• Search Research Projects
  • Search Researchers
  • How to Use
  1. Back to previous page

THE SYSTEMATIC STUDY OF COMPREHENSIVE INCOME : THEORETICAL ANALYSIS AND EMPIRICAL ANALYSIS

Research Project

Project/Area Number 14330042
Research Category

Grant-in-Aid for Scientific Research (B)

Allocation TypeSingle-year Grants
Section一般
Research Field Accounting
Research InstitutionMUSASHI UNIVERSITY

Principal Investigator

MAEDA Sadayoshi  MUSASHI UNIVERSITY, FACULTY OF ECONOMICS, PROFESSOR, 経済学部, 教授 (80061414)

Co-Investigator(Kenkyū-buntansha) KUBOTA Keiichi  MUSASHI UNIVERSITY, FACULTY OF ECONOMICS, PROFESSOR, 経済学部, 教授 (00120858)
OHTA Koji  MUSASHI UNIVERSITY, FACULTY OF ECONOMICS, ASSOCIATE PROFESSOR, 経済学部, 助教授 (70366839)
YOKOTA Eri  KEIO UNIVERSITY, DEPARTMENT OF COMMERCE, PROFESSOR, 商学部, 教授 (20277700)
TSUJIYAMA Eiko  WASEDA UNIVERSITY, DEPARTMENT OF COMMERCE, PROFESSOR, 商学部, 教授 (50114020)
TAKEHARA Hitoshi  UNIVERSITY OF TSUKUBA, GRADUATE SCHOOL OF SYSTEMS AND INFORMATION ENGINEERING, ASSOCIATE PROFESSOR, 大学院・システム情報工学研究科, 助教授 (70261782)
須田 一幸  神戸大学, 経済経営研究所, 教授 (00171273)
Project Period (FY) 2002 – 2004
Project Status Completed (Fiscal Year 2004)
Budget Amount *help
¥13,000,000 (Direct Cost: ¥13,000,000)
Fiscal Year 2004: ¥3,500,000 (Direct Cost: ¥3,500,000)
Fiscal Year 2003: ¥3,200,000 (Direct Cost: ¥3,200,000)
Fiscal Year 2002: ¥6,300,000 (Direct Cost: ¥6,300,000)
KeywordsOther comprehensive income / SEC disclosure standards / Market inefficiency / Asset-liabilities view / International Accounting Standards / Deferred taxes / the Cost of capital / Accruals / 資産負債中心観 / 市場効率性 / accounting accruals / アナリスト利益予測 / キャッシュフロー / 包括利益 / 確定決算主義 / シグナル均衡 / 企業資本コスト / 私的情報 / 経営者の意識調査 / accrual / ROE / Jonesモデル / EBOモデル / 自己資本コスト / シグナリング均衡 / 実験経済学
Research Abstract

From the theoretical point of view we have analyzed the problem from three viewpoints : accounting standards, performance measurement, and tax accounting. We have shown that the recycling is imperative to the sound income measurement, managers' good performance measurement, and the correct measurement of asset and liabilities fair value with deferred tax accounts. From the empirical point of view, we have conducted the extensive questionnaire studies among Japanese chief accounting officers and find that they think the net income reporting is important both for disclosure purposes and performance measurement purposes, even after the comprehensive income and other comprehensive income items are going to be required to be reported. Also, using the sample of Japanese firms who disclose their financial statements based on 10-K format, we have shown the other comprehensive items have additional information content With regard to the general market inefficiency questions, we have also extensively tested the information content of accounting accruals and find that the market initially overreact to the accounting reports and then gradually the stock price gets readjusted and fully incorporates the implications of earnings management behavior. The evidence is important in the sense that, in setting the sound accounting standards in the U.S.A. as well as in other countries, it is assumed that the financial assets are fairly priced. Thus the measurement of the changes in value in real assets is more controversial if reflecting the fair price information in the stock price is the imperative function that the accounting reports have to fulfill.

