Earticle

초록

영어

The purpose of this study is to test relation of credit rating and earnings management. The firms have the incentive to make credit rating better with earnings management. But, if earnings management is considered in credit rating, earnings management will negatively be related with credit rating. This study used credit rating for firms instead of credit rating for issuing a debt and considered discretionary accruals as a means of earnings management. Test period is from 2002 to 2010. Samples are 3,612 year-firms from public, manufacturing firms. The empirical results showed that there was a negative relation between discretionary accruals and credit rating level. This means that though the firms have the incentive to improve credit rating through earnings management, earnings management have an negative effect on credit rating. Also, there was a negative relation between discretionary accruals and credit rating change. This means that earnings management have an negative effect on credit rating change. The empirical results imply that the firms manage earnings with discretionary accruals for the purpose of improving credit rating, but that credit rating negatively reflect the incentive.

목차

Ⅰ. 서론
 Ⅱ. 선행연구
 Ⅲ. 연구의 설계
 Ⅳ. 실증결과
 Ⅴ. 결론
 참고문헌
 Abstract

키워드

저자

• 김문현 [ Moon-Hyun Kym | 한국외국어대학교 국제경영학과 교수 ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  생산성연구: 국제융합학술지 [Productivity Research: An International Interdisciplinary Journal]

• 간기

  격월간

• pISSN

  1225-3553

• 수록기간

  1987~2025

• 등재여부

  KCI 등재

• 십진분류

  KDC 325 DDC 330