Pub Date : 2021-12-30DOI: 10.32956/kaoca.2021.19.2.121
In this study, between 100% and less than 200% of the relatively low RBC(Risk Based Capital) was defined as non－life insurers that maintained adequate available capital, and if it was more than 200%, it was classified as companies with excessive. Companies with good governance structure were expected to have a relatively low ratio of appropriate available capital companies and analyzed. As a result of the analysis, first, in the case of appropriate available capital companies with a relatively low RBC, the governance structure (maximum shareholder share) was expected to work well and have significantly large corporate value, but it was not. However, the higher the RBC, the better the governance structure (maximum shareholder share) works, increasing corporate value. This is consistent with the fact that the largest shareholders can increase their level of cash holdings with the intention of increasing their discretion, so companies with higher available capital will be more effective in making decisions based on the largest shareholder s stake. Second, the governance structure (outside director ratio) had a significant positive (＋) relationship with corporate value in both appropriate and excessive payment capacity ratio companies. The ratio of outside directors was not differentiated according to the adequacy of the payment capacity ratio. Third, it was analyzed that the governance structure (foreign ownership ratio) has a significant positive (＋) relationship with corporate value as companies with an appropriate RBC, and there was no significance in the case of excess blue－chip companies. The foreign equity ratio has a more significant impact on corporate value as companies maintain adequate available capital, which is conceptually consistent with the analysis results in that foreign investors prefer dividends rather than accumulation of available capital and effectively allocate resources by operating governance. This study focuses on the adequacy of the RBC(more than 100% to less than 200%) and believes that the corporate governance structure will work well and have a significant positive (＋) effect on corporate value. However, due to the characteristics of industries where there are not many listed companies, it is not possible to conduct empirical analysis with a large number of samples.
{"title":"Governance and Corporate Value according toThe Adequacy of The Non－life InsuranceCompany’s Risk Based Capital Ratio","authors":"","doi":"10.32956/kaoca.2021.19.2.121","DOIUrl":"https://doi.org/10.32956/kaoca.2021.19.2.121","url":null,"abstract":"In this study, between 100% and less than 200% of the relatively low RBC(Risk Based Capital) was defined as non－life insurers that maintained adequate available capital, and if it was more than 200%, it was classified as companies with excessive. Companies with good governance structure were expected to have a relatively low ratio of appropriate available capital companies and analyzed. As a result of the analysis, first, in the case of appropriate available capital companies with a relatively low RBC, the governance structure (maximum shareholder share) was expected to work well and have significantly large corporate value, but it was not. However, the higher the RBC, the better the governance structure (maximum shareholder share) works, increasing corporate value. This is consistent with the fact that the largest shareholders can increase their level of cash holdings with the intention of increasing their discretion, so companies with higher available capital will be more effective in making decisions based on the largest shareholder s stake. Second, the governance structure (outside director ratio) had a significant positive (＋) relationship with corporate value in both appropriate and excessive payment capacity ratio companies. The ratio of outside directors was not differentiated according to the adequacy of the payment capacity ratio. Third, it was analyzed that the governance structure (foreign ownership ratio) has a significant positive (＋) relationship with corporate value as companies with an appropriate RBC, and there was no significance in the case of excess blue－chip companies. The foreign equity ratio has a more significant impact on corporate value as companies maintain adequate available capital, which is conceptually consistent with the analysis results in that foreign investors prefer dividends rather than accumulation of available capital and effectively allocate resources by operating governance. This study focuses on the adequacy of the RBC(more than 100% to less than 200%) and believes that the corporate governance structure will work well and have a significant positive (＋) effect on corporate value. However, due to the characteristics of industries where there are not many listed companies, it is not possible to conduct empirical analysis with a large number of samples.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"92 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127261574","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 : 2021-12-30DOI: 10.32956/kaoca.2021.19.2.145
Considering that stock price stability or profit adjustment can be strategically performed through treasury stock trading, it was verified how managers’ earnings’ management appears according to the proportion of treasury stock holdings and differences since the enforcement of the revised New External Audit Act since 2018. First, when the ratio of treasury stock holdings is low, positive (＋) profit adjustment is performed, whereas when the ratio of treasury stock holdings is high, negative (－) profit adjustment is performed. In the case of real earnings management, it can be seen that the higher the share of treasury stocks, the more actual profit adjustment is made using operating cash flow and sales management expenses. Second, before the revision of the External Audit Act, it can be seen that the higher the proportion of treasury stock holdings, the more negative (－) earnings adjustment is. However, it can be said that the higher the proportion of treasury stock holdings after the revision of the External Audit Act, the higher the profit through discretionary accruals and actual profit adjustments. Capital market participants should take into account that there is a possibility of earnings adjustment for companies with a high proportion of treasury stocks.
