Earticle

초록

영어

This study investigates Korean firms' earnings management behavior during the 1997 Asian Financial Crisis (AFC), the 2008 Global Financial Crisis (GFC), and the COVID-19 pandemic in 2020. It aims to compare earnings management practices three years before and during each crisis, measuring accrual-based adjustments and real activities-based management. Findings indicate increased financial reporting volatility during the AFC but no significant changes in earnings management. Conversely, during the GFC, there was a notable decrease in earnings management, consistent with Filip and Raffournier’s study. However, the COVID-19 period saw a significant rise in earnings management, diverging from previous crises. This research offers insights into Korean firms' financial adaptations during economic turmoil, aiding policymakers and investors.

목차

Abstract
Ⅰ. Introduction
Ⅱ. Literature Review and Research Hypothesis
Ⅲ. Data and Methods
Ⅳ. Empirical results
Ⅴ. Additional Analysis
Ⅵ. Discussion and Conclussion
References

저자

• Kigninliman Aime, Ouattara [ Graduate School Student, Department of Global Business Administration at Sunmoon University, South Korea ] First author
• Hosuk, Shim [ Professor, Department of Business Administration at Sunmoon University, South Korea ] Co-Author

참고문헌