Korean Association Of Computers And Accounting最新文献

{"title":"Current Status and Issues of Accounting Principles for Crypto Currency: The Case of Wemix","authors":"Jeong-han Baek, Gi－Ho Baek","doi":"10.32956/kaoca.2023.21.1.31","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.1.31","url":null,"abstract":"The cryptocurrency market has been expanding at a rapid pace and has been sharply contracting since the Lunar－Terra incident in May 2022, but Bitcoin’s market capitalization still exceeds that of Samsung Electronics. This shows that cryptocurrencies are gaining ground in the financial market as a new investment alternative, despite the ongoing debate about the futility of cryptocurrencies and whether they can be recognized as legal tender. Nevertheless, it is difficult to find a clear definition of cryptocurrencies and how they create value. Currently, IFRS requires that virtual assets be classified as inventories or intangible assets, which is expected to be difficult for listed companies to show the economic substance of virtual assets directly issued and distributed by listed companies. For example, IFRS classifies virtual assets as inventory if they are held for sale in the ordinary course of business or bought and sold by intermediaries, which is a view of virtual assets limited to the perspective of virtual asset exchanges. Recently, some virtual assets issued by domestic listed companies have been relatively clear about their use and method, but it is questionable whether their economic substance can be reflected in financial statements through existing inventory or intangible asset standards. This study considers the approach to establishing accounting standards for virtual currency issuers by examining a series of events that occurred in WEMIX, a virtual fund issued by WEMADE, to see why such events.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"190 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117336882","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Effect of Sustainability Report Disclosure Level on the Value Relevance of Accounting Information ：Focusing on the Three Characteristics of Quantity, Frequency, and Quality","authors":"Ju Yeon Kim","doi":"10.32956/kaoca.2023.21.1.201","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.1.201","url":null,"abstract":"Among the levels of disclosure of sustainability reports, the quantity, cumulative frequency, and quality of disclosures are empirically analyzed for the value relationship of accounting information. Study uses the Ohlson (1995) model. And The number of pages in the sustainability report was used as a quantitative level, the cumulative number of issues after initial issuance was used as a frequency level, and the results of the KRCA evaluation of the Korean Standards Association were used as a qualitative level. The quantity and cumulative frequency of the sustainability report showed a significant positive effect on stock prices over the next year, acting as a determinant of corporate value and being related to the increase in the value of accounting information. Although the excellent quality of the sustainability report did not have an effect on stock prices in the next year, the value of accounting information was confirmed to some extent as the net income per share and excellent quality interaction were strongly significant among the value relevance of accounting information. There is a research methodological contribution in that the level of disclosure through sustainability reports was studied in consideration of all three major characteristics of quantity, frequency, and query disclosure using objective and quantified measurement variables.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126423705","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Firms Size and the Effects of Investment on Equity Value","authors":"Shin－Suk Bang","doi":"10.32956/kaoca.2023.21.1.135","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.1.135","url":null,"abstract":"The purpose of this study is to examine the relative influence of investment expenditure and equity value according to firm size. However, according to previous studies, there is a difference in management decision making and various management policies depending on the size of the company, and the response in the capital market also suggests that there is a difference in the size of the company. The larger the size of the firm and the higher the market dominance, the more likely it is to realize economies of scale, so it is clear that the market response to the investment of these large firms will be different from the market response to the investment of small firms. Therefore, this study focuses on the difference in the size of these companies and examines the relationship between investment and equity value by each size. In addition, it is divided into alternative investment and adaptive investment according to the attributes of investment, and it is intended to compare and examine how these investments affect equity value. Forecasts related to this study are expected to differ in the relationship between investment expenditure and equity value depending on the size of the company, and to differ depending on investment properties. In order to empirically analyze this, this study analyzed the large and small sized companies, and as a result of the analysis, there was a difference in the response of the market in both the large and small sized companies. In other words, investment expenditure, alternative investment, and adaptive investment of large companies showed positive effects on equity value, but small companies showed non－significant effects. The results of this study are expected to provide important implications for research on investment decisions and decision making.