국내 상장 중국기업의 이익조정 분석

JEONGTAEBEOM

doi:10.26585/chlab.2012..35.011

Recently, many Chinese companies has listed their stocks on Korea stock exchange. However, some suspicion on the reliability of financial statements of them has raised after the one Chinese company’s stock trading has suspended due to the delay of release of annual report. This paper focuses on the quality of financial statements of Chinese companies, the stocks of which are traded in Korea stock exchange. It is evidenced that the discretionary accruals of Chinese companies are significantly larger than the ones of Korean companies. The more discretionary accruals the net income has, the less reliable the financial statement information is since the discretionary accruals are the proxy for the earnings management in the context of accounting research. Therefore, it requires much carefulness while the financial information of foreign companies provided in the securities market is used for our own purpose. Little study, however, has examined where the difference of earnings management between Chinese and domestic companies comes from. Accordingly, the more future research is expected focused on the source of the difference between counties to cope with the globalized trend of securities listing.

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* 2022년 이후 발행 논문의 참고문헌은 현재 구축 중입니다.

[web] / 금융감독원 전자공시시스템 / http://dart.fss.or.kr

[web] / 한국거래소. 코스닥시장기업정보센터 / http://ikosdaq.krx.co.kr

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