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The Impact of Governance Reform on Financial Reporting Quality

Research Project

Project/Area Number 16K03997
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Accounting
Research InstitutionKanazawa Gakuin University (2018)
Chiba University of Commerce (2016-2017)

Principal Investigator

Nakashima Masumi  金沢学院大学, 経営情報学部, 教授 (90249219)

Research Collaborator Ziebart David A.  
Project Period (FY) 2016-04-01 – 2019-03-31
Project Status Completed (Fiscal Year 2018)
Budget Amount *help
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2018: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2017: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2016: ¥2,340,000 (Direct Cost: ¥1,800,000、Indirect Cost: ¥540,000)
Keywords利益の質 / 会計不正 / ガバナンス / 内部統制 / 経営者 / 裁量行動 / 不正のトライアングル / MD&A情報 / 読解性 / 経営者の裁量行動 / 会計的裁量行動 / 実証分析 / サーベイ調査 / 不正トライアングル / 社外取締役 / 独立性 / コーポレート・ガバナンス / 財務報告の質 / 独立取締役 / 監査委員会
Outline of Final Research Achievements

This study investigated the types of firms that disclosed fraudulent accounting (fraud firms) and examined whether the fraud firms had common innate characteristics by comparing fraud and non-fraud firms.The finding is the following: the results of t-test show that there is a difference in a firm’s performance and business complexity, and the percentage of outside directors and that there is a significant positive association between accounting fraud and the percentage of outside directors. Also, this study implemented a survey of CFOs in the public firms in Japan concerning higher quality earnings and the determinants of earnings quality. Japanese CFOs indicate that 30% of earnings quality is impacted by firm characteristics such as firm’s business model, industry, macro-economic conditions.

Academic Significance and Societal Importance of the Research Achievements

本サーベイ調査を実施することによって内部統制システムやガバナンスの実態を掴み、経営者がガバナンスや内部統制にどのような考えを有しているかを引き出すことができた。また、本研究は、不正のダイアモンド理論に依拠して不正の種類を分類し、日本における不正企業の特性を明らかにするとともに、不正企業のガバナンス構造の特徴を解明することができた。また、Dichev et al. (2013)と同様の質問票に対する経営者の回答結果から日米両経営者の考え方の差異を見出し、利益の質に関するアーカイバル研究結果がなぜ日米で整合しなかったのかについて重要な手がかりが掴むことができた。

Report

(4 results)
  • 2018 Annual Research Report   Final Research Report ( PDF )
  • 2017 Research-status Report
  • 2016 Research-status Report
  • Research Products

    (29 results)

All 2019 2018 2017 2016

All Journal Article (4 results) (of which Int'l Joint Research: 2 results,  Peer Reviewed: 2 results,  Open Access: 3 results) Presentation (21 results) (of which Int'l Joint Research: 15 results,  Invited: 2 results) Book (1 results) Funded Workshop (3 results)

  • [Journal Article] ToshibaCorporation;How Could So Much Be Wrong?2018

    • Author(s)
      Susan Hass, Priscilla Burnaby, and Masumi Nakashima
    • Journal Title

      Journal of Investigative and Forensic Accounting

      Volume: 10-2 Pages: 267-273

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] 不正のない社会へ2018

    • Author(s)
      中島真澄
    • Journal Title

      北國Today

      Volume: 93 Pages: 38-39

    • Related Report
      2018 Annual Research Report
  • [Journal Article] Why Should the Forensic Accounting Be Needed in Japan?: Toward ad No Accounting Fraud Community2018

    • Author(s)
      Masumi Nakashima
    • Journal Title

      Meiji Business Review

      Volume: 65 Pages: 129-146

    • Related Report
      2017 Research-status Report
    • Open Access
  • [Journal Article] Tone at the Top and Shifts in Earnings Management: Evidence from Japan2016

    • Author(s)
      Masumi Nakashima and David A.Ziebart
    • Journal Title

      the International Journal of Forensic and Investigative Accounting

      Volume: 8(2), Special Issue Pages: 288-324

    • Related Report
      2016 Research-status Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Presentation] Survey Research on Earnings Quality: Evidence from Japan2019

    • Author(s)
      Masumi Nakashima
    • Organizer
      2019 Forensic Accounting Research Conference (St.Louis, MO)
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Fraud Prediction Using MD&A Information: Evidence from Japan2019

    • Author(s)
      Masumi Nakashima, Yoshitaka Hirose, and Hirohisa Hirai
    • Organizer
      2019 Forensic Accounting Research Conference (St.Louis, MO)
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] 「法廷会計学の創成 -会計不正理論と実務教育との融合-」2018

    • Author(s)
      中島真澄・上野雄史・麻生 幸・中村元彦・榎本芳人
    • Organizer
      第17回日本ディスクロージャー研究学会(横浜市立大学)
    • Related Report
      2018 Annual Research Report
  • [Presentation] Is There a Possibility to Predict Fraud Using MD&A? : Evidence from Japan2018

    • Author(s)
      中島真澄・平井裕久・廣瀬喜貴
    • Organizer
      日本経営分析学会第35回年次大会(東洋大学)
    • Related Report
      2018 Annual Research Report
  • [Presentation] Survey Research on Earnings Quality: Evidence from Japan2018

