벤처기업의 지배구조가 회계정보의 유용성에 미치는 영향

This study researches the correlation between the earnings management, which can be represented as DA in this paper, and other financial information. The research is based on the financial statistics of KOSDAQ－listed Ventures. As for the stage of empirical analysis, the process was carried out in the order of establishment of research hypotheses and elaboration of a test model, definition and measurement of variables, selection of sample companies, empirical analysis and interpretation of result. In the regression analysis, conducted in conformity to previous studies on the impact of strengthened internal control on manipulation of earnings, discretionary accruals were used as dependent variables providing measures of earnings manipulation. To measure discretionary accruals, I resorted to the a cross－sectional adaptation of the Jones model. For the regression analysis, debt－to－equity ratio and company size chosen as control variables affecting the amount of discretionary accruals, and ownership variables, as test variables. The analysis revealed that the research hypothesis on whether an earnings management on accounting information manipulation was supported first owner and second owner was significant at the 1% level.