Main Bank Relationship and Firm's Income-Increasing Earnings Management (in Korean)

Sang wook Lee ()
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Sang wook Lee: Department of Business, Seoul National University of Science and Technology

Economic Analysis (Quarterly), 2017, vol. 23, issue 3, 61-86

Abstract: The purpose of this paper is to empirically analyze how the main bank relations affect firms' income-increasing earnings management. All listed non-financial companies in Korea from 2004 to 2011 are employed to analyze the research questions. The results showed a negative impact of main bank relations on income-increasing earnings management. In addition, second main bank relations have no significant impact on income-increasing earnings management. However, foreign bank relations as a main bank have some meaningful impacts on income-increasing earnings management. The results might indicate a strong monitoring of main bank as an important corporate governance on income-increasing earnings management.

Keywords: main bank; firm-bank relationship; earning management; information asymmetry (search for similar items in EconPapers)
JEL-codes: G2 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:bok:journl:v:23:y:2017:i:3:p:61-86

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