Report

(4 results)
  • 2004 Annual Research Report   Final Research Report Summary
  • 2003 Annual Research Report
  • 2002 Annual Research Report
  • Research Products

    (33 results)

All 2005 2004 2003 Other

All Journal Article (17 results) Book (3 results) Publications (13 results)

  • [Journal Article] 包括利益に関する我が国企業の意識調査2005

    • Author(s)
      包括利益の総合分析研究グループ
    • Journal Title

      武蔵大学論集 52巻・3号

      Pages: 141-156

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] 包括利益に関する我が国企業の意識調査2005

    • Author(s)
      包括利益の総合分析研究グループ
    • Journal Title

      証券アナリストジャーナル 5月号

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] The questionnaire Responses fro Japanese Firms on the Usefulness of Other Comprehensive Income Reporting : I2005

    • Author(s)
      Study Group of Queries on the Comprehensive Income Reporting
    • Journal Title

      Musashi Daigaku Ronshu 52, 3/4

      Pages: 141-156

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] The questionnaire Responses fro Japanese Firms on the Usefulness of Other Comprehensive Income Reporting2005

    • Author(s)
      Study Group of Queries on the Comprehensive Income Reporting
    • Journal Title

      Financial Analyst Journal (Forthcoming)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] 包括利益に関する我が国企業の意識調査2005

    • Author(s)
      包括利益の総合分析研究グループ
    • Journal Title

      武蔵大学論集 52巻3・4号

      Pages: 141-156

    • Related Report
      2004 Annual Research Report
  • [Journal Article] 資本市場のグローバル化と会計基準の国際化をめぐって2004

    • Author(s)
      辻山栄子
    • Journal Title

      JAA会計プログレス 5号

      Pages: 1-35

    • NAID

      130008083162

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2004 Annual Research Report 2004 Final Research Report Summary
  • [Journal Article] 債務保証損失引当金と債務保証引当金2004

    • Author(s)
      松本敏史
    • Journal Title

      同志社商学 56巻2.3.4号

      Pages: 242-261

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] 国際会計基準の争点-2つの利益概念をめぐる意見対立2004

    • Author(s)
      辻山栄子
    • Journal Title

      商学研究科紀要 59巻

      Pages: 1-14

    • NAID

      110004728072

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] On the Globalization of Capital Markets and Internationalization of the Accounting Standards2004

    • Author(s)
      Eiko Tsujiyama
    • Journal Title

      JAA Kaikei Progress Vol.51-35

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] On the Reserve Account of Future Liable Guarantees2004

    • Author(s)
      Toshifumi Matsumoto
    • Journal Title

      Doshisha Shogaku 56, 2/3

      Pages: 242-261

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] Controversies in the International Accounting Standards : Two Different Concepts of Income2004

    • Author(s)
      Eiko Tsujiyama
    • Journal Title

      Shogaku-kenkyuka-kiyo 59

      Pages: 1-14

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] Information Based Trade, PIN Variable, and the Portfolio Style Differences : Evidence from Tokyo Stock Exchange Firms2004

    • Author(s)
      久保田敬一, 竹原均
    • Journal Title

      日本ファイナンス学会プロシーディングス 12号

      Pages: 144-160

    • Related Report
      2004 Annual Research Report
  • [Journal Article] 倒産企業の会計操作 (三)-経営者による利益予想の分析2004

    • Author(s)
      須田一幸, 太田浩司
    • Journal Title

      会計 165巻・6号

      Pages: 121-134

    • Related Report
      2004 Annual Research Report
  • [Journal Article] 残余利益に基づく財務比率分析2004

    • Author(s)
      太田浩司
    • Journal Title

      証券アナリストジャーナル 48巻・4号

      Pages: 23-34

    • Related Report
      2004 Annual Research Report
  • [Journal Article] Industry and Sector Equity Premium under Economic Dynamics : Evidence from Tokyo Stock Exchange Firms2004

    • Author(s)
      久保田敬一, 竹原均
    • Journal Title

      Musashi University Discussion Journal 37号

      Pages: 1-40

    • Related Report
      2004 Annual Research Report
  • [Journal Article] Financial Sector Risk and the Stock Returns : Evidence from Tokyo Stock Exchange Firms2003

