Pub Date : 2023-08-31DOI: 10.32956/kaoca.2023.21.2.19
Yu-Jeong Hwang, Sang-Hui Oh
[Purpose]The purpose of this study is to analyze the research trends of ESG research in Korea, focusing on the fields of business administration and accounting, using topic modeling.
[Methodology]This study focuses on the keyword ‘ESG’ published in domestic academic journals. To this end, as of June 30, 2023, a total of 404 studies of business administration and accounting studies calculated with ‘ESG’ as a search term in the Korea Citation Index are the subject of research. Specifically, morpheme analysis was performed using R, keyword frequency analysis was performed, and frequency analysis and Big-data analysis(data mining, topic modeling) were performed through the extracted keywords.
[Findings]As a result of this study, five topics were calculated. Specifically, Topic 1 is the role of the environment for management sustainability, Topic 2 is Implications for enhancing corporate value, Topic 3 is Strategy according to economic conditions, Topic 4 is Decision-making at the governance level, Topic 5 is Evaluation and utilization It is a responsibility.
[Implications]This study is different in that it analyzes research trends using the big data analysis method with the keyword ‘ESG’ limited to business administration and accounting among social sciences. In the meantime, many studies have been conducted in business administration and accounting, but there are not many studies that apply big data methods such as topic modeling. This study has significance in that it goes one step further from the existing research methodology, reduces the subjective opinions of researchers, and identifies macroscopic research trends based on a lot of data through the Big-data methodology.
{"title":"ESG Research Status Analysis Using Topic Modeling: Focused on Business Administration and Accounting","authors":"Yu-Jeong Hwang, Sang-Hui Oh","doi":"10.32956/kaoca.2023.21.2.19","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.2.19","url":null,"abstract":"[Purpose]The purpose of this study is to analyze the research trends of ESG research in Korea, focusing on the fields of business administration and accounting, using topic modeling.
 [Methodology]This study focuses on the keyword ‘ESG’ published in domestic academic journals. To this end, as of June 30, 2023, a total of 404 studies of business administration and accounting studies calculated with ‘ESG’ as a search term in the Korea Citation Index are the subject of research. Specifically, morpheme analysis was performed using R, keyword frequency analysis was performed, and frequency analysis and Big-data analysis(data mining, topic modeling) were performed through the extracted keywords.
 [Findings]As a result of this study, five topics were calculated. Specifically, Topic 1 is the role of the environment for management sustainability, Topic 2 is Implications for enhancing corporate value, Topic 3 is Strategy according to economic conditions, Topic 4 is Decision-making at the governance level, Topic 5 is Evaluation and utilization It is a responsibility.
 [Implications]This study is different in that it analyzes research trends using the big data analysis method with the keyword ‘ESG’ limited to business administration and accounting among social sciences. In the meantime, many studies have been conducted in business administration and accounting, but there are not many studies that apply big data methods such as topic modeling. This study has significance in that it goes one step further from the existing research methodology, reduces the subjective opinions of researchers, and identifies macroscopic research trends based on a lot of data through the Big-data methodology.","PeriodicalId":475808,"journal":{"name":"Jeonsan hoe'gye yeon'gu","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135990973","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 : 2023-08-31DOI: 10.32956/kaoca.2023.21.2.81
Mi-Kyoung Baek, Hwak-Yeol Kim
[Purpose]This study aims to examine the effect of the quality of Environmental, Social, and Governance (ESG) report disclosures on the capital market by reducing information asymmetry.
[Methodology]Regression analysis including 2SLS analysis was conducted for 326 (company-year) observations of 55 companies that continuously disclosed ESG reports from 2016 to 2021.
[Findings]The results are as follows. First, the quality of ESG report disclosures was found to positively enhance corporate value. Second, no significant results were found for Hypothesis 2, and Hypothesis 3, which suggested the interaction between the importance of ESG report disclosure quality and management characteristics could either increase or decrease corporate value, was not confirmed. Similar results were also identified in the Two-Stage Least Squares (2SLS) analysis conducted to address endogeneity.
