본 연구는 기업지배구조가 회계의 보수성에 미치는 영향에 대해서 조사한다. 즉, 기업지배구조는 재무보고 과정에 영향을 미치기 때문에 기업의 지배구조에 따라 회계의 보수성에 미치는 영향을 차이를 보일 것이다. 이러한 관점을 기초로 본 연구는 기업지배구조를 측정 ...

본 연구는 기업지배구조가 회계의 보수성에 미치는 영향에 대해서 조사한다. 즉, 기업지배구조는 재무보고 과정에 영향을 미치기 때문에 기업의 지배구조에 따라 회계의 보수성에 미치는 영향을 차이를 보일 것이다. 이러한 관점을 기초로 본 연구는 기업지배구조를 측정하는 대표적인 요소인 사외이사제도와 감사위원회의 특성과 회계의 보수성 사이의 관계를 조사한다.
본 연구는 사외이사제도와 감사위원회의 특성을 전문성, 독립성, 활동성을 이용하여 측정한다. 분석결과 이들 특성에 대한 측정치가 높을수록 회계의 보수성은 더 높은 것으로 나타났다. 이러한 연구결과는 기업지배구조와 회계의 보수성은 양의 관계를 가진다는 구체적인 증거를 제시한다.

We examine the role of corporate governance on accounting conservatism. Since corporate governance influences the financial reporting process, it may have systematic relationship with the level of accounting conservatism. Specifically, we investigate ...

We examine the role of corporate governance on accounting conservatism. Since corporate governance influences the financial reporting process, it may have systematic relationship with the level of accounting conservatism. Specifically, we investigate the relationship between three board and audit committee characteristics and accounting conservatism. We posit that firms with the strong board of directors and audit committee are likely to recognize bad news in more timely manner, thereby report more conservative accounting income. Using board and audit committee composition, independence, and activity, we find that the level of accounting conservatism is positively associated with the strength of the board and audit committee. To the extent that the strength of the board and audit committee proxies the level of corporate governance, our results are broadly consistent with the prediction that corporate governance is positively associated with accounting conservatism.

We examine the role of corporate governance on accounting conservatism. Since corporate governance influences the financial reporting process, it may have systematic relationship with the level of accounting conservatism. Specifically, we investigate ...

We examine the role of corporate governance on accounting conservatism. Since corporate governance influences the financial reporting process, it may have systematic relationship with the level of accounting conservatism. Specifically, we investigate the relationship between three board and audit committee characteristics and accounting conservatism. We posit that firms with the strong board of directors and audit committee are likely to recognize bad news in more timely manner, thereby report more conservative accounting income. Using board and audit committee composition, independence, and activity, we find that the level of accounting conservatism is positively associated with the strength of the board and audit committee. To the extent that the strength of the board and audit committee proxies the level of corporate governance, our results are broadly consistent with the prediction that corporate governance is positively associated with accounting conservatism.

Corporate governance is a mechanism that constrains managers to protect shareholders. The role of corporate governance is likely to extend to accounting conservatism. Using the strength of the board and audit committee, this study examine whether the ...

Corporate governance is a mechanism that constrains managers to protect shareholders. The role of corporate governance is likely to extend to accounting conservatism. Using the strength of the board and audit committee, this study examine whether the strength of governance is positively associated with conservatism.
We find that firms with strong corporate governance report more conservative accounting. A natural interpretation of this finding is that strong governance acts as a constraint to the managers' inclination to delay loss recognition or speed up gain recognition, and consequently accounting for firms with strong governance tends to be more conservative. Our findings suggest that the role of the BOD and audit committee is significant despite the skepticism that their role is limited given the dominance of controlling owners in Korea.