    • Author(s)
      Masumi Nakashima
    • Organizer
      2018 Annual Meeting American Accounting Association, 23ed Ethics Symposium (Washington, D.C)
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Survey Research on Earnings Quality: Evidence from Japan2018

    • Author(s)
      Masumi Nakashima
    • Organizer
      APMAA(Asia-Pacific management Accounting Association) 2018 14th Annual Conference in Tokyo
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Is There a Possibility to Predict Fraud Using MD&A? : Evidence from Japan2018

    • Author(s)
      Masumi Nakashima, Yoshitaka Hirose, and Hirohisa Hirai
    • Organizer
      The 13th World Congress of Accounting Educators and Researchers (IAAER) (Sydney, Australia)
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Can The Fraud Triangle Predict Accounting Fraud?:Evidence from Japan2018

    • Author(s)
      Masumi Nakashima
    • Organizer
      The 8th International Conference of the Accounting Review (TJAR)(Kobe University)
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Can The Fraud Triangle Predict Accounting Fraud?:Evidence from Japan2018

    • Author(s)
      Masumi Nakashima
    • Organizer
      2018 Forensic Accounting Research Conference of American Accounting Assocation (Dallas, Texas)
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Why Should the Forensic Accounting Be Needed in Japan?: Toward ad No Accounting Fraud Community2018

    • Author(s)
      Masumi Nakashima
    • Organizer
      2018 Forensic Accounting Research Conference of American Accounting Assocation (Dallas, Texas)
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Can The Fraud Triangle Predict Accounting Fraud?:Evidence from Japan2017

    • Author(s)
      Masumi Nakashima
    • Organizer
      日本ディスクロージャー研究学会第15回大会(東北大学)
    • Related Report
      2017 Research-status Report
  • [Presentation] Can The Fraud Triangle Predict Accounting Fraud?:Evidence from Japan2017

    • Author(s)
      Masumi Nakashima
    • Organizer
      International Conference on Innovation in Business Strategy 2017ICIBS (Bali, Indonesia)
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Can The Fraud Triangle Predict Accounting Fraud?:Evidence from Japan2017

    • Author(s)
      Masumi Nakashima
    • Organizer
      The 13th Asia-Pacific Management Accounting Association (APMAA2017) Conference
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Why Should the Forensic Accounting Be Needed in Japan?: Toward ad No Accounting Fraud Community2017

    • Author(s)
      Masumi Nakashima
    • Organizer
      日本経営分析学会秋季大会関東研究部会(明治大学)
    • Related Report
      2017 Research-status Report
  • [Presentation] Is the Structure of the Board of Directors Associated with Accounting Fraud? Evidence from Japan2017

    • Author(s)
      Masumi Nakashima
    • Organizer
      The 7th International Conference of the Accounting Review (Kobe University)
    • Place of Presentation
      神戸大学
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Presentation] 2017 Is the Structure of the Board of Directors Associated with Accounting Fraud? Evidence from Japan2017

    • Author(s)
      Masumi Nakashima
    • Organizer
      2017 Forensic Accounting Research Conference
    • Place of Presentation
      Orlando, Florida, U.S.
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Presentation] Does Corporate Governance Mechanism Restrain Accounting Fraud?2016

    • Author(s)
      Masumi Nakashima
    • Organizer
      第75回日本会計研究学会国際セッション
    • Place of Presentation
      静岡市、静岡・グランシップ
    • Related Report
      2016 Research-status Report
  • [Presentation] 「取締役会の独立性は会計不正を予防可能か」2016

    • Author(s)
      中島真澄
    • Organizer
      証券経済学会創立50周年記念大会(第85回)テーマセッション③証券市場から見た企業会計問題
    • Place of Presentation
      明治大学
    • Related Report
      2016 Research-status Report
    • Invited
  • [Presentation] Is the Structure of the Board of Directors Associated with Accounting Fraud? Evidence from Japan2016

    • Author(s)
      Masumi Nakashima
    • Organizer
      The 12th Asia-Pacific Management Accounting Association (APMAA2016) Conference
    • Place of Presentation
      Taipei, Taiwan
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Presentation] Is the Structure of the Board of Directors Associated with Accounting Fraud? Evidence from Japan2016

    • Author(s)
      Masumi Nakashima
    • Organizer
      International Conference on Innovation in Business Strategy 2016 ICIBS2016 Concurrent Session
    • Place of Presentation
      Kuala Lumpur, Malaysia
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Presentation] Pursuing Quality Earnings: Evidence from Japan2016

    • Author(s)
      Masumi Nakashima
    • Organizer
      International Conference on Innovation in Business Strategy 2016 ICIBS2016, Plenary Session
    • Place of Presentation
      Kuala Lumpur, Malaysia
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research / Invited
  • [Book] Global, Innovative and Environmental Management2017

    • Author(s)
      Masumi Nakashima, David A. Ziebart
    • Publisher
      MaruzenPlanet
    • Related Report
      2016 Research-status Report
  • [Funded Workshop] 日本経営分析学会 Dr.Dennies Huber 特別講演会2018

    • Related Report
      2018 Annual Research Report
  • [Funded Workshop] 法政大学ワークショップ「What’s ‘Forensic Accounting’?」2018

    • Related Report
      2018 Annual Research Report
  • [Funded Workshop] 明治大学 特別講義  ‘Forensic Accounting’2018

    • Related Report
      2018 Annual Research Report

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Published: 2016-04-21   Modified: 2020-03-30  

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