연구개발지출이 기업성과에 미치는 영향

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A Study on Earnings Management by Using Equity Method System

Young hwan, Kim
Advisor : Prof. Moon-Tae Kim, Ph.D.
Department of Accounting
Graduate School, Chosun University

Unfortunately traditional accounting information system has revealed many problems in accounting income measurement, so accounting entity has failed to provide useful accounting information necessary for their economic decision related to business enterprise. The problems are discordance between accounting concept and the concepts of economic theory, inconsistency with the accounting concepts in its application, unappropriated matching of revenue and expense and overstates the real profitability of an accounting entity, etc.
As a result, the above problems have caused the failure of rational income determination, understandability of financial accounting reports, check the maintenance of capital and mislead users' economic decision making. This resulted in rejecting the cost of capital in financial reporting, mainly the recognition of equity capital cost. The cost of equity capital have never been reflected in financial accounting processes. To avoid this problems, financial accounting information system should accept the cost of equity capital accounting. So we need the Economic Value Added(EVA) in Accounting and management. There is no doubt that this paper includes return on asset(ROA) and cash flow from operations(CFO)
This paper examines the effects of patents(PAT), R&D(as expences), and development(DEVEL) costs(asset) on EVA, ROA and CFO in the KOSDAQ firms. The main hypothesis of this study is whether PAT, R&D and DEVEL have a relation positively on firm performances after including control variables such as firm sizes, debt ratios, advertisement expenditures and education & training costs.
The main test methods used in this study are correlation analysis and multiple linear regression analysis. The test sample consists of 376 firm-year data, selected from the Korea Exchange(KRX) listed companies during 2007~2010. The major findings of the study are that the relationship between firm performances and PAT are positively significant, but R&D is not significant. This means firm performances regard high patents as the future economic benefits.
Alternative Title
The impacts on Firms` Performances of Research and Development Expenditures
Alternative Author(s)
Kim, Young Hwan
일반대학원 회계학과
일반대학원 회계학과
Awarded Date
Table Of Contents
목 차

제1장. 연구목적 1
제1절. 연구동기 및 목적 1
제2절. 연구 방법과 논문의 구성 3
제2장. 이론적 배경 및 선행 연구 4
제1절. 이론적 배경 4
1. 자산 및 비용의 개념 4
2. 무형자산의 개념 6
3. 무형자산의 종류 7
제2절. 선행연구 10
1. 연구개발비용과 광고선전비용의 기업이익 기여 10
2. 교육훈련비용의 기업이익 기여 12
3. 특허권의 기업이익 기여 16
제3장. 연구가설 설정 및 연구모형 20
제1절. 연구가설의 설정 20
제2절. 연구모형의 설계 22
제3절. 표본의 구성 25
제4장. 실증분석 결과 27
제1절. 기술통계 27
제2절. 상관분석 29
제3절. 다중회귀분석 31
제5장. 결 론 35
참 고 문 헌 37
조선대학교 일반대학원 회계학과
김영환. (2011). 연구개발지출이 기업성과에 미치는 영향.
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General Graduate School > 3. Theses(Master)
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