기업의 전략적 일탈과 이익조정

[Purpose]The purpose of this study is to empirically verify whether strategic deviation has an impact on accrued earnings management and real earnings management. At the same time, strategic deviation were grouped according to median to further verify the relationship between strategic deviation and earnings management. [Methodology]To this end, we analyzed the impact of strategic deviation on the earnings management by targeting 4848 companies listed on the Korean Stock Exchange from 2014 to 2021. [Findings]First, there is a statistically significant positive(＋) relationship between accrual earnings management as measured by the modified Jones model、real earnings management and strategic deviation. Second, firms with small deviation, although they also engage in earnings management, do so to a lesser extent than firms with large deviation. Finally, the positive relationship between the degree of strategic deviation and earnings management is further verified by changing the measurement method strategic deviation. [Implications]First, Taking strategic deviation as a new perspective has enriched the research on the factors that affect of earnings management. Second, by discovering the impact of corporate strategic deviations on profit adjustments, it can provide empirical evidence for restraining the improvement of accounting information quality and earnings management.