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Effects of Investment Information Disclosure in Multiple markets

Research Project

Project/Area Number 17K04078
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Accounting
Research InstitutionSetsunan University

Principal Investigator

Oh Joonghwa  摂南大学, 経営学部, 准教授 (10705891)

Co-Investigator(Kenkyū-buntansha) 石椛 義和  神戸市外国語大学, 外国語学部, 准教授 (20553142)
Project Period (FY) 2017-04-01 – 2020-03-31
Project Status Completed (Fiscal Year 2019)
Budget Amount *help
¥3,510,000 (Direct Cost: ¥2,700,000、Indirect Cost: ¥810,000)
Fiscal Year 2019: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2018: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2017: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
KeywordsDisclosure / Cost-reducing Investment / Multiple markets / market competition / Compensation Contracts / Vertical industry / R&D investment / vertical industry / compensation contracts / multi-market / Investment information / Cournot competition / disclosure / oligopoly / multimarkets / investment information / compensation contract / multimarket
Outline of Final Research Achievements

We investigated the effects of investment information disclosure on firms’ decision and social welfare in a single Cournot competition, a vertically related industry, and multiple markets, respectively. We reported our results in two academic conferences and wrote 4 papers. All papers were submitted to international academic journals, and two papers are under peer review. We will resubmit rejected papers in 2020 after revised.

Academic Significance and Societal Importance of the Research Achievements

本研究では,3つの製品市場(①単一の製品市場,②川上企業が存在する垂直市場,③複数の製品市場)を想定したうえで,既存研究が考慮してこなかった3つの要因(報酬契約といったガバナンス情報,川下企業の開示戦略,市場間開示環境)を考慮し,情報開示の影響について分析した。特に,情報を開示することが企業利得や社会厚生を阻害する状況について明らかにすることで,開示規制の有用性について重要な情報を提供した。

Report

(4 results)
  • 2019 Annual Research Report   Final Research Report ( PDF )
  • 2018 Research-status Report
  • 2017 Research-status Report
  • Research Products

    (2 results)

All 2020 2018

All Presentation (2 results) (of which Int'l Joint Research: 1 results)

  • [Presentation] Disclosure of Investment Information in multiple markets2020

    • Author(s)
      呉重和
    • Organizer
      Hawaii Accounting Research Conference 2020
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Disclosure of Information in Vertically related industries2018

    • Author(s)
      呉重和
    • Organizer
      日本会計研究学会
    • Related Report
      2018 Research-status Report

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Published: 2017-04-28   Modified: 2021-02-19  

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