기업의 지속가능 세부지수와 이익조정의 관련성에 관한 연구

The purpose of this research is to determine the relationship between the corporation’s sustainable detail index as measurement for external ethical responsibilities and its internal earning management, which is considering certain acts as unethical For this study. KEJI (Korea Economic Justice Institute) Index is used as a proxy variable for sustainable detail index in a corporation, and the DA (Discretionary Accruals) is applied for its earning management to progress empirical analysis. The result of this study is summarized as follows:In the Sustainable Society Index, the index for disabled employees has showed a negative relationship with discretionary accruals (DA). This result indicates that if a company has higher ratio of disabled employees, it is less susceptible to earnings management behavior. In addition, the Index of Contribution has showed a positive relationship with DA and this implies that employer would manage earnings to reduce the burden of contribution expenses. For the Environmental Sustainability Index, only the energy efficiency has showed a negative relationship with DA. The findings of this study imply that the employer subject to higher Energy Efficiency Index (EEI) has a relatively a lower expenses and this could help to improve the profits by reducing the cost price. Overall, this result could be interpreted that the employer with higher EEI is less willing to conduct an unethical behavior. As with previous researches, the Index of Tax in the Economic Sustainability Index (ESI) has showed that a company's earnings.