내부회계관리제도 비표준보고 기업의 재무적 특성에 관한 연구

The purpose of this study is to compare the different financial characteristics and firm value of companies using between standard report form and non-standard form on internal control systems. In order to find the differences between two types of companies, 312 companies are sampled and conduct t-test. Furthermore, multi variate regression analysis is conducted to find the different effects of variables that affect firm value. The results are as follows; First, the return of assets in companies using standard form has 10 times higher than that in companies using non-standard form. In the firm value measure, companies using standard form have higher scores than companies using non-standard form. Second, two financial ratios, the return of assets and total assets turnover, affects firm value significantly. In particular, current ratio, sales growth, and sales growth per employee have the highest influence on firm value for the companies using standard form. Based on the results, compared to companies using standard form, companies using non-standard form have different financial characteristics. For both standard and non-standard form companies, profitability and turnover have higher impact on companies using non-standard form than on companies using standard form.