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132673616","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Prohibition of Unfair Profit Offering and Asymmetric Cost Behavior","authors":"Kyung-tae Gong","doi":"10.32956/kaoca.2023.21.1.157","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.1.157","url":null,"abstract":"Affiliates of large corporate groups could be penalized for breaking the regulation against of favoring internal transaction. This study examines the effects on prohibition of unfair profit offering on Monoploy Regulation and Fair Trade Act(MRFTA) on the asymmetric cost behavior. Samples are selected among listed companies in Korea from 2013 to 2021 and number of samples is 2,180 firms per year which consist and 19,620 observations for 9 years. The results are as follows. First, listed companies in Korea show downward stickiness of costs for the purpose of adjustment costs when sales are decreased. Second, affiliates of conglomerates show downward elasticity through earnings management to conform to the regulation. Third, higher of asset intensity and employ intensity show stronger downward stickiness for the purpose of adjustment costs. This study will be practically meaningful because it analyses the influences of prohibition against unfair profit offering within the affiliates n Korea for the first time. In addition, it provides empirical evidence the relation between the regulation and asymmetric cost behavior and emphasis the necessity on the surveillance of authority.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"440 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123279001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Effect of Financial Ratios of Listed Companies on Corporate Value in China: Focused on the Moderating Effect of Corporate Social Responsibility","authors":"Jia－Yi Wang, Mi-young Park","doi":"10.32956/kaoca.2023.21.1.173","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.1.173","url":null,"abstract":"This study analyzed the effect of financial ratio and corporate social responsibility(CSR) on corporate value for listed companies in China, respectively, and further analyzed whether CSR have additional moderating effects in the relationship between financial ratio and corporate value. The financial ratios used in this study were profitability(net return on equity capital) and growth potential(sales growth rate), and corporate value was measured using the Tobin－Q value. Whether the CSR activities of the listed company are evaluated and disclosed in RKS was used as a CSR measurement variable, and additional analysis was conducted using the CSR evaluation score as a measurement variable because the CSR score could affect corporate value. The sample used in this study consisted of 14,566 company－year samples for companies listed on the China Shanghai Stock Exchange and Shenzhen Stock Exchange A stock market for six years from 2013 to 2018. The analysis results of this study are summarized as follows. First, both the sales growth rate and the net return on equity capital showed a statistically significant positive relationship with corporate value. Second, the social responsibility activity variable also showed a significant positive relationship with corporate value. Third, it was found that the financial ratio and CSR interaction variables had statistically significant positive values. Fourth, an additional analysis of only companies with CSR evaluation scores showed that both the financial ratio and CSR have a significant positive effect on corporate value, respectively. However, both financial ratio and CSR interaction variables were not statistically significant, indicating that the CSR evaluation score did not have a moderating effect on the relationship between financial ratio and corporate value.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124429424","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impact of Institutional Investors’ Responsible Investment Activities on ESG Performance: Focusing on Korea’s National Pension Service","authors":"Soonmi Yu, Gwi－Jeong Park","doi":"10.32956/kaoca.2023.21.1.91","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.1.91","url":null,"abstract":"SRI(Socially Responsible Investment) can be said to be an investment direction that not only meets investors’ pursuit of long－term returns but also induces corporate management activities to be operated in a direction beneficial to society. This study identifies whether the responsible investment of the National Pension Service, which considers the ESG of investee companies, effectively affects the ESG management performance of the actual company. As a result of the analysis, in the case of companies with a high proportion of responsible investment in the national pension, not only did the ESG rating of the year appear high, but it also had a significantly positive (＋) impact on the next ESG rating. This means that companies with a high ratio of responsible investment in the national pension not only secure sustainability by managing ESG－related risks relatively well but also ensure that corporate management activities are beneficial to society while the responsible investment of the national pension meets investors' pursuit of long－term returns. It means inducing long－term ESG management activities to have an impact. Until now, most of the previous studies sympathize with the expansion of responsible investment in the national pension fund management strategy but relatively few studies have dealt with whether their responsible investment drive policies have a positive effect on actual ESG performance.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116862340","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Artificial Intelligence and Accounting Education: Focusing on ChatGPT and Its Applications","authors":"Yang－In Yoon","doi":"10.32956/kaoca.2023.21.1.1","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.1.1","url":null,"abstract":"Artificial Intelligence has a significant impact on every aspect of our daily life and every industry. The recent introduction of ChatGPT accelerated these changes. This study examines the performance of ChatGPT on accounting cases and its implications for accounting education. ChatGPT generates correct answers and explanations for illustrating the core concepts of accounting and posting the journal entries upon the relatively simple transactions. However, ChatGPT has limited capacities on processing more complicated events and transactions. In accounting education, it becomes more important to evaluate student work more accurately particularly when the students submit the incomplete works that are easily accessible through ChatGPT. The further discussion and correction process over the incorrect parts can also be key processes for accounting education.