Jeong-Eun Lee
This study attempted to investigate structural relationships between theory of planned behavior (TPB, attitude, subjective norms, perceived behavioral control) and technology acceptance model (TAM, perceived usefulness：PU, perceived ease of use：PE) in the acceptance of the information technology system, and the results found the followings：First, the hypothesis that perceived norms and perceived behavioral control would affect perceived usefulness was supported. In other words, personnel relating to the acceptance of the information technology system has an influence on perceived usefulness. The perceived behavioral control also revealed a statistically significant effect of perceived usefulness, which means that as people are given more opportunities to experience new technology before they get new information technology system-related education, their perceived usefulness would further increase. Second, the hypothesis that perceived ease of use would have a statistically significant influence on perceived usefulness was accepted. Third, the hypothesis that perceived usefulness would show a statistically significant effect on attitude was adopted while the hypothesis “perceived ease of use would have an influence on attitude with statistical significance” was rejected. From the perspective of usefulness, as usefulness is more perceived, a desire to accept a new information technology system increases. However, no statistically significant causality was found between ease of use and attitude.
{"title":"The Influence of Theory of Planned Behavior (TPB) on the Perceived Ease of Use and Perceived Usefulness in Accounting Information Users","authors":"Sang-bong Park, Jeong-Eun Lee","doi":"10.32956/kaoca.2022.20.2.23","DOIUrl":"https://doi.org/10.32956/kaoca.2022.20.2.23","url":null,"abstract":"This study attempted to investigate structural relationships between theory of planned behavior (TPB, attitude, subjective norms, perceived behavioral control) and technology acceptance model (TAM, perceived usefulness：PU, perceived ease of use：PE) in the acceptance of the information technology system, and the results found the followings：First, the hypothesis that perceived norms and perceived behavioral control would affect perceived usefulness was supported. In other words, personnel relating to the acceptance of the information technology system has an influence on perceived usefulness. The perceived behavioral control also revealed a statistically significant effect of perceived usefulness, which means that as people are given more opportunities to experience new technology before they get new information technology system-related education, their perceived usefulness would further increase. Second, the hypothesis that perceived ease of use would have a statistically significant influence on perceived usefulness was accepted. Third, the hypothesis that perceived usefulness would show a statistically significant effect on attitude was adopted while the hypothesis “perceived ease of use would have an influence on attitude with statistical significance” was rejected. From the perspective of usefulness, as usefulness is more perceived, a desire to accept a new information technology system increases. However, no statistically significant causality was found between ease of use and attitude.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123465412","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-31DOI: 10.32956/kaoca.2022.20.2.103
Zirou Huang, S. Bae
This study analyzes how the asset management of Chinese commercial banks affects financial stability. In addition, an empirical analysis was conducted on the difference in the effect of bank asset management on financial stability before and after the application of Basel Ⅲ. First, it was analyzed that bank profitability and financial stability decreased as the securities ratio increased. In particular, it was found that the financial stability of banks improved as the securities ratio increased after the implementation of Basel Ⅲ. Second, it was analyzed that profitability decreased as the household loan ratio increased, but financial stability increased. Also, the increase in household loans after the implementation of Basel Ⅲ did not have a positive effect on bank profitability. Third, it was analyzed that as the corporate loan ratio increased, the bank’s financial stability improved. This study is meaningful in that it examines the difference in financial stability of Chinese commercial banks before and after the implementation of Basel Ⅲ, which has not been analyzed in previous studies. The results of this study will be important information for improving financial stability and sustainable development through efficient asset management.
