금융보험업의 당기순이익과 대손 준비금조정후이익의 기업가치 관련성

This study is intended to empirically verify the relative corporate value relevance between the profits for accounting(net income) and the profits for supervision (loan loss reserve adjusted income) and to verify whether the corporate value relevance gets different or not depending on the types of reporting on the loan loss reserve adjusted income while comparing mutually after dividing the corporate value relevance of the net income and the loan loss reserve adjusted income into the corporate value relevances in the consolidated and separate financial statements. The major verified results are as follows: First, in case of using the information on the consolidated and separate financial statements, it was found that the corporate value relevance with the loan loss reserve adjusted income is higher than that with the net income. Second, it was found that there is no difference between the corporate values in the consolidated and separate financial statements in case of using the information on the net income and the loan loss reserve adjusted income. Third, in case of using the information on the consolidated and separate financial statements, it was found that the corporate value relevance of the company reporting by entering the loan loss reserve adjusted income in the income statement than the company reporting by entering it into a note. Fourth, in case of a financial holding company, it was found that the corporate value relevance with the accounting information on the Financial Holding Company is higher than that on the major companies. The implications of the results from this Study are as follows: First, as the study results that the corporate value relevance with the loan loss reserve adjusted income is higher than that with the net income in both of the consolidated and separate financial statements, it is implicated that the loan loss reserve adjusted income is more useful than the net income when making a decision by using the accounting information of investors, creditors and other stakeholder, etc. Second, with the empirical evidence that there is a difference between the corporate value relevance between the posting of the loan loss reserve adjusted income in the Income Statement and the posting of that in a note in a Financial Statement in both cases of the consolidated and separate financial statements, it is implicated that the position of the information user must be considered enough when new accounting standards are introduced.