[Implications]The conclusion drawn from this research confirmed that the quality of ESG report disclosures improves market evaluations. This study contributes to the literature by being the first to directly investigate mechanisms aimed at enhancing the reliability of ESG reports, providing new evidence on the market response to the quality of ESG report disclosures. The evidence provided in this study can contribute to the expansion of related research.
{"title":"ESG Disclosure Quality and Firm Value: Focused on Managerial Characteristics","authors":"Mi-Kyoung Baek, Hwak-Yeol Kim","doi":"10.32956/kaoca.2023.21.2.81","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.2.81","url":null,"abstract":"[Purpose]This study aims to examine the effect of the quality of Environmental, Social, and Governance (ESG) report disclosures on the capital market by reducing information asymmetry.
 [Methodology]Regression analysis including 2SLS analysis was conducted for 326 (company-year) observations of 55 companies that continuously disclosed ESG reports from 2016 to 2021.
 [Findings]The results are as follows. First, the quality of ESG report disclosures was found to positively enhance corporate value. Second, no significant results were found for Hypothesis 2, and Hypothesis 3, which suggested the interaction between the importance of ESG report disclosure quality and management characteristics could either increase or decrease corporate value, was not confirmed. Similar results were also identified in the Two-Stage Least Squares (2SLS) analysis conducted to address endogeneity.
 [Implications]The conclusion drawn from this research confirmed that the quality of ESG report disclosures improves market evaluations. This study contributes to the literature by being the first to directly investigate mechanisms aimed at enhancing the reliability of ESG reports, providing new evidence on the market response to the quality of ESG report disclosures. The evidence provided in this study can contribute to the expansion of related research.","PeriodicalId":475808,"journal":{"name":"Jeonsan hoe'gye yeon'gu","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135990975","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 : 2023-08-31DOI: 10.32956/kaoca.2023.21.2.57
Seung-Mi Lee
[Purpose]Since the business environment is different depending on the life cycle of the company, we will establish an appropriate management strategy, so the incentives for profit adjustment will vary step by step. Accordingly, the method of profit adjustment will be different depending on the corporate life cycle.
[Methodology]Using Dickinson’s (2011) method, companies were classified by life cycle, discretionary accrual profit adjustment was measured through the modified Jones model, and profit adjustment through tax avoidance was measured through Desai and Dharmapala (2006).
[Findings]In the introduction, culling, and declining stages, companies adjusted discretionary accruals in the positive (＋) direction, and in the negative (-) direction in the maturity period. It was found that companies adjusted profits to increase profits during the introduction, culling, and declining stages, and adjusted profits to reduce profits during maturity. In addition, tax avoidance showed a positive (＋) result during the maturity period, which is interpreted as companies in the maturity period attempting to adjust profits through tax avoidance.
[Implications]Companies can establish management strategies that choose different profit adjustment methods according to their life cycle.
{"title":"The Effect of the Corporate Life Cycle on Corporate Profit Adjustment and Tax Avoidance","authors":"Seung-Mi Lee","doi":"10.32956/kaoca.2023.21.2.57","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.2.57","url":null,"abstract":"[Purpose]Since the business environment is different depending on the life cycle of the company, we will establish an appropriate management strategy, so the incentives for profit adjustment will vary step by step. Accordingly, the method of profit adjustment will be different depending on the corporate life cycle.
 [Methodology]Using Dickinson’s (2011) method, companies were classified by life cycle, discretionary accrual profit adjustment was measured through the modified Jones model, and profit adjustment through tax avoidance was measured through Desai and Dharmapala (2006).
 [Findings]In the introduction, culling, and declining stages, companies adjusted discretionary accruals in the positive (＋) direction, and in the negative (-) direction in the maturity period. It was found that companies adjusted profits to increase profits during the introduction, culling, and declining stages, and adjusted profits to reduce profits during maturity. In addition, tax avoidance showed a positive (＋) result during the maturity period, which is interpreted as companies in the maturity period attempting to adjust profits through tax avoidance.
