경영전문대학원

1980. 3. - 1984. 2. 서울대학교 경영대학 경영학과 입학, 졸업(경영학사)

1984. 3. - 1986. 2. 서울대학교 대학원 경영학과 입학, 졸업(경영학석사; 회계학 전공)

회계감사 및 재무회계

1992. - 1993. University of Texas at Austin, Assistant Instructor
1994. - 1995. University of Maryland at College Park, Lecturer
1995. - 1996 University of Oregon, Visiting Assistant Professor
1996 - 현재 동국대학교 교수

• 재무회계, 명경사, 2003
• 신회계원리, 경문사, 2006
• Strategic Audit Timing Plans, 2005, 회계학연구
• 전략적 감사위험모형에 관한 연구, 2006, 경영학연구
• 개인투자자의 심리회계, 2006, 경영학연구
• 감사위원회의 자발적 수요 요인에 대한 연구, 2008, 회계와 감사연구
• 감리지적기업의 경영자, 이사회 및 외부감사인 특성, 2009

BBA or BA: Seoul National University

MS or MBA: Seoul National University

세무회계,재무회계

• 2002 ~ Present: Professor, Dongguk Business School
(Teaching courses: Corporate Tax Accounting, Accounting Principle, Tax and Business strategy)
• 1999 ~ 2002: Halla University

A. [Learning & Pedagogical Research]

§ Peer Reviewed Journal (Peer reviewed journal articles):

Aggressive Tax Planning by K Securities Company and S Bank : Converting Taxable Interest Income to Tax-Free Gains from Trading Derivatives, KOREAN ACCOUNTING JOURNAL(Dec 2008) with W.O. Jung and B.W. Jun

Merger with a Firm with Net Operating Loss – The Case of HANA Bank, Korean Journal of Taxation Research(June 2008) with W.O. Jung and B.W. Jun

The Corporate Trade Case of 'A' Corporate – The Contractual Perspective of Tax Planning, Korean Journal of Taxation Research(September 2007) with W.O. Jung


B. [Discipline-Based Scholarship]

§ Peer Reviewed Journal (Peer reviewed journal articles):

"Taxation Issues on Back－Door Listing of Private Companies － The Case of a Movie Star Yong－June Bae's BOF", (June 2011)

"Effectiveness of Tax Preferences for Venture Companies in Terms of Implicit Tax Phenomena", (Dec 2010)

"Aggressive Tax Planning by Using Legal Loopholes and Its Non－Tax Costs －The Case of Samsung Everland's Convertible Bonds", (June 2010)

"A Study on the Complete－Comprehensive System of the Gift Tax", (June 2010)

"A Case of IFRS Adoption: Eagon Industrial Co., Ltd.", (May 2010)

"A Study of Enhancing the Range of Charitable Deduction on Tax Law - focusing on the plan to regard service giving as charitable contribution", (April 2010)

"Relationship between Earnings Management Practices and Liabilities Measured as the Book-Tax Income Difference", (April 2010)

"A Study on Evaluation of Unlisted Stocks under the Inheritance and Donation Tax Law Using Costs of Equity Capital", (March 2010)

"Problems with and Remedies for a Consolidated Return", Journal of Taxation Accounting(March 2009) with Juneq Lee

"A study on the VAT Issues for Gold Bullion Trades", Seoul Tax Law Review 2007 Vol 13-3 with H. Park

"The Evasions of Gold Bullion Trades and Its Improvements", Seoul Tax Law Review 2007 Vol 13-2 with B.W. Jun

"How to Reduce Tax Loopholes and Penalize Transactions without Records in the Beverage Industry", Korean Journal of Taxation Research(Dec 2006) with W.W. Choi and B.W. Jun

"Book-Tax Difference of Korean Firms Examined Using Actual Tax-Reconciliation Date", Korean Accounting Review(Dec 2006) with W.O. Jung and J.K. Ko, H.C. Roh

"Intra-industry Information Transfers Associated with the Disclosure of Legal Management Application and their Determinants", KOREAN MANAGEMENT REVIEW(June. 2006)

"An Empirical Study on Revenue Contribution of Meals & Entertainment Expenditure in Excess of Corporate Tax Deduction Limit", Korean Journal of Taxation Research(Dec. 2005) with W.W. Choi and Y.H. Lee

"A Study on The Concept of Transfer under Capital Gain Taxation", Seoul Tax Law Review(Vol 11-1, July 2005) with J.S. Jung

"A Study on the Implementation of Consolidated Tax Return Filing to the Korean Corporate Tax System", Korean Journal of Taxation Research(Dec. 2004) with Y.K. Chung and D.H. Chung

"Incremental Effect and Determinants of Equity to Shareholders in Regal Management", KOREAN MANABEMENT REVIEW(June. 2004) with H.J. Kang

