재량적 발생액을 이용한 이익조정에 관한 이론적 검토와 향후 전망

>This study is to analyze and document different means, motivation and hypotheses on earnings management theoretically. Recent studies develope the discretionary accruals’ estimation model and examine whether the firms’ earnings management is performed or not. But these studies have been performed unsystematically. Especially, most studies of earnings management regard discretionary accruals as the proxy of earnings management, but partially discretionary accruals communicate managements’ private information. And the design of the discretionary accruals’ estimation model depends on the regression models that are not identified the theoretical background, therefore the models sometimes result in the false outcomes.These studies on earnings management are very important, because a deep study provides us with an insight on both the discretion of accounting choose and firm value. On the other hand, these studies also help us discern the reliance of F/S’ items.