{"title":"Stock Repurchase and Earnings Management","authors":"","doi":"10.32956/kaoca.2021.19.2.145","DOIUrl":"https://doi.org/10.32956/kaoca.2021.19.2.145","url":null,"abstract":"Considering that stock price stability or profit adjustment can be strategically performed through treasury stock trading, it was verified how managers’ earnings’ management appears according to the proportion of treasury stock holdings and differences since the enforcement of the revised New External Audit Act since 2018. First, when the ratio of treasury stock holdings is low, positive (＋) profit adjustment is performed, whereas when the ratio of treasury stock holdings is high, negative (－) profit adjustment is performed. In the case of real earnings management, it can be seen that the higher the share of treasury stocks, the more actual profit adjustment is made using operating cash flow and sales management expenses. Second, before the revision of the External Audit Act, it can be seen that the higher the proportion of treasury stock holdings, the more negative (－) earnings adjustment is. However, it can be said that the higher the proportion of treasury stock holdings after the revision of the External Audit Act, the higher the profit through discretionary accruals and actual profit adjustments. Capital market participants should take into account that there is a possibility of earnings adjustment for companies with a high proportion of treasury stocks.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"126 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132982302","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 : 2021-06-30DOI: 10.32956/kaoca.2021.19.1.41
This study introduces the cybersecurity assurance programs of the AICPA and other organizations outside Korea, and provides implications of implementing these cybersecurity assurance programs by accounting firms in Korea. Recently, cybersecurity incidents are increasing. The AICPA launched the SOC (System Organization Control) assurance programs in order to deal with the market demand. AICPA (2021a) reveals its survey result, saying that the demand of the SOC program has increased by 49% between 2018 and 2020. This paper provides the implementation cases of the AICPA SOC assurance programs. This study argues that implementation of cybersecurity assurance programs will play a pivotal role in enhancing the security level of the organizations. The cybersecurity assurance can be used when the insurance company decides the level of cyber－insurance fees. In addition, it can be used as the key legal ground by the management when the management is faced with the cyber－breach litigation in the court. This paper also suggests that the KICPA (the Korean Institute of Certified Public Accountants) should facilitate the implementation of the cybersecurity assurance program by accountants.