"Firm Characteristic and Corporate Income Tax Smoothing Behavior Using Indirect Tax Exemptions Items", Korean Journal of Taxation Research(Aug. 2002) with T.H. Lee and Juneq Lee

"New Evidence on Realization of Implicit Taxes and Implicit Taxes Shifting through Firm Market Structure", KOREAN MANAGEMENT REVIEW(May. 2001)


§ Books (Scholarly books):

Korean Tax Accounting, Aubook Press, 2009 with S.H. Yang

Principles of Accounting, Pakyoungsa Press, 2008 with C.W. Lee and H.D. Cho

ax Strategy of Business and Tax Account Research, Younghwachosetongram Press, 2008 with Juneq Lee

Bachelor of Business Administration, Inha University, 1990-1994

Master of Business Administration, Seoul National University, 1997-1999

재무회계, 소득세

Professor, Dongguk University, 2008-Present
Korea Deposit Insurance Corporation/Researcher, 2002-2003
Softbank @platform/Researcher, 2000-2001
Halla Heavy Industrial Company, 1994-1996

1. Published Papers

“Transparency Improvement of Non-Profit Organizations and the Role of Accounting,” (with W. H. Kim, K. A. Jeon, C. M. Jung, and O. R. Song), 2013, Korean Accounting Journal 22(3), pp.159-197.

“The Effect of the Tax Subsidy on Accounting Conservatism” (with U.S. Son and K. S. Kim), 2013, Korean Journal of Taxation Research 30(2), pp.31-65.

“The Effect of Accrual-based and Real Earnings Management by Non-listed Small Firms on Auditor Choices” (with J. I. Park), 2013, Journal of Taxation and Accounting 14(3), pp. 29-72.

“Firm Location and Earnings Management: Korean evidence” (with J.H. Choi, Joseph Comprix, and H.J. Kwon). 2012, Asia-Pacific Journal of Accounting & Economics 19(3), pp.292-317. (SSCI)

“The Dividend Payout and Analysts’ Optimistic Forecasts Bias”, 2012, Journal of Taxation and Accounting 13(1), pp.189-218.

“Practice Guidelines and Education Materials of Valuation and Procedures of Intangible Assets in Business Combinations” (with S. Y. Kwon, J. I. Kim, and G. J. Kwon), 2012, Korean Accounting Journal 21(5), pp.293-330.

“Firm Location, Analyst Following, and Bias in Analysts’ Earnings Forecasts (with J.H. Choi), 2010, Journal of Taxation and Accounting 11(4), pp.275-304.

“Re-Examination of Accounting Transparency in Korea” (with I. M. Song, C. W. Lee, K J. Lee, and D. J. Jung), 2010, Accounting & Auditing Research 52, pp.327-365.

“The Effect of External Audits and the Demand for Differential Audits by Non-listed Small Firms on Credit Rating” (with J. I. Park), 2010, Accounting & Auditing Research 52, pp.363-405.

“The Effect of Listing Status and Audit Quality on Earnings Quality”, Korean Accounting Journal 19(3), pp.55-82.

"The Effect of Regulation Fair Disclosure on Conference Calls: The Case f Earnings Surprise" (with Bok Baik), 2009, Asia-Pacific Journal of Financial Studies 38(6),pp.801-829,(SSCI)

"The Association between Firm Location and the Tendency to Meet or Beat Analysts' Earnings Forecasts" (with Jong-Hag Choi), Korean Management Review, April 2009, Vol 38. 611-639.

"Conditional Conservatism, Listing Status, and Auditor Quality" (with Lee-Seok Hwang, Kyung-Ho Park, Woo-Jong Lee), Korean Accounting Review, July 2008, Vol. 33, 145-182 [in English].

"Strategic plan for the convergence to IFRS" (with In-Man Song, Chang-Woo Lee, Kab-Jae Lee), 회계와 감사연구, 2007, Vol45, 187-208.

"Strategic for Improvement of International Competitiveness on Accounting Practices" (with with In-Man Song, Chang-Woo Lee, Kab-Jae Lee, Do-Jin Jung), Accounting & Auditing Research, 2006, Vol 44, 1-26.

"An empirical analysis of the effect of a performance-based compensation plan: Evidence from an automobile distribution company in Korea" (with Tae-Sik Ahn), Korean Accounting Review, December 2005, Vol. 30, Special Issue 2, 79-107 [in English].


