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

Author

Listed:
  • Sang wook Lee

    (Department of Business, Seoul National University of Science and Technology)

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.

Suggested Citation

  • Sang wook Lee, 2017. "Main Bank Relationship and Firm's Income-Increasing Earnings Management (in Korean)," Economic Analysis (Quarterly), Economic Research Institute, Bank of Korea, vol. 23(3), pages 61-86, September.
  • Handle: RePEc:bok:journl:v:23:y:2017:i:3:p:61-86
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    More about this item

    Keywords

    main bank; firm-bank relationship; earning management; information asymmetry;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services

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