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The effect of management style on financial statement comparability: evidence from Korean business groups

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  • Yong-Shik Kim
  • Sun A Kang
  • Sang-Hun Park

Abstract

In this study, we investigate whether firm-pairs in the same business group have more comparable earnings than firm-pairs in different business groups. We find evidence consistent with our hypothesis that accounting earnings comparability is greater when two firms are members of the same business group. Additionally, we find that accounting earnings comparability for firm-pairs in the same business group is greater where insider ownership of business groups is higher and the exchange of board personnel is more frequent. In sum, we confirm that ‘management style’ in each business group contributes to an improvement in accounting earnings comparability across member firms in the same business group.

Suggested Citation

  • Yong-Shik Kim & Sun A Kang & Sang-Hun Park, 2021. "The effect of management style on financial statement comparability: evidence from Korean business groups," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 28(4), pages 454-471, July.
    • Handle: RePEc:taf:raaexx:v:28:y:2021:i:4:p:454-471
    DOI: 10.1080/16081625.2019.1566870
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    Cited by:

    1. Choi, Yoon K. & Han, Seung Hun & Kwon, Yonghyun, 2024. "Relative performance evaluation with business group affiliation as a source of common risk," Global Finance Journal, Elsevier, vol. 60(C).
    2. Yong-Shik Kim, 2023. "The Association between Voluntary Carbon Disclosure and Accounting Comparability: Examining the Moderating Effect of Korean Business Groups," Sustainability, MDPI, vol. 15(6), pages 1-17, March.
    3. Zhichao Zhang & Fangjun Wang, 2023. "Managerial short‐termism and financial statement comparability," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(5), pages 5027-5067, December.
    4. Wang, Fangjun & Zhang, Zhichao & Ho, L.C. Jennifer & Usman, Muhammad, 2023. "CFO gender and financial statement comparability," Pacific-Basin Finance Journal, Elsevier, vol. 80(C).

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