한국전자거래학회지 (The Journal of Society for e-Business Studies)

  • 제19권2호
  • /
  • Pages.143-158
  • /
  • 2014
  • /
  • 2288-3908(pISSN)
  • /
  • 2765-3846(eISSN)
한국전자거래학회 (Society for e-Business Studies)
권호 표지
DOI QR코드

DOI QR Code

정보보안기업의 사외이사제도가 이익조정에 미치는 영향에 관한 연구

A Study on the Effects of Earnings Management in Outside Directors System for Information Security Company

  • 투고 : 2014.04.24
  • 심사 : 2014.05.23
  • 발행 : 2014.05.31
PDF 다운로드
⟨ 이전 논문 다음 논문 ⟩

초록

우리나라 정보보안 기업은 대체로 소유와 경영이 명확하게 분리되어 있지 않아 이사회가 원활히 제 기능을 하지 못하고 지배주주가 경영의사결정에 관여하며 이사회가 내부적인 통제 임무를 제대로 수행하지 못한다는 문제점들이 있다고 제기되었다. 본 연구의 목적은 정보보안 기업이 기업지배구조 개선의 일환으로 도입한 사외이사제도가 회계정보 투명성에 실효성이 있는지 여부를 알아보고 또한 기업경영의 전반적인 부분에서 효율적으로 운영이 되고 있는지를 경영자의 이익조정과 관련하여 실증자료를 이용하여 분석하고자 한다. 즉 구체적인 목적은 기술집약적 특성을 가진 정보보안기업을 중심으로 이사회의 사외이사비율과 사외이사의 이사회의 참석율을 대상으로 이익조정과의 관계를 파악하는데 목적이 있다. 본 연구의 <가설 1>은 이사회의 사외이사의 비율은 재량적 발생액과 부(-)의 관계에 있다. <가설 2>는 사외이사의 이사회 참석율은 재량적 발생과 부(-)의 관계에 있다. 실증분석결과 <가설 1>은 사외이사비율과 재량적 발생액의 관계는 가설과 같이 부(-)의 관계를 보이며 유의하므로, 채택되었다. 가설 2는 사외이사 참석율과 재량적 발생도 가설과 마찬가지로 회귀계수가 부(-)의 관계를 보이고 유의하므로 채택되었다.

Country ownership and management of information security companies generally do not clearly separate from the Board of Directors to function smoothly controlling shareholders do not participate in management decision-making and internal control board does not perform the task correctly, they said the issue was raised. The purpose of this study is to improve corporate governance, information security companies of the outside director system was introduced as part of the transparency of accounting information to investigate whether the effectiveness of the overall business management is also part of the efficient management of operations and earnings being with respect to the empirical data would be analyzed using the. This means that with the specific purpose of the characteristics of a technology-intensive company focusing on information security proportion of outside directors and outside directors of the board of directors of the board of directors of the target attendance rate for identifying the relationship between earnings management purposes. The empirical results is the ratio of outside directors and the relationship between discretionary accruals as a temporary negative (-) boyimyeo significant relationship, so was adopted. is discretionary accruals and attendance of outside directors, as is the hypothesis that the regression coefficient negative (-) shows the relationship between the mind, so was adopted.