2. Presentations

"The effect of Foreign Ownership on the Association of Dividend Changes and Future Earnings"(with Tae-Goo Kang, Chang-Woo Lee)

August 2009 The American Accounting Association Annual Meeting, New York

"The Fundamental Value to Price Anomaly: An Abnormal Earnings Growth Valuation Model"

August 2008 The American Accounting Association Annual Meeting, Anaheim

"The fundamental value to price anomaly: An abnormal earnings growth valuation model"
December 2007 Korean Accounting Association Winter Conference, Korea

"Does sales commission affect the sales mix? Evidence from an automobile distribution company" (with Tae-Sik Ahn, Hyung-Rok Jung, and Jin-Ha Park)

January 2008 The Management Accounting Section Research and Case Conference, California

August 2007 Korean Accounting Association Summer Conference, Korea

"Urban versus rural firms and opportunistic earnings management: Korean evidence" (with Jong-Hag Choi, Joseph Comprix, and Helen Hye-jin Kwon)

January 2008 Journal of Contemporary Accounting and Economics Joint Symposium, Hong Kong

September 2007 International Association for Accounting Education and Research, Mexico

August 2007 The American Accounting Association Annual Meeting, Chicago

December 2006 Korean Accounting Association Winter Conference, Korea

"An empirical analysis of the effect of a performance-based compensation plan: Evidence from an automobile distribution company in Korea" (with Tae-Sik Ahn)

November 2005 The Asian Academic Accounting Association 6th Annual Conference, Malaysia

August 2005 Korean Accounting Association Summer Conference, Korea

Bachelor of Arts in Business Administration, Korea University, Seoul, Korea, 1987-1991

Master of accountancy, George Washington University, Washington D.C., U.S.A., 1998-2001 / Master of Business Administration, Korea University, Seoul, Korea, 1994-1998

재무회계

Dongguk University, Professor, March 2009 – Present
The Bank of Korea, Economist, January 1990 – June 1993
Passed CPA exam in Maryland, January 2001
금융감독원 회계제도실 자문교수 역임
공인회계사 시험위원 역임
입법고시 출제위원 역임
서울시 투자 출연기관 경영평가위원 역임
중부세무서 국세심사위원 역임

§ Peer Reviewed Journal :
(SSCI Listed Journal)
K Cho, Y Kim, S Yoon, “How actuarial assumptions affect the DBO under international financial reporting standards?” Australian Accounting Review, 2014.

K Kwon, K Cho, Y Han, Y Yoon, “The impact of IFRS adoption on the relation between earnings quality and information asymmetry in Korea?” Emerging Market Finance and Trade, 2015.

B Baik, K Cho, W Choi, J Kang, “The role of institutional environments in cross border mergers: a perspective form bidders’ earnings management behavior” Management International Review, 2015.

J Yi, K Cho, “Performance of Technology Sector Hedge Funds in Emerging Markets.” Emerging Market Finance and Trade, 2015.

(KCI Listed Journal)
Coau, Review of Accounting and policy Studies, “Real earnings management and CEO turnover of Korean Agricultural Cooperatives“, Nov, 2019

Coau, Korean Accounting Review, "The effects of the disclosure of key audit matters on audit efforts and audit fees: moderating effects of bargaining power, auditor tenure and auditor size", Dec, 2019

Coau, Korean Journal of Business Administration, "Effects of female executive in the firm on accounting quality", Sep, 2019

Coau, Global Business Administration Review, "The Effect of CEO Turnover on the Auditor’s audit effort", Jun, 2019

Coau, Journal of Taxation and Accounting, “The Effects of Financial Statment Comparability on Firm Visibility”, Dec, 2018

Coau, Journal of Taxation and Accounting, “The Effects of Conservative Accounting on Cost of Equity Capital-Perspectives from Prospect Theory”, April, 2018

Coau, “Effect of Proactive and Reactive Outside Directors’ behavior on Banks’ Financial Performance” Productivity Review, 2017.

Coau, Journal of Taxation and Accounting, “Correlation of Review option on the Internal Accounting Control System and Material Misstatements in Financial Statements”, Dec, 2016

Coau, Korean Accounting Journal “The Impact of Mandatory K-IFRS Adoption on Accounting Comparability in the same industry: Focusing on the Differences of the Corporate Governance Characteristics", Dec, 2015

Coau, Korean Accounting Review, "Accounting Conservatism of Financial Statements Prior to Firm De-listing", Oct, 2015

K Cho, S Lee, “The impact of the intangible assets on the firm value” Productivity Review, 2014.

K Cho, W Choi, E Lee, K Jung, “ Accounting treatment of prepaid points under K-IFRS” Korean Accounting Journal, 2013.

K Cho, H Park, “Introduction of unification tax and distortional taxation” Korean Journal of Taxation Research, 2013.

K Cho, Y Kim, J Kim, “Real option valuation of corporate R&D investment considering strategic flexibility” Journal of strategic management, 2013.

K Cho, H Kim, D Yang, “Reliability of revaluation information on tangible assets: an empirical study on the effect of amendment to accounting standards No. 5” Korean Accounting Journal, 2012.

