경영자의 이익조정 및 감사인의 전문성이 손익구조변경공시 적시성에 미치는 영향

This study examines the effects of earnings management of material change disclosure and auditor's expertise on the timeliness of disclosure of material change disclosure. This study measures earnings management of material change disclosure using B&D model. In addition I uses industrial auditors and BIG4 as proxy for auditors' expertise. The empirical analysis results of this study are as follows. First, we find that earnings management firms delay material change disclosure. This results suggested that firms with low disclosure timeliness have low reliability of material change disclosure information. Secondly, the timeliness of material change disclosure and the expertise of the auditor have a positive relationship. It is suggested that the higher the auditor's expertise, the higher the level of material change disclosure. The contribution points of this study are as follows. I tried to find the cause of the focus on the timeliness of the material change disclosure. Furthermore, I examined both the positive and negative aspects of the impact on the timeliness of material change disclosure.