DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | Han, In-Goo | - |
dc.contributor.advisor | 한인구 | - |
dc.contributor.author | Park, Sang-Hyun | - |
dc.contributor.author | 박상현 | - |
dc.date.accessioned | 2013-09-12T04:50:30Z | - |
dc.date.available | 2013-09-12T04:50:30Z | - |
dc.date.issued | 2012 | - |
dc.identifier.uri | http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=512484&flag=dissertation | - |
dc.identifier.uri | http://hdl.handle.net/10203/182110 | - |
dc.description | 학위논문(박사) - 한국과학기술원 : 경영공학과, 2012.8, [ v, 104 p. ] | - |
dc.description.abstract | This thesis identifies environmental conditions in which the accrual anomaly is likely to occur. Based on earnings fixation explanations, I find that accounting conservatism and information asymmetry significantly affect investors’ perceptions of accruals, leading to security mispricing. Specifically, results in Study 1 suggest that investors are likely to overestimate the persistence of accruals when more conservative accounting is applied to reported earnings. Results in Study 2 show that investors’ mispricing on the accrual component of earnings is more severe regarding stocks of firms with high levels of information asymmetry. Additional market tests on both studies suggest that the positive relationship between accounting conservatism (as well as information asymmetry) and mispricing on accruals is more likely to be observed when accruals are negative. | eng |
dc.language | eng | - |
dc.publisher | 한국과학기술원 | - |
dc.subject | discretionary accruals | - |
dc.subject | accruals persistence | - |
dc.subject | information asymmetry | - |
dc.subject | conservatism | - |
dc.subject | Accrual anomaly | - |
dc.subject | Mishkin test | - |
dc.subject | 발생액 이상현상 | - |
dc.subject | 보수주의 | - |
dc.subject | 정보비대칭 | - |
dc.subject | 발생액 지속성 | - |
dc.subject | 재량적 발생액 | - |
dc.subject | Mishkin 실험 | - |
dc.subject | 초과 이익 | - |
dc.subject | abnormal return | - |
dc.title | The accounting conservatism and information asymmetry: implications for the accrual anomaly | - |
dc.title.alternative | 보수주의와 정보비대칭이 발생액 이상현상에 미치는 영향 | - |
dc.type | Thesis(Ph.D) | - |
dc.identifier.CNRN | 512484/325007 | - |
dc.description.department | 한국과학기술원 : 경영공학과, | - |
dc.identifier.uid | 020097033 | - |
dc.contributor.localauthor | Han, In-Goo | - |
dc.contributor.localauthor | 한인구 | - |
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