논문 해외 국제전문학술지(SCI급) CHANGES IN THE VALUE RELEVANCE OF ACCOUNTING INFORMATION BEFORE AND AFTER THE ADOPTION OF K-IFRS:EVIDENCE FROM KOREA
- 학술지 구분 국제전문학술지(SCI급)
- 게재년월 2018-02
- 저자명 권기면
- 학술지명 AFRO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING
- 발행처명 Inderscience Enterprises Ltd.
- 발행국가 해외
- 논문언어 외국어
- 전체저자수 1
홈페이지논문 초록 (Abstract)
This paper aims to investigate the value relevance change before and after the mandatory adoption of Korea’s international financial reporti ng standards (K-IFRS) in the listed Korean financial markets. This paper te sts the value relevance change by dividing sample data into the periods before (2008?2010) and after (2011?2013) K-IFRS adoption. This study categorise s sample data into several subgroups by firm size (large versus small and medium) and applicable financial market (KOSPI versus the KOSDAQ) for revealing further evidence of the value relevance change in Korean compa nies. The empirical results in this paper suggest that the value relevance of book value, accounting earnings, operating income, cash flows, and operating cash flows significantly changed before and after K-IFRS adoption. This paper ’s evidence suggests the possibility of a new debate regarding the primary value relevant factor before and after K-IFRS adoption among the companies lis ted on the Korea Stock Exchange.