An empirical study on size and earnings management of newly listed companies in KOSDAQ코스닥시장 신규등록기업들의 외형 및 이익관리 실증분석

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This study investigates on size and earnings management of newly listed companies in KOSDAQ market. We estimate pre-listed year``s discretionary accruals of newly listed firms using Adjusted Jones Model and compare them with discretionary accruals of firms that were already listed in KOSDAQ market. We also estimate the variance of accounts receivable as a major determinant of discretionary accruals. The results show that even though newly listed firms have higher level of discretionary accruals than already-listed firms, there is no statistical evidence of discretions in sales policy. Also, we discuss structural limits of Adjusted Jones Model when comparing discretionary accruals between groups with different growth rates.
Advisors
Park, Myeong-Cheolresearcher박명철researcher
Description
한국정보통신대학교 : 경영학부,
Publisher
한국정보통신대학교
Issue Date
2004
Identifier
392409/225023 / 020024106
Language
eng
Description

학위논문(석사) - 한국정보통신대학교 : 경영학부, 2004, [ v, 56 p. ]

Keywords

Empirical study on size; Earnings management; KOSDAQ; Newly listed companies

URI
http://hdl.handle.net/10203/54416
Link
http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=392409&flag=dissertation
Appears in Collection
MG-Theses_Master(석사논문)
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