재무건전성지수와 회계이익의 질과의 관련성 분석

The interested parties that use corporate accounting information can use the information about the earnings quality of accounting profit and financial stability useful when making finance related decisions. This study intends to conduct an empirical analysis to find out whether the financial stability score can roughly predict the earnings quality of accounting profit by grading financial ratio with financial stability score to analyze its relationship with the earnings quality of accounting profit. For this, this study verified whether the financial stability score model is useful for predicting the earnings quality of accounting profit by using the discretionary accrual, cash convertibility, and the quality of accrual which are proxy variables for the earnings quality of accounting profit as the measured variables. As a result of the analysis, the discretionary accrual showed negative relationship, the cash convertibility showed positive relationship, and the quality of accrual showed positive relationship when the financial stability score was high, showing higher quality of accounting profit and clear relationship between financial stability score and the earnings quality of accounting profit. In other words, the company showing high financial stability score also showed higher quality of accounting profit that the financial stability score was analyzed to have close relationship with the earnings quality of accounting. The important meaning of this study is that it verified the effect of the earnings quality of accounting profit even without using the existing complicated measuring model such as the earnings quality of accounting profit measuring model that combines scientific techniques proposed in prior studies but rather by using the simplified financial stability score model.