IFRS 9 도입이 은행의 이익⋅자본 관리 및 경기순응성에 미치는 영향

This study investigates the impact of the 2018 adoption of IFRS 9 on the South Korean capital market and economy. It examines whether the increased managerial discretion resulting from IFRS 9 adoption has led to enhanced earnings management and capital management. Additionally, it evaluates whether IFRS 9 has achieved its primary objective of mitigating the procyclicality of bank lending. This analysis provides a comprehensive assessment of the effects of IFRS 9 adoption on the domestic economy and capital market. The empirical findings are as follows. First, there was an increase in banks’ earnings management and capital management practices after the adoption of IFRS 9. Second, the procyclicality of loan assets diminished following the adoption of IFRS 9, suggesting that its primary objective has been partially fulfilled. This study contributes to the literature by offering a thorough analysis of various accounting issues related to managerial behavior (earnings management and capital management) and changes in bank lending behavior in response to regulatory changes introduced by IFRS 9. It provides empirical evidence on the effects of IFRS 9 adoption, highlighting its importance.