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115266542","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Effect on the Political Development through the Activation of Donations","authors":"H. Park, J. Lee, Ji Eon Park","doi":"10.32956/kaoca.2023.21.1.113","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.1.113","url":null,"abstract":"This study examines the effect on the transparency of political development through the activation of donations under the Political Fund Act and the activation of donations under the Tax Law, and also examines the effect of such activation on participation in political activities. The analysis results are as follows. First, when donations are activated under the Political Funds Act, the transparency of political activities increases and contributes to political development. Second, if when donations are activated under the Tax Law, transparency and participation in political activities increase and ultimately contribute to political development. Third, transparency in political activities and participation in political activities have a positive effect on the political development of Korea. Fourth, if the transparency of political activities perceived by the people is achieved, it will lead to a heightened sense of citizenship among the people, and ultimately, enhance the participation of the people in political activities. In summary, in order to develop a sound political consciousness, and to enhance the transparency of political activities and participation in political activities, it is necessary to improve the donation－related regulations of laws that involve compulsion (such as the Political Funds Act and Tax Act) beyond simple publicity or advertising.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131376142","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corporate Innovation and Corporate Value based on Management Strategy","authors":"tae-wan kim","doi":"10.32956/kaoca.2023.21.1.57","DOIUrl":"https://doi.org/10.32956/kaoca.2023.21.1.57","url":null,"abstract":"A Corporate management strategy can be defined as embodying the propensity of top management that can affect the overall management activities. In particular, research was conducted in that management strategies can have an important influence on the study of the value relevance of corporate innovation. In this study, the management strategy analyzed the impact of corporate innovation on corporate value using Miles and Snow (1978, 2003)’s defense (prospector) strategy and ESG management strategy. The analysis results can be divided into two main categories：the analysis of the relationship between management strategy and corporate innovation, and the relationship between corporate innovation and corporate value according to management strategy. First, the results of the analysis of the relationship between management strategy and corporate innovation were first analyzed that defensive strategies had a significant (＋) effect on corporate innovation. As a result of the defense strategy, which is a stable manager’s strategy using cost reduction and economies of scale, has a positive effect on corporate innovation rather than prospective strategies, different results from expectations were confirmed. The prospective strategy was expected to be significant with corporate innovation indicators due to uncertainties such as new product development, new market development, and R&D, but there was no significance. Second, only ESG (integration) and social responsibility (S) were significantly positively (＋) related to corporate innovation, and the remaining governance and environmental responsibilities were not significant. From these results, it was partially confirmed that the more ESG management companies, the stronger the corporate innovation tendency. Next, the analysis of the value relevance of corporate innovation according to management strategy showed that the more defensive strategic companies and the more defensive innovative companies have a significant positive (＋) relationship with corporate value than those that do not (prospective innovative companies. These results can be estimated that participants in the capital market evaluate corporate innovation of defensive strategy companies that seek cost reduction and stable profitability more important than prospective strategies with high uncertainty in determining corporate value. Second, as a result of analyzing the value relevance of corporate innovation using ESG integrated indicators and individual indicators, it was analyzed that the value relevance of corporate innovation was significant (＋) for ESG management strategy companies. Research on the relationship between corporate innovation and corporate value has long been conducted. This study is meaningful in that it confirmed the importance of CEO's choice of management strategy, believing that corporate innovation and corporate value(Tobin Q) relationship will have different information effects and value relationships depending on the choi","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121891913","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Analyzing Users of Loan Comparison Platforms in South Korea","authors":"Chang-Woo Jang, Y. J. Kim","doi":"10.32956/kaoca.2022.20.3.93","DOIUrl":"https://doi.org/10.32956/kaoca.2022.20.3.93","url":null,"abstract":"In South Korea, the market for online personal loan comparison services are booming. Using customer data from a lender firm in Korea, we analyze how borrowers from different affiliate marketing channels including four major online personal loan comparison service platforms differ in terms of customer characteristics and their likelihood of default. Customers who takes out personal loans through online personal loan comparison service platforms are, on average, younger, more likely to purchase personal loan products rather than business loans, less likely to be in high credit rating level, and transact with a larger number lenders. Using multivariate analysis, we show that the likelihood of loan default varies by affiliate marketing channels. Our result calls for customized customer risk management programs by affiliate personal loan marketing channels to increase profitability of lender firms.","PeriodicalId":246190,"journal":{"name":"Korean Association Of Computers And Accounting","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128894104","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}