리스이용자의 사용권자산과 리스부채 회계정보의 가치관련성: 한국채택국제회계기준 제1116호를 기준으로

[Purpose]Due to the application of K－IFRS No.1116, all lessees are required to report lease－related assets and liabilities regardless of economic substance. This is to provide more relevant information, but there is a possibility that it may not properly reflect the economic substance. Therefore, the purpose of this study is to empirically examine whether lease－related accounting information is useful for information users’ decision－making. [Methodology]We analyzed the impact of right－of－use assets and liabilities reported by companies on stock prices in 2019 and 2020, when the new lease standard was applied, targeting manufacturing companies listed before 2017. Additionally, it was examined whether there was a difference in the information usefulness of property, plant and equipments before and after the introduction of the standard. [Findings]As a result of empirical analysis, it was found that the right－of－use assets and lease liabilities reported by the company have statistically significant positive (＋) and negative (－) effects on stock prices, respectively, confirming the usefulness of lease－related accounting information. On the other hand, property, plant and equipments showed a significant difference before and after introduction, but their influence on stock prices decreased. [Implications]Although it is possible to provide information that is suitable for information users by applying the new lease standards, its usefulness may be lowered because it does not properly reflect the economic substance. Therefore, by examining this through empirical analysis, the usefulness of the information could be confirmed.