종업원 특성이 회계 보수주의에 미치는 영향: 종업원 근속연수를 중심으로

This study conjectures that employees with longer tenure have more capability to affect the decision making process of financial reporting, and investigate the relationship between employee tenure and the degree of accounting conservatism. The analysis shows that employee tenure is negatively associated with the degree of accounting conservatism, suggesting that the longer tenured employees likely weaken accounting conservatism to gain economic benefits linked to reported earnings, instead of enhancing the conservatism to improve the company's sustainability. In addition, we hypothesize and find that the negative association becomes less pronounced in firms with strong governance, which provide a mechanism to protect employees. This association remains robust to a test controlling for potential omitted variable problem. This study highlights the impact of employee tenure on the decision making process of financial reporting, which prior research has not focused on.