{"title":"The Effect of Asset Management of Commercial Banks in China on Financial Stability after Basel Ⅲ Application","authors":"Zirou Huang, S. Bae","doi":"10.32956/kaoca.2022.20.2.103","DOIUrl":"https://doi.org/10.32956/kaoca.2022.20.2.103","url":null,"abstract":"This study analyzes how the asset management of Chinese commercial banks affects financial stability. In addition, an empirical analysis was conducted on the difference in the effect of bank asset management on financial stability before and after the application of Basel Ⅲ. \u0000First, it was analyzed that bank profitability and financial stability decreased as the securities ratio increased. In particular, it was found that the financial stability of banks improved as the securities ratio increased after the implementation of Basel Ⅲ. Second, it was analyzed that profitability decreased as the household loan ratio increased, but financial stability increased. Also, the increase in household loans after the implementation of Basel Ⅲ did not have a positive effect on bank profitability. Third, it was analyzed that as the corporate loan ratio increased, the bank’s financial stability improved. \u0000This study is meaningful in that it examines the difference in financial stability of Chinese commercial banks before and after the implementation of Basel Ⅲ, which has not been analyzed in previous studies. The results of this study will be important information for improving financial stability and sustainable development through efficient asset management.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129266818","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-31DOI: 10.32956/kaoca.2022.20.2.125
Hyon-Ju Oh, Jae－Won Jeong
This study verified the relationship between earnings management and tax avoidance using the ESG evaluation of socially responsible activities as a variable of long-term sustainability of a company. In addition, environmental(Env), social(Soc), and governance (Gov) variables, which are individual components of ESG, were used as independent variables, and earnings management and tax avoidance were used as dependent variables to empirically verify their effects. As a result of the verification, ESG integration and environmental(Env) variables showed a significant negative(-) correlation with earnings management and tax avoidance, and social(Soc) variables showed a significant negative(-) correlation with earnings management. However, the governance(Gov) variable was not significant with earnings management and tax avoidance. Companies that actively engage in socially responsible activities do not engage in unethical actions such as earnings management and tax avoidance. In addition, it is inferred that the higher the environmental index and social index, the higher the company’s long-term sustainability. This study has academic contribution in the part that verified whether ESG acts as a factor of sustainable management by empirically analyzing the relationship between earnings management and tax avoidance.
{"title":"The Effect of ESG Management on Earnings Management and Tax Avoidance","authors":"Hyon-Ju Oh, Jae－Won Jeong","doi":"10.32956/kaoca.2022.20.2.125","DOIUrl":"https://doi.org/10.32956/kaoca.2022.20.2.125","url":null,"abstract":"This study verified the relationship between earnings management and tax avoidance using the ESG evaluation of socially responsible activities as a variable of long-term sustainability of a company. In addition, environmental(Env), social(Soc), and governance (Gov) variables, which are individual components of ESG, were used as independent variables, and earnings management and tax avoidance were used as dependent variables to empirically verify their effects. As a result of the verification, ESG integration and environmental(Env) variables showed a significant negative(-) correlation with earnings management and tax avoidance, and social(Soc) variables showed a significant negative(-) correlation with earnings management. However, the governance(Gov) variable was not significant with earnings management and tax avoidance. Companies that actively engage in socially responsible activities do not engage in unethical actions such as earnings management and tax avoidance. In addition, it is inferred that the higher the environmental index and social index, the higher the company’s long-term sustainability. This study has academic contribution in the part that verified whether ESG acts as a factor of sustainable management by empirically analyzing the relationship between earnings management and tax avoidance.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125751427","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-31DOI: 10.32956/kaoca.2022.20.2.1
Yu-Ri Kim
The importance of using senior manpower to preemptively respond to the entry into a super-aged society and rapid social change is emerging. Up to now, the job support project for the elderly has remained at a level that is simple and one-time job creation. Accordingly, it is necessary to create jobs that can be actively utilized the specialized skills, knowledge, know-how, past experiences, and careers of seniors. This study intends to propose a support project that provides the basis for sustainable economic activity to seniors by operating a short-distance IT-based platform that can supply talents to those who want to receive the experience and wisdom of seniors in the living area. To summarize the project promotion process, we recruit senior participants and complete the education and training of a startup curriculum specialized for seniors (senior digital competency strengthening education ＋ service education and communication education for activating intergenerational communication ＋ basic entrepreneurship education) education and training to become ‘active seniors’. After that, those who have completed the training course can help start a business by providing 1：1 mentoring on startup items, social media publicity training, and on-site practical experience support, and be registered as a talent seller on the ‘Senior Short-distance Talent Sharing Platform.’ In other words, as a ‘short-distance senior talent sharing platform’, we aim to provide opportunities for ‘active seniors’ to advance into society and provide opportunities for local economic activity at the same time by establishing an official governance system. It is expected that seniors will have an active social participation attitude through work and an opportunity to generate income, and improve health.