 [Implications]Companies can establish management strategies that choose different profit adjustment methods according to their life cycle.","PeriodicalId":475808,"journal":{"name":"Jeonsan hoe'gye yeon'gu","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135990980","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 : 2023-08-31DOI: 10.32956/kaoca.2023.21.2.1
Kyoung－Jin Song, Kyong－Gu Rhee
[Purpose]The use of accounting information is important to improve performance through effective management strategies. Therefore, this study aims to identify the factors influencing the improvement of business performance by applying the technology acceptance model in the relationship between the characteristics of accounting information and business performance of a company.
[Methodology]Data were collected through a structured questionnaire with accounting information characteristics, business performance, and information acceptance intention as the main variables. The collected data were statistically analyzed using AMOS25 and SPSS25.
[Findings]Some of the hypotheses on the relationship between accounting information characteristics, information acceptance intention, and management performance showed a positive (＋) influence relationship.
[Implications]It provides meaningful discussion points through the results that the usefulness and ease of accounting information must be secured in order to improve management performance.
{"title":"A Study on Accounting Information and Business Performance：Focusing on the Technology Acceptance Model(TAM)","authors":"Kyoung－Jin Song, Kyong－Gu Rhee","doi":"10.32956/kaoca.2023.21.2.1","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.2.1","url":null,"abstract":"[Purpose]The use of accounting information is important to improve performance through effective management strategies. Therefore, this study aims to identify the factors influencing the improvement of business performance by applying the technology acceptance model in the relationship between the characteristics of accounting information and business performance of a company.
 [Methodology]Data were collected through a structured questionnaire with accounting information characteristics, business performance, and information acceptance intention as the main variables. The collected data were statistically analyzed using AMOS25 and SPSS25.
 [Findings]Some of the hypotheses on the relationship between accounting information characteristics, information acceptance intention, and management performance showed a positive (＋) influence relationship.
 [Implications]It provides meaningful discussion points through the results that the usefulness and ease of accounting information must be secured in order to improve management performance.","PeriodicalId":475808,"journal":{"name":"Jeonsan hoe'gye yeon'gu","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135990974","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 : 2023-08-31DOI: 10.32956/kaoca.2023.21.2.37
Jung-Ho Kim
[Purpose]This study aims to study how Chinese companies’ corporate social responsibility (CSR) activities and financial ratios affect earning management. In general, companies that perform corporate social responsibility (CSR) activities have an incentive not to earning management, and certain variables among financial ratio variables using corporate financial statements can be useful for managers’ earning management behavior.
[Methodology]Among Chinese listed companies, the impact of corporate social responsibility (CSR) activities and financial ratios on earning management from 2016 to 2020 was empirically analyzed for A shares of the Shenzhen Exchange.
[Findings]As a result of empirical analysis, it was verified that financial ratio indicators that have a significant impact on earning management include growth ratio, profitability ratio, liquidity and stability ratio, and activity ratio.
[Implications]According to these financial ratio variables, it is believed that earning management can be controlled in advance by utilizing financial ratio variables that affect profit adjustment and social responsibility activities.
{"title":"The Impact of Social Responsibility Activities and Financial Ratio of Chinese Companies on Earning Management","authors":"Jung-Ho Kim","doi":"10.32956/kaoca.2023.21.2.37","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.2.37","url":null,"abstract":"[Purpose]This study aims to study how Chinese companies’ corporate social responsibility (CSR) activities and financial ratios affect earning management. In general, companies that perform corporate social responsibility (CSR) activities have an incentive not to earning management, and certain variables among financial ratio variables using corporate financial statements can be useful for managers’ earning management behavior.
 [Methodology]Among Chinese listed companies, the impact of corporate social responsibility (CSR) activities and financial ratios on earning management from 2016 to 2020 was empirically analyzed for A shares of the Shenzhen Exchange.
 [Findings]As a result of empirical analysis, it was verified that financial ratio indicators that have a significant impact on earning management include growth ratio, profitability ratio, liquidity and stability ratio, and activity ratio.
 [Implications]According to these financial ratio variables, it is believed that earning management can be controlled in advance by utilizing financial ratio variables that affect profit adjustment and social responsibility activities.","PeriodicalId":475808,"journal":{"name":"Jeonsan hoe'gye yeon'gu","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135990978","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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