| Project/Area Number |
16K17212
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Accounting
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| Research Institution | Meiji University |
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Principal Investigator |
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| Project Period (FY) |
2016-04-01 – 2018-03-31
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| Project Status |
Completed (Fiscal Year 2017)
|
| Budget Amount *help |
¥2,860,000 (Direct Cost: ¥2,200,000、Indirect Cost: ¥660,000)
Fiscal Year 2017: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2016: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
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| Keywords | 会計学 / 資本コスト / 利益マネジメント / 利益調整 / 企業価値評価 / 裁量的会計行動 / 報告利益管理 |
|---|
| Outline of Final Research Achievements |
The purpose of this research is to comprehensively analyze earnings management with the cost of capital as a benchmark. In general, companies that earn returns that exceed the cost of capital are expected to improve corporate value. Therefore, in this research, we predict that management would plus the spread which subtracted capital cost from return by earnings management.
As a result of the analysis, we confirmed irregular distortion shape near the zero of the histogram. That is, the frequency of the section exceeding zero is much larger than the frequency of the section below zero. This research provides evidence suggesting that management have achieved benchmark of cost of capital by earnings management.
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