{"title":"A Study on the Active Senior Start-up Support Project using the Senior Local-area Talent Sharing Platform","authors":"Yu-Ri Kim","doi":"10.32956/kaoca.2022.20.2.1","DOIUrl":"https://doi.org/10.32956/kaoca.2022.20.2.1","url":null,"abstract":"The importance of using senior manpower to preemptively respond to the entry into a super-aged society and rapid social change is emerging. Up to now, the job support project for the elderly has remained at a level that is simple and one-time job creation. Accordingly, it is necessary to create jobs that can be actively utilized the specialized skills, knowledge, know-how, past experiences, and careers of seniors. This study intends to propose a support project that provides the basis for sustainable economic activity to seniors by operating a short-distance IT-based platform that can supply talents to those who want to receive the experience and wisdom of seniors in the living area. To summarize the project promotion process, we recruit senior participants and complete the education and training of a startup curriculum specialized for seniors (senior digital competency strengthening education ＋ service education and communication education for activating intergenerational communication ＋ basic entrepreneurship education) education and training to become ‘active seniors’. After that, those who have completed the training course can help start a business by providing 1：1 mentoring on startup items, social media publicity training, and on-site practical experience support, and be registered as a talent seller on the ‘Senior Short-distance Talent Sharing Platform.’ In other words, as a ‘short-distance senior talent sharing platform’, we aim to provide opportunities for ‘active seniors’ to advance into society and provide opportunities for local economic activity at the same time by establishing an official governance system. It is expected that seniors will have an active social participation attitude through work and an opportunity to generate income, and improve health.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127493771","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-04-30DOI: 10.32956/kaoca.2022.20.1.93
D. Lee, Eun-Ju Song
The beneficiary’s responsibility is to manage the relationship of their customers so that the loyalty of the donors who have been sponsoring and donating for a long time can be maintained. Nevertheless, this study started at a point where the operation of a systematic system for diagnosing donation and donation culture was insufficient. Therefore, the purpose of this study was to develop and utilize the donation culture evaluation scale using ‘BSC’, a key tool of the performance evaluation system. For the analysis, three rounds of Delphi analysis were performed targeting non-profit organizations. That is, in the first round, a semi-structured survey method for structuring the index was performed along with data collection from 15 participants, and in the second and third rounds, a 5-point Likert for the index finally selected based on the results of the first round A survey method using a scale was performed. As a result of the analysis, as a result of the Delphi analysis in the 1st round, 58 detailed indicators were extracted, and the final 47 indicators were selected through the 2nd and 3rd rounds. The 47 finally selected indicators were structured from the perspective of BSC, and the characteristics of detailed indicators for each viewpoint could be considered. In today’s highly computerized environment, it is an important task to establish a systematic Sponsorship-MIS as a means to realize the ‘accountability’ of donations and supporters. Therefore, in environment where we have to live together, we expect a plan to utilize it as ‘good priming’ for developing a scale for establishing a more interesting donation culture.
{"title":"The Study on the Scale Evelopment for the Diagnostic of Donation Culture by the BSC Perspective using Delphi","authors":"D. Lee, Eun-Ju Song","doi":"10.32956/kaoca.2022.20.1.93","DOIUrl":"https://doi.org/10.32956/kaoca.2022.20.1.93","url":null,"abstract":"The beneficiary’s responsibility is to manage the relationship of their customers so that the loyalty of the donors who have been sponsoring and donating for a long time can be maintained. Nevertheless, this study started at a point where the operation of a systematic system for diagnosing donation and donation culture was insufficient. Therefore, the purpose of this study was to develop and utilize the donation culture evaluation scale using ‘BSC’, a key tool of the performance evaluation system. \u0000For the analysis, three rounds of Delphi analysis were performed targeting non-profit organizations. That is, in the first round, a semi-structured survey method for structuring the index was performed along with data collection from 15 participants, and in the second and third rounds, a 5-point Likert for the index finally selected based on the results of the first round A survey method using a scale was performed. As a result of the analysis, as a result of the Delphi analysis in the 1st round, 58 detailed indicators were extracted, and the final 47 indicators were selected through the 2nd and 3rd rounds. The 47 finally selected indicators were structured from the perspective of BSC, and the characteristics of detailed indicators for each viewpoint could be considered. In today’s highly computerized environment, it is an important task to establish a systematic Sponsorship-MIS as a means to realize the ‘accountability’ of donations and supporters. Therefore, in environment where we have to live together, we expect a plan to utilize it as ‘good priming’ for developing a scale for establishing a more interesting donation culture.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131550420","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-04-30DOI: 10.32956/kaoca.2022.20.1.63
Hyun-uk Jung, Hwakyeol Kim
We conduct an empirical test by establishing the hypothesis that high-internal audit quality(hereafter ‘IAQ’) would increase the foreign ownership ratio. As a result of the test, it is found that the expertise and size of the internal auditor among the three (three) IAQ proxies had a positive (＋) relationship with the foreign ownership ratio. However, the scope of the internal auditor’s work is not found to be related to the foreign ownership ratio. According to these results, it can be interpreted that if the internal auditor’s expertise is high and the size of the internal auditor is large, the foreign ownership ratio increases, but the scope of the internal auditor’s work does not affect the foreign equity ratio. In other words, although this is not a consistent result for each proxies of IAQ, it is judged to have a positive effect on the preference of foreign investors. This may be interpreted as that internal audit does not act as an incentive to improve the quality of financial reporting, and foreign investors do not consider the increased quality of accounting information due to high internal audit in their investment decision making. This study has a contribution in that it suggests that IAQ can affect governance at a time when domestic research on IAQ is not active.