{"title":"Cybersecurity Assurance Program by the U.S.Accounting Firms and its Implications: Focusing on the AICPA SOC Assurance Programs","authors":"","doi":"10.32956/kaoca.2021.19.1.41","DOIUrl":"https://doi.org/10.32956/kaoca.2021.19.1.41","url":null,"abstract":"This study introduces the cybersecurity assurance programs of the AICPA and other organizations outside Korea, and provides implications of implementing these cybersecurity assurance programs by accounting firms in Korea. Recently, cybersecurity incidents are increasing. The AICPA launched the SOC (System Organization Control) assurance programs in order to deal with the market demand. AICPA (2021a) reveals its survey result, saying that the demand of the SOC program has increased by 49% between 2018 and 2020. This paper provides the implementation cases of the AICPA SOC assurance programs. This study argues that implementation of cybersecurity assurance programs will play a pivotal role in enhancing the security level of the organizations. The cybersecurity assurance can be used when the insurance company decides the level of cyber－insurance fees. In addition, it can be used as the key legal ground by the management when the management is faced with the cyber－breach litigation in the court. This paper also suggests that the KICPA (the Korean Institute of Certified Public Accountants) should facilitate the implementation of the cybersecurity assurance program by accountants.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125362482","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 : 2021-06-30DOI: 10.32956/kaoca.2021.19.1.119
This study examined the effect of corporate governance on earnings management and firm value on companies listed on the securities market from 2013 to 2019. To summarize the analysis results of this study, it is as follows. First, corporate governance has been shown to have a significant (＋) effect on abnormal cash flows of operations(CFOs) and abnormal discretionary expenditure(DISE), although significant levels are different. Both abnormal production costs(PRODs) and integrated measurements(REM) were shown to have statistically significant negative effects. Thus, entities can interpret whether their governance structures are good or weak as having a positive or negative impact on earnings management. Second, abnormal cash flows of operations(CFOs) and abnormal production costs (PRODs), individual measures of earnings management, were found to have a significant negative effect on firm value, indicating that increasing reported profits through abnormal cash flows of operations(CFOs) or abnormal production costs(PRODs) is not reflected in corporate values. abnormal discretionary expenditures(DISE) was not significant. In addition, the integrated measures REM were shown to have a positive (＋) effect on firm value. This means that even if the quality of profit through actual profit adjustment is distorted, it is functionally stuck in the earnings figure and determines the firm value. Third, The impact of interactions between earnings management and corporate governance on firm value was consistent with the impact of earnings management on firm value. Therefore, the effect of earnings management on firm value rather than corporate governance is greater.
{"title":"The Effect of Interactions between Real Earnings Management and Corporate Governance on Firm Value","authors":"","doi":"10.32956/kaoca.2021.19.1.119","DOIUrl":"https://doi.org/10.32956/kaoca.2021.19.1.119","url":null,"abstract":"This study examined the effect of corporate governance on earnings management and firm value on companies listed on the securities market from 2013 to 2019. To summarize the analysis results of this study, it is as follows. First, corporate governance has been shown to have a significant (＋) effect on abnormal cash flows of operations(CFOs) and abnormal discretionary expenditure(DISE), although significant levels are different. Both abnormal production costs(PRODs) and integrated measurements(REM) were shown to have statistically significant negative effects. Thus, entities can interpret whether their governance structures are good or weak as having a positive or negative impact on earnings management. Second, abnormal cash flows of operations(CFOs) and abnormal production costs (PRODs), individual measures of earnings management, were found to have a significant negative effect on firm value, indicating that increasing reported profits through abnormal cash flows of operations(CFOs) or abnormal production costs(PRODs) is not reflected in corporate values. abnormal discretionary expenditures(DISE) was not significant. In addition, the integrated measures REM were shown to have a positive (＋) effect on firm value. This means that even if the quality of profit through actual profit adjustment is distorted, it is functionally stuck in the earnings figure and determines the firm value. Third, The impact of interactions between earnings management and corporate governance on firm value was consistent with the impact of earnings management on firm value. Therefore, the effect of earnings management on firm value rather than corporate governance is greater.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123625565","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 : 2021-06-30DOI: 10.32956/kaoca.2021.19.1.155
This study examines the relationship between the research and development(“R&D”) spending and the earnings volatility, and the impact of accounting choice for capitalizing the R&D spending on the earnings volatility, focusing on the information and communication technology(“ICT”) industry. The empirical test results show that the earnings volatility increases in the growth of R&D spending, which is more pronounced in the ICT industry. This supports the hypothesis that the uncertainty embedded in R&D activities, especially in the ICT industry, contributes to increasing the accounting volatility. In addition, the R&D capitalization tendency is negatively associated with the earnings volatility, which appears relatively weaker in the ICT industry than the other industries. This study provides empirical evidence that R&D spending contributes to increasing the volatility of financial information, and accordingly suggests the practical implication that firm managers should pay intensive attention to the risk factors in R&D activities as well as the profitability therefrom, in R&D related decision making. Further, this study contributes to the literature by providing evidence that the industry characteristics can have substantial impact on the earnings attributes related to R&D spendings.
