| Budget Amount *help |
¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
Fiscal Year 2018: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2017: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2016: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Outline of Final Research Achievements |
The purpose of this study is to investigate the relationship between earnings quality and managerial risk taking behaviors. In particular, first, we find that while there is no relationship between accounting quality and investment efficiency in Japan before 2001, the positive impact of accounting quality on investment efficiency after 2001 exists. We also find that this positive impact after 2001 is concentrated in firms with lower bank financing and firms with lower cross-shareholdings. Second, we find that the demand for accounting conservatism is greater for firms with high compensation-earnings coefficients.
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