손상차손의 인식이 실제이익조정에 미치는 영향

This study investigates how Assets Impairment is associated with Real Earnings Management. The sample consists of non－banking firms(4,231 Firm－years)with December fiscal year listed in Korean Stock Exchange over 2001－2009. The data on Assets Impairment variables are collected from the DART of Financial Supervisory Service and other firm－specific data is collected from Kis－Value Ⅲ database. Roychowdhury (2006) finds evidence that firms use multiple real earnings management tools in order to meet certain financial reporting benchmarks to avoid reporting annual losses. Therefore, This study Roychowdhury (2006)' used a model. This study, we look into the abnormal cash flow from operation(ACFO), abnormal discretionary expense(ADiscExp), and abnormal production cost(AProd), to measure real earnings management. The empirical results are summarized as follows. First, this paper find that Assets Impairment exists firms more Earnings Management through Real Activities than other firms. Secondly, The results on the size of money among the company having Assets Impairment has positive results This research provides control authorities the political implication that there is company management profit balance inducement using taxation benefit in timing of raising the Assets Impairment. Besides, it also contributes to financial accounts and taxation accounts on the point of systematical research to look the managing inducement for profit balance concerning with Assets Impairment.