{"title":"Association between R&D Spending and Earnings Volatility: Focusing on the ICT Industry","authors":"","doi":"10.32956/kaoca.2021.19.1.155","DOIUrl":"https://doi.org/10.32956/kaoca.2021.19.1.155","url":null,"abstract":"This study examines the relationship between the research and development(“R&D”) spending and the earnings volatility, and the impact of accounting choice for capitalizing the R&D spending on the earnings volatility, focusing on the information and communication technology(“ICT”) industry. The empirical test results show that the earnings volatility increases in the growth of R&D spending, which is more pronounced in the ICT industry. This supports the hypothesis that the uncertainty embedded in R&D activities, especially in the ICT industry, contributes to increasing the accounting volatility. In addition, the R&D capitalization tendency is negatively associated with the earnings volatility, which appears relatively weaker in the ICT industry than the other industries. This study provides empirical evidence that R&D spending contributes to increasing the volatility of financial information, and accordingly suggests the practical implication that firm managers should pay intensive attention to the risk factors in R&D activities as well as the profitability therefrom, in R&D related decision making. Further, this study contributes to the literature by providing evidence that the industry characteristics can have substantial impact on the earnings attributes related to R&D spendings.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123669154","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 : 2021-06-30DOI: 10.32956/kaoca.2021.19.1.69
This study would demonstrate the relationship of the impacts of the production process system integration of a manufacturing company on logistics stabilization and efficient inventory management. And applied the cluster sampling method. Thus, this study distributed 265 copies of a survey with car companies in selecting companies that could represent manufacturing companies for 20 days from March 12, 2020. Later, went through the data coding process for empirical analysis and interpreted the structural equation model based on 249 copies, excluding 16 copies of the questionnaire judged to have a systematic or unsystematic error for the survey. As a result of the study, the hypothesis on whether the production process system integration affected logistics stabilization and efficient inventory management was partly adopted. To examine the related results, the production process system integration had a statistically significant positive (＋) impact on logistics stabilization and process logistics. In addition, it was finally found that logistics stabilization sales logistics had a statistically significant positive (＋) impact on efficient inventory management. But process logistics was in a relationship of a statistically significant positive (＋) impact on inventory management.
{"title":"The Relationship of the Impact of Production Process Integration on Logistics Stabilization and Inventory Management","authors":"","doi":"10.32956/kaoca.2021.19.1.69","DOIUrl":"https://doi.org/10.32956/kaoca.2021.19.1.69","url":null,"abstract":"This study would demonstrate the relationship of the impacts of the production process system integration of a manufacturing company on logistics stabilization and efficient inventory management. And applied the cluster sampling method. Thus, this study distributed 265 copies of a survey with car companies in selecting companies that could represent manufacturing companies for 20 days from March 12, 2020. Later, went through the data coding process for empirical analysis and interpreted the structural equation model based on 249 copies, excluding 16 copies of the questionnaire judged to have a systematic or unsystematic error for the survey. As a result of the study, the hypothesis on whether the production process system integration affected logistics stabilization and efficient inventory management was partly adopted. To examine the related results, the production process system integration had a statistically significant positive (＋) impact on logistics stabilization and process logistics. In addition, it was finally found that logistics stabilization sales logistics had a statistically significant positive (＋) impact on efficient inventory management. But process logistics was in a relationship of a statistically significant positive (＋) impact on inventory management.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114936866","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 : 2021-06-30DOI: 10.32956/kaoca.2021.19.1.1
Agricultural accounting has been increasingly adopted with the necessity of farm accounting, introduction of agricultural accounting standards, and development of agricultural accounting program. However, agricultural accounting practice has been partially studied with general accounting programs, which was resulted from no information exchange between agricultural experts and non－agricultural experts. This study introduced the agricultural programs available and provided directions for the improvement of the programs. Agricultural programs were mainly provided by public organizations with various types, such as single entry or double entry, internet basis or computer basis, etc. Agricultural programs provided by public organizations set accounts based on agricultural accounting standards. They commonly included farming work sheets and some of them included agricultural income data by crop, which meant agricultural accounting put more emphasis on managerial accounting than financial accounting. In the future, more efforts to progress agricultural accounting program should be made on farm specific accounts consistent with accounting standards, information for managerial accounting, and accounting practices.