Coau, Korean Accounting Review, "Relevance of Fair Value Accounting: Property, Plant and Equipment-revaluation model", Mar, 2012

Coau, The Journal of Business Education, "The effects of financial accounting's lecture on student evaluation and Attitudes" Feb, 2011

Coau, Korean Accounting Review, "The impact of the agency cost on accounting conservatism", Sep, 2011

Coau, Business Education "Estimating the asset price after 9.11 Terrorist Attacks: The case study of South West Airline, Feb, 2010

Coau, Accounting & Auditing Research, "A revisit to the fair valuation of tangible assets in Korea" Jun, 2010


§ Research Award:

Prize for the Best Paper, awarded at the Korean Academic Society of Business Administration Annual Meeting (2009)

동국대 학사(회계), Seoul, Korea, 2003

루이지애나공대 회계석사, USA, 2006

재무회계 (Financial Accounting)

동국대학교 다르마칼리지 교양외국어센터장(2023. 4. 1.~)
동국대학교 회계학과, 교수(2022-현재), 부교수, 2020-2022
Woodbury University, 학과장, 부교수, 2019-2020
Ajou University, Assistant/Associate Professor, 2014-2019
University of Michigan-Dearborn, Assistant Professor, 2011-2014

• The Dynamics Information Technology and Systematic Risk, M. Wimble, Y. Ro, Cheong Kyu Park, Journal of Computer Information Systems, Forthcoming
• Financial Reporting Conservatism and Voluntary CSR Disclosure, S. Cho, P. Kang, C. Lee, and Cheong Kyu Park Accounting Horizons, 2020

고려대학교 경영학과

서울대학교 회계학

관리회계, 원가회계

Published Academic Papers (International Journals)

“Social performance incentives in mission-driven firms” (with Jae Yong Shin). Management Science (forthcoming). https://doi.org/10.1287/mnsc.2021.4232

“Why do firms utilize the flexibility allowed in CEO-employee pay ratio disclosure? Evidence from Dodd-Frank Act Section 953 (b)” (with Natalie Kim, Han Seong Ryu, and Jae Yong Shin), 2021. Accounting Horizons, 35(2), 83-106.

“Participatory budgeting and government efficiency: Evidence from municipal governments in South Korea.” International Review of Administrative Sciences (forthcoming). https://doi.org/10.1177/0020852321991208

“Determinants of gender budgeting practices: Evidence from municipal governments in South Korea.” Public Performance & Management Review (forthcoming). https://doi.org/10.1080/15309576.2022.2051113

Paper Presentation at International Conferences
• Invited Talk at OECD Fiscal Network Workshop on Participatory Budgeting, Virtual, April 2022
• 2022 American Accounting Association Management Accounting Section Midyear Meeting, Virtual, January 2022
• 2021 American Accounting Association Annual Meeting, Virtual, August 2021
• 2021 American Accounting Association Management Accounting Section Midyear Meeting, Virtual, January 2021
• 2020 American Accounting Association Annual Meeting, Virtual, August 2020
• 2019 American Accounting Association Annual Meeting in San Francisco, CA, August 2019

Honors and Awards
• American Accounting Association/Deloitte Foundation/J. Michael Cook Doctoral Consortium Fellow, 2020
• 한국연구재단 글로벌박사 펠로우십, 2019-2021
• SK사회적가치연구공모전 대상, 2019

BBA: Dongguk University, Seoul

MBA: The University of Texas at Dallas, Texas, U.S.A
MBA: Dongguk University, Seoul

회계원리, 재무회계

동국대학교 회계학과 조교수(2025.3-현재)
경북대학교 경상대학 경영학부 조교수(2024.9-2025.2)
고려대학교 기업경영연구원(2023.3-2024.8)

-Accounting executives and readability of 10-K reports. Kim, J. T., Lee, S. J., & Sunwoo, H. Y. Applied Economics (2024)
-국내 기업의 지속가능경영보고서 및 제 3 자검증 공시 현황: 기업 사례를 중심으로. 이승재, & 심재연. 경영학연구 (2024)
-Efficient access to qualitative data: a case of MD&A analysis from 10-K with Python via SEC’s API. Lee, J. H., & Lee, S. J. Applied Economics Letters(2023)
-가상화폐 회계처리 현황 및 시사점. 심재연, & 이승재. 회계저널 (2022)
-사업보고서 가독성과 경영자 잠정실적공시 간의 관계. 김현정, & 이승재. 회계저널 (2022)
-경영자 능력이 세무위험에 미치는 효과. 이승재. 세무와회계저널 (2022)
-외부감사인과 지배기구간 커뮤니케이션이 횡령 및 배임의 적발에 미치는 영향. 이승재, 김현정, & 최우석. 회계ㆍ세무와 감사 연구 (2021)