Empirical Study on the Usefulness of Consolidated Accounting Information
| Project/Area Number |
14530176
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Accounting
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| Research Institution | Kyoto Sangyo University |
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Principal Investigator |
YAMAJI Noriaki Kyoto Sangyo University, Faculty of Business Administration, Professor, 経営学部, 教授 (50230438)
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| Project Period (FY) |
2002 – 2003
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| Project Status |
Completed (Fiscal Year 2003)
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| Budget Amount *help |
¥1,800,000 (Direct Cost: ¥1,800,000)
Fiscal Year 2003: ¥700,000 (Direct Cost: ¥700,000)
Fiscal Year 2002: ¥1,100,000 (Direct Cost: ¥1,100,000)
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| Keywords | consolidated accounting information / unconsolidated accounting information / value relevance / parent company concept / economic unit concept / return model / price model / 企業価値 / 関連性 / 回帰分析 |
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| Research Abstract |
The primary purpose of this study is to evaluate the value-relevance of consolidated versus unconsolidated accounting information in Japan. The sample considers non-financial companies that are listed in Tokyo Stock Exchange during the period 1990 to 1998. This study employs the accounting-based valuation model by Ohlson (1995) and the return model by Easton and Harris (1991). The results of this study suggest that consolidated information is more value-relevant than unconsolidated information after 1996. Moreover, the results show that the explanatory power under the parent company concept is not significantly different from that of the economic unit concept.
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Report
(3 results)
Research Products
(3 results)