{"title":"Current Situation and Improvement Direction for Agricultural Accounting Program","authors":"","doi":"10.32956/kaoca.2021.19.1.1","DOIUrl":"https://doi.org/10.32956/kaoca.2021.19.1.1","url":null,"abstract":"Agricultural accounting has been increasingly adopted with the necessity of farm accounting, introduction of agricultural accounting standards, and development of agricultural accounting program. However, agricultural accounting practice has been partially studied with general accounting programs, which was resulted from no information exchange between agricultural experts and non－agricultural experts. This study introduced the agricultural programs available and provided directions for the improvement of the programs. Agricultural programs were mainly provided by public organizations with various types, such as single entry or double entry, internet basis or computer basis, etc. Agricultural programs provided by public organizations set accounts based on agricultural accounting standards. They commonly included farming work sheets and some of them included agricultural income data by crop, which meant agricultural accounting put more emphasis on managerial accounting than financial accounting. In the future, more efforts to progress agricultural accounting program should be made on farm specific accounts consistent with accounting standards, information for managerial accounting, and accounting practices.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126306749","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 : 2021-06-30DOI: 10.32956/kaoca.2021.19.1.99
This study examines the effect of comparability in financial statements on idiosyncratic volatility. The analysis showed that the estimated coefficient of idiosyncratic volatility had a significant negative(－) in the analysis model, confirming that the higher the comparability of financial statements, the lower the idiosyncratic volatility. This could be determined by entities that are more comparable to financial statements, the more information asymmetry is mitigated and the greater the monitoring function of managers, resulting in lower idiosyncratic volatility. The contributions of this study are as follows. Comparability, a qualitative characteristic of accounting information, provides usefulness in accounting information users’ decision－making, which mitigates information collection costs and information cost symmetry, and provides implications to prepare accounting standards. In addition, if the usefulness of comparability is recognised in this study, comparability will be considered in revising accounting standards by establishing standards such as the Board of Accounting Standards. Furthermore, the research direction could be provided to accounting information writers, accounting standards－setting agencies, regulators, etc. by highlighting the need to find ways to increase comparability in financial statements.
{"title":"The Effect of Financial Statements Comparability on Idiosyncratic Risk","authors":"","doi":"10.32956/kaoca.2021.19.1.99","DOIUrl":"https://doi.org/10.32956/kaoca.2021.19.1.99","url":null,"abstract":"This study examines the effect of comparability in financial statements on idiosyncratic volatility. The analysis showed that the estimated coefficient of idiosyncratic volatility had a significant negative(－) in the analysis model, confirming that the higher the comparability of financial statements, the lower the idiosyncratic volatility. This could be determined by entities that are more comparable to financial statements, the more information asymmetry is mitigated and the greater the monitoring function of managers, resulting in lower idiosyncratic volatility. The contributions of this study are as follows. Comparability, a qualitative characteristic of accounting information, provides usefulness in accounting information users’ decision－making, which mitigates information collection costs and information cost symmetry, and provides implications to prepare accounting standards. In addition, if the usefulness of comparability is recognised in this study, comparability will be considered in revising accounting standards by establishing standards such as the Board of Accounting Standards. Furthermore, the research direction could be provided to accounting information writers, accounting standards－setting agencies, regulators, etc. by highlighting the need to find ways to increase comparability in financial statements.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125162429","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 : 2021-06-30DOI: 10.32956/kaoca.2021.19.1.23
This study analyzed the relationship between innovation characteristics(relative advantage, compatibility, complexity, perceived risk) and online learning quality(contents quality, interaction quality, system quality) factors on learner resistance and service continuance intention in an online learning environment. To this end, research model development and hypotheses were established through a comprehensive review of related prior studies, and data collection and hypothesis testing were performed on a total of 309 experienced persons who had learned the computerized accounting qualification course online. The main results of this study are as follows. First, it was found that all four innovation attributes, such as relative advantage, relevance, complexity, and perceived risk, had a significant effect on learner resistance. Second, it was found that three of the innovation attributes, such as relative advantage, complexity, and perceived risk, had a significant effect on continuance intention, while compatibility had no significant effect. Third, the resistance of online learning users was found to have a significant effect on the continuance intention. Finally, it was found that among online learning qualities, content quality and interaction quality had a positive (＋) effect on continuance intention, while system quality had no significant effect. Based on the results of this study, academic and practical implications and future research directions are presented.
