Title: An empirical research on enterprise trust after the economic crisis in Korea: accounting systems

Authors: Mi Sook Lee, Hong Bok Ahn

Addresses: Graduate School of Business Administration, Kyungpook National University, Daegu 1370, Korea. ' School of Accounting, Keimyung University, Daegu 2800, Korea

Abstract: This study reports the results of a survey of the Korean public|s attitude towards and recognition of accounting information after the economic crisis. This study also demonstrates that the majority of Koreans do not trust the Korean political, economic, social, cultural and business environment, and Koreans blame companies for the current Korean accounting fraud and misconduct. Koreans have a negative attitude towards the internal accounting environment, including accounting systems, standards and purposes. The result of this study indicates the establishment and enforcement of accounting ethics and philosophy would be one solution to this dilemma and the right direction for Korean accounting reform.

Keywords: business enterprises; trust; economic crises; accounting systems; South Korea; public attitudes; accounting information; political environment; politics; economic environment; social environment; cultural environment; business environment; blame; company behaviour; fraud; misconduct; negative attitudes; internal accounting; ethical standards; ethics; philosophy; reforms; economics; business research.

DOI: 10.1504/IJEBR.2011.037435

International Journal of Economics and Business Research, 2011 Vol.3 No.1, pp.93 - 102

Published online: 18 Apr 2015 *

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