키워드

참고문헌

  1. Beasley, M., "An Empirical Analysis of the Relation Between Board of Director Composition and Financial Statement Fraud," The Accounting Review, Vol. 71, pp. 443-446, 1996.
  2. Choi, J. H., Kim, S. J., and Kim, S. J., "An Empirical study on relationship agency costs and Composition Outside directors to the Corporate Board," The Accounting Journal, Vol. 12, No. 2, pp. 61-86, 2003.
  3. Choi, K. and Kim, M. C., "A Study on Earning Management of newly listed Companies," Korean accounting review, Vol. 22, No. 2, pp. 133-161, 1997.
  4. Collins, J., Shackelford, D., and Wahlen, J., "Bank Differences in the coordination of Regulatory Capital, Earnings and Taxes," Journal of Financial Economics, Vol. 58, pp. 81-112, 1995.
  5. DeAngelo, L., "Accounting Numbers As Market Valuation Substitutes : A Substitutes : A Study of Management Buyouts of Public Stockholders," The Accounting Review, Vol. 61, pp. 400-420, 1986.
  6. Dechow, P., Sloan, R., and Sweeney, A., "Detecting Earning Management," The Accounting Review, Vol. 70, pp. 193-225, 1995.
  7. Defond, M. C. and Park, C. W., "Smoothing income in Anticipation of Future Earnings," Journal of Accounting and Economics, Forthcoming, 1997.
  8. Defond, M. L. and JimBalvo, J., "Debt Covenant Violation and manipulation of Accruals," Journal of Accounting and Economics, Vol. 17, pp. 145-176, 1994. https://doi.org/10.1016/0165-4101(94)90008-6
  9. Gordon, M. J., "Postulate, Principles and Research in Accounting," The Accounting Review, (April) pp. 251-263, 1964.
  10. Jeon, K. A. and Park, J. I., "A Study on Deferred Taxes and Earning Management," Korean Accounting Review, Vol. 27, No. 1, 2002.
  11. Kim, H. J. and Ahn, J. H., "An Empirical Study of Employeeʼs Deviant Behavior for Improving Efficiency of Information Security Governance," The Journal of Society for e-Business Studies, Vol. 18, No. 1, pp. 147-164, 2013. https://doi.org/10.7838/jsebs.2013.18.1.147
  12. Klein, A., "Audit committee, board of director characteristics, and earnings management," Working paper, New york University, 2002.
  13. Labuschangne, L. and Eloff, J. H. P., "Electronic commerce : The information-security challenge," Information Management and Computer Security, Vol. 8, pp. 15-157, 2000.
  14. Mattord, H. and Whitman, M., "Regulatory Compliance in Information Technology and Information Security," AMCIS 2007 Proceedings, p. 357, 2007.
  15. Na, C. K., "Comparison of Management Compensation hypothesis and Income Smoothing hypothesis of Earning Management," Korean Accounting Review, Vol. 25, No. 4, pp. 55-83, 1996.
  16. Paek, W. S., "Comparison of Discretionary Accruals Estimate of Earning Management : Re-adjusted Jones Model," Korean Accounting Review, Vol. 25, No. 3, pp. 29-56, 2000.
  17. Park, J. I. and K. A. Jeon, "Study on Adjustment of deferred tax and benefits," Korean Accounting Review, Vol. 27, No. 1, pp. 107-137, 2002.
  18. Park, J. I. and Kim, G. H., "The Influence of Tax Costs and Earnings management on Book-Tax Income Differences," Korean Accounting Review, Vol. 27, No. 2, pp. 81-115, 2002.
  19. Park, K. S., Lee, E. J., and Jang, H. S., "Study on outside directors system of Korean listed companies," Korean Securities Association, Working Paper, pp. 105-135, 2003.
  20. Peasnell, K. V., Pope, P. F., and Young, S., "Board Monitoring and Earnings Management : Do Outside Directors Influence Abnormal Accruals?," pp. 10-25, 2000.
  21. Rangan, S., "Earnings Management and the Performance of Seasoned Equity Offering, Journal of Financial Economics, Vol. 50, pp. 101-122, 1998. https://doi.org/10.1016/S0304-405X(98)00033-6
  22. Schipper, K., "Commentary on Earnings Management," Accounting Horizons, Vol. 3, pp. 91-102, 1989.
  23. Seo, S. W., "The Economics of Information Security," Seoul National University press, 2008.
  24. Statistics Korea, http://www.nso.go.kr.
  25. Stoneburner, G., Goguen, A., and Feringa, A., "Risk Management Guide for Information Technology Systems," NIST special publication, 2002.
  26. Vafeas, N., "Board meeting frequency and firm performance," Journal of Financial Economics, Vol. 53, pp. 11-142. 1999.
  27. Watts, R. and Zimmerman, J., "Positive Accounting theory," Englewood Cliffs, New Jersey : Prentice Hall, 1986.
  28. Weisbach, M., "Outside directors and CEO turnover," Journal of Financial Economics, Vol. 20, pp. 431-460, 1998.
  29. Yoon, S. S., "KOSDAQ listed companies and corporate interests for the Comparative Study of Management," Journal of Financial, Vol 29, pp. 57-85, 2001.