This paper examines whether the increase in financial literacy of audit committee (AC) members induced by business trainings leads to the decrease in firms’ earnings management. Using a novel hand-collected dataset of Korean listed companies for the period of 2018–2020, we find that business...

Purpose: This study aims to examine whether debt financing creates incentives for private firms to engage in earnings management via classification shifting. Especially, the authors examine whether debt-induced financial reporting incentives differ depending on the type of debt (i.e. public...

We examine factors influencing firms' strategic disclosure of executive pay in Korea. Because the disclosure rules in Korea do not mandate but only recommend that firms distinguish between inside executive directors and outside directors when reporting the average pay of directors, this...