Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 권세원 | * |
dc.date.accessioned | 2024-05-13T16:31:08Z | - |
dc.date.available | 2024-05-13T16:31:08Z | - |
dc.date.issued | 2024 | * |
dc.identifier.issn | 1229-3288 | * |
dc.identifier.other | OAK-35207 | * |
dc.identifier.uri | https://dspace.ewha.ac.kr/handle/2015.oak/268147 | - |
dc.description.abstract | As the volume of short-selling transactions in the Korean capital market increases, so does the need to understand the impact of short-selling. This study examines the association between short-selling and financial reporting by analyzing the accounting conservatism of the target firms. By reflecting private bad news in stock prices, short-selling functions as a channel of information for market participants. Insiders can delay the announcement of bad news when short sellers are targeting a company to lessen the negative impact of the short-selling. This should manifest as a reduction in conditional conservatism in response to short-selling. Using the Basu (1997) model and a sample obtained from the Korean Stock Exchange, this study investigates this hypothesis. This study’s empirical findings support the hypothesis that short-selling reduces the accounting conservatism of the target firms. This phenomenon is more pronounced in firms with a poor information environment, as measured by factors such as firm size, analyst following, the presence of credit ratings, return volatility, board independence, and ownership structure. This implies that a firm’s strategy of countering short-selling through managing accounting conservatism is less likely to be effective in firms with a good information environment. © 2024, Korean Accounting Association. All rights reserved. | * |
dc.language | English | * |
dc.publisher | Korean Accounting Association | * |
dc.subject | accounting conservatism | * |
dc.subject | informativeness | * |
dc.subject | negative information | * |
dc.subject | short sellers | * |
dc.subject | short-selling | * |
dc.title | Does Short-Selling Affect Accounting Conservatism? | * |
dc.type | Article | * |
dc.relation.issue | 1 | * |
dc.relation.volume | 49 | * |
dc.relation.index | SCOPUS | * |
dc.relation.index | KCI | * |
dc.relation.startpage | 1 | * |
dc.relation.lastpage | 25 | * |
dc.relation.journaltitle | Korean Accounting Review | * |
dc.identifier.doi | 10.24056/KAR.2024.02.001 | * |
dc.identifier.scopusid | 2-s2.0-85187134513 | * |
dc.author.google | Yim | * |
dc.author.google | Sang-Giun | * |
dc.author.google | Kwon | * |
dc.author.google | Sewon | * |
dc.contributor.scopusid | 권세원(57222865731) | * |
dc.date.modifydate | 20240701130953 | * |