    • Author(s)
      久保田敬一, 竹原均
    • Journal Title

      Asia-Pacific Financial Markets Vol.10, No.1

      Pages: 1-28

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] Financial Sector Risk and the Stock Returns : Evidence from Tokyo Stock Exchange Firms2003

    • Author(s)
      Keiichi Kubota, Hitoshi Takehara
    • Journal Title

      Asia-Pacific Financial Markets 10, 1

      Pages: 1-28

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Book] 会計制度改革の実証分析2004

    • Author(s)
      須田一幸
    • Total Pages
      281
    • Publisher
      森山書店
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Book] Empirical Analysis of Accounting Institutions and Revolution2004

    • Author(s)
      Kazuyuki Suda
    • Total Pages
      281
    • Publisher
      Moriyama Shoten
    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Book] ディスクロージャーの戦略と効果2004

    • Author(s)
      須田一幸(編著), 太田浩司(共著)
    • Total Pages
      217
    • Publisher
      同文館出版
    • Related Report
      2004 Annual Research Report
  • [Publications] 久保田敬一, 須田一幸, 竹原均: "Components of Accounting Accruals and Stock Returns"日本ファイナンス学会プロシーディングス. 11巻. 392-405 (2003)

    • Related Report
      2003 Annual Research Report
  • [Publications] 久保田敬一, 須田一幸, 竹原均: "Stock Returns, Earnings Variability, and Accounting Accruals"Southwestern Finance Association Proceedings. (CDROM). (2004)

    • Related Report
      2003 Annual Research Report
  • [Publications] 久保田敬一, 竹原均: "Return on Equity, the Cost of Capital, and Income Taxation : Evidence from Japanese Industries"International Institute of Public Finance Proceedings. 59巻(CDROM). (2003)

    • Related Report
      2003 Annual Research Report
  • [Publications] 須田一幸: "ファイナンス論と会計利益"企業会計. 55・9. 32-42 (2003)

    • Related Report
      2003 Annual Research Report
  • [Publications] 辻山栄子: "会計情報の機能と業績報告-発生主義会計の含意と実証研究-"早稲田商学. 398号. 251-272 (2003)

    • Related Report
      2003 Annual Research Report
  • [Publications] 横田絵理: "成果と創造的行動を誘導する経営システム"会計. 164・5. 43-58 (2003)

    • Related Report
      2003 Annual Research Report
  • [Publications] 須田一幸(桜井久勝氏と共著): "財務会計・入門"有斐閣. 274 (2003)

    • Related Report
      2003 Annual Research Report
  • [Publications] Kubota, K., K.Suda, H.Takehara: "Common Factor vs. Mispricing Factor of Tokyo Stoch Exchange Firms"European Finance Association Discussion Journal. Vol.1. 1-40 (2002)

    • Related Report
      2002 Annual Research Report
  • [Publications] 須田一幸: "会計情報の質の決定要因"企業会計. 55・1. (2003)

    • Related Report
      2002 Annual Research Report
  • [Publications] Kubota, K., H.Takahara: "Return on Equity, Cost of Capital, and Income Taxation"Musashi University Working Paper Series. No.6. 1-44 (2003)

    • Related Report
      2002 Annual Research Report
  • [Publications] 須田一幸他: "ディスクロージャーの戦略と効果"会計. 162・1-6. (2002)

    • Related Report
      2002 Annual Research Report
  • [Publications] Kubota, K., T.Tokunaga, K.Wada: "Asset Returns and Consumption Behavior of Japanese Household"Musashi University Discussion Paper Series. No.33. 1-30 (2003)

    • Related Report
      2002 Annual Research Report
  • [Publications] 久保田敬一: "資本市場理論と資産評価"経営財務研究. 22.2. 82-92 (2002)

    • Related Report
      2002 Annual Research Report

URL: 

Published: 2002-04-01   Modified: 2016-04-21  

Information User Guide FAQ News Terms of Use Attribution of KAKENHI

Powered by NII kakenhi