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Reforms in the Korean Financial Reporting Systems and Earnings Quality

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Abstract

This study examines the effect of reforms in the Korean financial reporting systems on earnings quality through an investigation of two sample periods: (1) prior to, and (2) after the 1997 financial crisis in Korea. The results indicate that financial sector reforms have reduced the opacity of Korean firms’ earnings reports.

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Authors and Affiliations

  1. College of Business, Prairie View A&M University, P.O. Box 519, MS 2310, Prairie View, TX, 77446, USA

    B. Brian Lee

  2. Kyungsung University, Busan, Korea

    Soo Duk Seo

Authors
  1. B. Brian Lee
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  2. Soo Duk Seo
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Corresponding author

Correspondence to B. Brian Lee.

Additional information

We thank Bill Vetter, Henry Huang, and two anonymous reviewers for helpful comments. The first author gratefully acknowledges a 2008 summer research grant from the Center for International Business Education at Prairie View A&M University.

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Lee, B.B., Seo, S.D. Reforms in the Korean Financial Reporting Systems and Earnings Quality. Asia-Pac Financ Markets 17, 51–61 (2010). https://doi.org/10.1007/s10690-009-9101-9

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  • DOI: https://doi.org/10.1007/s10690-009-9101-9

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