Do Labor Unions Affect Income Smoothing Through R&D Management?
- 주제(키워드) chaebol , income smoothing , Korea , Labor union , M41 , M43 , R&D expense
- 등재 SSCI, SCOPUS
- 발행기관 Routledge
- 발행년도 2022
- 총서유형 Journal
- URI http://www.dcollection.net/handler/ewha/000000193623
- 본문언어 영어
- Published As https://doi.org/10.1080/1540496X.2022.2088346
초록/요약
Using the firm-level labor union data unique to Korea, this study examines the influence of labor unions on firms’ income smoothing activities through R&D expense adjustment. We show that unionized firms have greater extent of income smoothing through R&D adjustment, suggesting that labor unions impose pressure on management to smooth out fluctuation in earnings path. Also, we find evidence that the positive association between labor union and income smoothing via R&D expense is significant only for non-chaebol firms. These findings add to the existing literature on the impact of labor unions, one of important stakeholders, on firms’ accounting choices and financial reporting behavior. © 2022 Taylor & Francis Group, LLC.
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