동반성장 기업의 실물 이익조정 수준 연구

A Study on the Real Earnings Management of Shared Growth Corporate

The purpose of this study is to detect the level of Real Earning Management (REM) of Shared Growth corporate. The level of Real Earning Management (REM), which is dependent variable is measured by the methods of Roychowdhury (2006) and Cohen·Zarowin (2010). The sample of this study is extracted from listed corporate on Korea Exchange, consists of 1,695 observations from 2015 to 2017. The result of this study can be summarized as follows. First, the Shared Growth has a significant negative relevance with Real Earning Management (REM). This means that Shared Growth corporate has a higher the Internal ethics relatively. Second, Shared Growth also has a significant negative relevance on Real Earning Management (REM) on the sample that is made up the Shared Growth Corporate. So we can expect that the accounting information of Shared Growth corporate is true as steel. But we can’t explain the reason the Shared Growth has a significant negative relevance on Real Earning Management (REM). We hope that this result can help investor making a reasonable decision on investment and officials making a effective policy on the Shared Growth.