| Project/Area Number |
15K17154
|
|---|
| Research Category |
Grant-in-Aid for Young Scientists (B)
|
| Allocation Type | Multi-year Fund |
|---|
| Research Field |
Accounting
|
|---|
| Research Institution | Otaru University of Commerce |
|---|
Principal Investigator |
|
|---|
| Project Period (FY) |
2015-04-01 – 2017-03-31
|
| Project Status |
Completed (Fiscal Year 2016)
|
| Budget Amount *help |
¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Fiscal Year 2016: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2015: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
|
|---|
| Keywords | 財務会計 / 報告利益管理 / 利益平準化 / 配当政策 / 実証研究 / 実証分析 |
|---|
| Outline of Final Research Achievements |
This Analysis examines the earnings-management affected by dividend policy. The literature of earnings management for meeting thresholds documents that managers have incentives to meet three thresholds: report positive profits, sustain recent performance, and meet earnings forecasts. I find evidence indicating the forth incentive. It is to avoid dividend cuts. The results in this paper suggests that managers have a great incentive to avoid dividend cuts, and that the distributable amount which provided by the Companies Act is possibly manipulated by managers.
|