{"title":"Factors Influencing Learner Resistance in Online Learning Environment: Focused on the Computer Accounting Qualification Courses","authors":"","doi":"10.32956/kaoca.2021.19.1.23","DOIUrl":"https://doi.org/10.32956/kaoca.2021.19.1.23","url":null,"abstract":"This study analyzed the relationship between innovation characteristics(relative advantage, compatibility, complexity, perceived risk) and online learning quality(contents quality, interaction quality, system quality) factors on learner resistance and service continuance intention in an online learning environment. To this end, research model development and hypotheses were established through a comprehensive review of related prior studies, and data collection and hypothesis testing were performed on a total of 309 experienced persons who had learned the computerized accounting qualification course online. The main results of this study are as follows. First, it was found that all four innovation attributes, such as relative advantage, relevance, complexity, and perceived risk, had a significant effect on learner resistance. Second, it was found that three of the innovation attributes, such as relative advantage, complexity, and perceived risk, had a significant effect on continuance intention, while compatibility had no significant effect. Third, the resistance of online learning users was found to have a significant effect on the continuance intention. Finally, it was found that among online learning qualities, content quality and interaction quality had a positive (＋) effect on continuance intention, while system quality had no significant effect. Based on the results of this study, academic and practical implications and future research directions are presented.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"240 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117340934","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 : 2020-12-30DOI: 10.32956/kaoca.2020.18.2.115
Defense industry policies and cost calculation systems have a great impact on defense companies. This study suggests implications for Korea’s defense industry policy and cost system through United States’ and Japan’s case analysis. First, in order to quickly respond to the rapidly changing defense market environment and promote export strategy, it is recommended to unify the defense export support organization. And it is necessary to make a policy for the defense industry as a long－term plan. In terms of cost system, it is required to conduct a joint periodic diagnosis of cost system to ensure transparency and reduce information asymmetry between the government and defense industry. In addition, for the stable introduction of the revision in 2020, education at the government level and the establishment of a dedicated department are necessary. Recognizing the problems with the defense cost system in Korea from this analysis and supplementing the policy with suggestions, promote the export competitiveness of the defense industry and proceed with the government’s policies efficiently, which contributes to the development of the Korean defense industry.
{"title":"A Case Study of Industrial Policy and Costing System in Defence Industry","authors":"","doi":"10.32956/kaoca.2020.18.2.115","DOIUrl":"https://doi.org/10.32956/kaoca.2020.18.2.115","url":null,"abstract":"Defense industry policies and cost calculation systems have a great impact on defense companies. This study suggests implications for Korea’s defense industry policy and cost system through United States’ and Japan’s case analysis. First, in order to quickly respond to the rapidly changing defense market environment and promote export strategy, it is recommended to unify the defense export support organization. And it is necessary to make a policy for the defense industry as a long－term plan. In terms of cost system, it is required to conduct a joint periodic diagnosis of cost system to ensure transparency and reduce information asymmetry between the government and defense industry. In addition, for the stable introduction of the revision in 2020, education at the government level and the establishment of a dedicated department are necessary. Recognizing the problems with the defense cost system in Korea from this analysis and supplementing the policy with suggestions, promote the export competitiveness of the defense industry and proceed with the government’s policies efficiently, which contributes to the development of the Korean defense industry.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128565244","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}
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