An Investigation of Accounting Method Choices of Multinational Corporations

Abstract

본 연구의 목적은 국내기업들이 상대적으로 다국적기업들과 비교하여 당기순이익을 증가시키는 회계방법선택을 보다 많이 사용하는지의 여부를 실증적으로 분석하는 데 있다. 본 연구의 목적을 달성하기 위해 본 연구에서는 부채비율변수, 기업규모변수, 투자기회변수를 사용하여 이 변수들이 회계방법선택에 미치는 영향을 분석하고, 그리고 다국적기업과 국내기업의 회계방법선택의 차이를 평가하기 위해 다국적기업 측정변수를 도입하여 설명 변수로 사용하고 있다. 본 연구에서는 로지스틱 회귀모형분석을 사용하여 재고자산 평가벙법, 유형자산의 감가상각방법 및 영업권 상각연수 등 세 가지 회계방법선택을 실증적으로 평가하고 있다. 다국적기업과 국내기업의 회계방법선택의 차이에 관한 본 논문의 결과는 다국적기업과 국내기업의 당기순이익을 평가하는 데 도움을 줄 수 있을 것이다.

The main purpose of this study is to empirically investigate whether U.S. domestic corporations (DCs) are more likely to use income-increasing accounting method choices than U.S.-based multinational corporations (MNCs). This study focuses on the effects of the debt-equity ratio, the firm size, and the growth opportunities on accounting method choices and introduces measures of multinationality to evaluate the differences in accounting method choices between MNCs and DCs. Three accounting procedure choices are evaluated in this study by using logistic regression analysis : inventory cost valuation, depreciation method, and goodwill amortization period. Empirical documentation of the systematic differences in accounting method choices between multinational and domestic corporations can help users of accounting information to assess the usefulness of accounting earnings of MNCs and DCs.

The main purpose of this study is to empirically investigate whether U.S. domestic corporations (DCs) are more likely to use income-increasing accounting method choices than U.S.-based multinational corporations (MNCs). This study focuses on the effects of the debt-equity ratio, the firm size, and the growth opportunities on accounting method choices and introduces measures of multinationality to evaluate the differences in accounting method choices between MNCs and DCs. Three accounting procedure choices are evaluated in this study by using logistic regression analysis : inventory cost valuation, depreciation method, and goodwill amortization period. Empirical documentation of the systematic differences in accounting method choices between multinational and domestic corporations can help users of accounting information to assess the usefulness of accounting earnings of MNCs and DCs.