{"title":"The Effect of Internal Audit Quality on Foreign Ownership","authors":"Hyun-uk Jung, Hwakyeol Kim","doi":"10.32956/kaoca.2022.20.1.63","DOIUrl":"https://doi.org/10.32956/kaoca.2022.20.1.63","url":null,"abstract":"We conduct an empirical test by establishing the hypothesis that high-internal audit quality(hereafter ‘IAQ’) would increase the foreign ownership ratio. As a result of the test, it is found that the expertise and size of the internal auditor among the three (three) IAQ proxies had a positive (＋) relationship with the foreign ownership ratio. However, the scope of the internal auditor’s work is not found to be related to the foreign ownership ratio. \u0000According to these results, it can be interpreted that if the internal auditor’s expertise is high and the size of the internal auditor is large, the foreign ownership ratio increases, but the scope of the internal auditor’s work does not affect the foreign equity ratio. In other words, although this is not a consistent result for each proxies of IAQ, it is judged to have a positive effect on the preference of foreign investors. \u0000This may be interpreted as that internal audit does not act as an incentive to improve the quality of financial reporting, and foreign investors do not consider the increased quality of accounting information due to high internal audit in their investment decision making. This study has a contribution in that it suggests that IAQ can affect governance at a time when domestic research on IAQ is not active.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125256190","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-04-30DOI: 10.32956/kaoca.2022.20.1.115
Hyun-Mi Lee, Jin-soo Lee
This study started what kind of factors have an effect on the maintenance cost of apartment houses and then I focused on the governance of apartment houses and quality of accounting on them as the factors. Overall, the components of governance and accounting quality have been shown to have a positive effect on management costs. The differentiation of this study is that even after controlling for the major variables covered in the preceding study, the quality of the joint housing governance and accounting, which are the main variables of this study, indicated that additional incremental descriptions existed in the cost of managing the shared housing. In particular, in this study, the fact that the analysis was performed after completing a questionnaire and obtaining direct primary data is also different from the existing research. The results of this empirical analysis are expected to present some practical implications for key stakeholders surrounding apartment houses, including policymakers and executive offices. In the future, various control variables should be added and samples should be expanded nationwide, not limited to Busan area, to generalize the results.
{"title":"A Study on the Effect of Governance and Accounting Quality on Administrative Expenses of Busan Apartment House","authors":"Hyun-Mi Lee, Jin-soo Lee","doi":"10.32956/kaoca.2022.20.1.115","DOIUrl":"https://doi.org/10.32956/kaoca.2022.20.1.115","url":null,"abstract":"This study started what kind of factors have an effect on the maintenance cost of apartment houses and then I focused on the governance of apartment houses and quality of accounting on them as the factors. \u0000Overall, the components of governance and accounting quality have been shown to have a positive effect on management costs. The differentiation of this study is that even after controlling for the major variables covered in the preceding study, the quality of the joint housing governance and accounting, which are the main variables of this study, indicated that additional incremental descriptions existed in the cost of managing the shared housing. In particular, in this study, the fact that the analysis was performed after completing a questionnaire and obtaining direct primary data is also different from the existing research. The results of this empirical analysis are expected to present some practical implications for key stakeholders surrounding apartment houses, including policymakers and executive offices. In the future, various control variables should be added and samples should be expanded nationwide, not limited to Busan area, to generalize the results.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131799157","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-04-30DOI: 10.32956/kaoca.2022.20.1.45
Joong-won Jeon, Chul-Ho Jung
Based on the success model of the information system, this study analyzed whether factors influencing satisfaction with online start-up education and whether they influence start-up intention through start-up education satisfaction. In addition, it was verified whether there was a difference according to the purpose of completion of start-up education. In this study, a survey was conducted on those who completed online start-up education, and 1086 samples were used for analysis. As a result of the study, it was found that system quality, information quality, and service quality had a statistically significant effect on start-up education satisfaction, and start-up education satisfaction had an effect on start-up intention. It was also verified that there are differences in influencing factors depending on the purpose of completion. In the mandatory completion group, system quality, information quality, and service quality were all found to have an effect on start-up education satisfaction. However in the autonomous completion group, the effect between service quality and start-up education satisfaction was not significant. Based on the results of this study, meaningful academic and managerial implications were provided in related fields.
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