• Search Research Projects
  • Search Researchers
  • How to Use
  1. Back to previous page

A Study of the Effect of Foreign Investors on the Quality of Accounting Information

Research Project

Project/Area Number 18K01906
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Review Section Basic Section 07100:Accounting-related
Research InstitutionTohoku University

Principal Investigator

Kimura Fumihiko  東北大学, 経済学研究科, 教授 (10329691)

Co-Investigator(Kenkyū-buntansha) 榎本 正博  神戸大学, 社会システムイノベーションセンター, 教授 (70313921)
山口 朋泰  中央大学, 商学部, 教授 (50613626)
Project Period (FY) 2018-04-01 – 2023-03-31
Project Status Completed (Fiscal Year 2022)
Budget Amount *help
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2020: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2019: ¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000)
Fiscal Year 2018: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Keywords外国人投資家 / 会計情報の質 / 利益マネジメント / 会計発生高 / 大株主 / 国際比較 / 利益の質 / コーポレートガバナンス / 会計上の保守主義 / 不動産投資信託
Outline of Final Research Achievements

In a situation where accounting information plays a role of contract support between a firm and its stakeholders, the attributes of stakeholders are expected to affect the quality of accounting information. In this paper, we focus on shareholders as stakeholders and attempt to examine their influence on the quality of accounting information. The results of the analysis for Japanese firms indicate that the quality of accounting information tends to be high when the influence of financial institutions is strong, while the quality of accounting information tends to be low when the influence of foreign investors is strong. While the monitoring by financial institutions can be interpreted as a factor that improves the quality of accounting information, the short-term orientation of foreign investors can be interpreted as a factor that leads to profit management by managers, which in turn reduces the quality of accounting information.

Academic Significance and Societal Importance of the Research Achievements

本研究は財務報告の利害調整機能の解明に取り組んだ研究と位置づけられる.財務報告の利害調整機能は討議資料『財務会計の概念フレームワーク』において副次的な目的と位置づけられているが,情報提供機能ほど研究が進んでいるとは言い難い.本研究では日本企業における利益マネジメントの長期的な傾向とその影響要因を検証することで,財務報告の利害調整機能の実態の一端を解明しており,そこに学術的意義があると考える.
さらに,本稿の議論や知見は,最適なコーポレートガバナンスの探求,財務諸表を用いた企業分析への応用,会計基準の設定に際し参照される余地を有しており,そうした点で社会的意義を有するといえる.

Report

(6 results)
  • 2022 Annual Research Report   Final Research Report ( PDF )
  • 2021 Research-status Report
  • 2020 Research-status Report
  • 2019 Research-status Report
  • 2018 Research-status Report
  • Research Products

    (15 results)

All 2023 2022 2021 2020 2019 2018

All Journal Article (12 results) (of which Open Access: 4 results,  Peer Reviewed: 3 results) Presentation (3 results) (of which Int'l Joint Research: 1 results,  Invited: 2 results)

  • [Journal Article] 会計情報の質に対する影響要因の多様性と変化2023

    • Author(s)
      木村史彦
    • Journal Title

      會計

      Volume: 203 Pages: 15-26

    • Related Report
      2022 Annual Research Report
  • [Journal Article] 財務情報を用いた実体的裁量行動の把握2022

    • Author(s)
      山口朋泰
    • Journal Title

      企業会計

      Volume: 74 Pages: 38-44

    • Related Report
      2022 Annual Research Report
  • [Journal Article] グループ・ガバナンスと利益マネジメントに関する予備的研究 -純粋持株会社における利益マネジメントに注目して-2021

    • Author(s)
      木村史彦
    • Journal Title

      産業経理

      Volume: 81 Pages: 63-74

    • NAID

      40022660734

    • Related Report
      2021 Research-status Report
  • [Journal Article] 日本版不動産投資信託における資金調達と利益マネジメント2021

    • Author(s)
      木村史彦
    • Journal Title

      信託研究奨励金論集

      Volume: 42 Pages: 113-127

    • NAID

      40022772392

    • Related Report
      2021 Research-status Report
  • [Journal Article] Cross-Country Research on Earnings Quality: A Literature Review and Future Opportunities2020

    • Author(s)
      Enomoto Masahiro
    • Journal Title

      The Japanese Accounting Review

      Volume: 10 Issue: 1 Pages: 1-26

    • DOI

      10.11640/tjar.10.2020.01

    • NAID

      130007967826

    • ISSN
      2185-4785, 2185-4793
    • Year and Date
      2020-12-28
    • Related Report
      2020 Research-status Report
    • Open Access
  • [Journal Article] Earnings Management in J-REIT2020

    • Author(s)
      木村史彦
    • Journal Title

      The Journal of Management Accounting, Japan

      Volume: 28 Issue: 1 Pages: 97-115

    • DOI

      10.24747/jma.28.1_97

    • NAID

      130007832336

    • ISSN
      0918-7863, 2434-0529
    • Year and Date
      2020-03-31
    • Related Report
      2019 Research-status Report
    • Peer Reviewed / Open Access
  • [Journal Article] Earnings management to achieve industry-average profitability in Japan2020

    • Author(s)
      Tomoyasu Yamaguchi
    • Journal Title

      Asia-Pacific Journal of Accounting & Economics

      Volume: online Issue: 2 Pages: 402-431

    • DOI

      10.1080/16081625.2020.1726188

    • Related Report
      2019 Research-status Report
    • Peer Reviewed / Open Access
  • [Journal Article] 転換社債の発行と利益マネジメント2019

    • Author(s)
      山口朋泰
    • Journal Title

      東北学院大学経営学論集

      Volume: 14 Pages: 49-67

    • NAID

      40022234700

    • Related Report
      2019 Research-status Report
    • Open Access
  • [Journal Article] 証券発行と利益マネジメント2019

    • Author(s)
      山口朋泰
    • Journal Title

      東北学院大学経営学論集

      Volume: 13 Pages: 25-38

    • NAID

      40021918552

    • Related Report
      2018 Research-status Report
  • [Journal Article] A cross-country study on the relationship between financial development and earnings management2018

    • Author(s)
      Masahiro Enomoto, Fumihiko Kimura, Tomoyasu Yamaguchi
    • Journal Title

      Journal of International Financial Management & Accounting

      Volume: - Issue: 2 Pages: 1-29

    • DOI

      10.1111/jifm.12078

    • NAID

      120006482607

    • Related Report
      2018 Research-status Report
    • Peer Reviewed
  • [Journal Article] 日本版不動産投資信託における配当ベースの利益マネジメント2018

    • Author(s)
      木村史彦
    • Journal Title

      Discussion Paper, TOHOKU MANAGEMENT & ACCOUNTING RESEARCH GROUP

      Volume: 133 Pages: 1-32

    • NAID

      120006767960

    • Related Report
      2018 Research-status Report
  • [Journal Article] The effect of corporate governance on the relationship between accounting quality and trade credit: Evidence from Japanese firms2018

    • Author(s)
      Masahiro Enomoto
    • Journal Title

      RIEB Discussion Paper Series

      Volume: 12 Pages: 1-30

    • Related Report
      2018 Research-status Report
  • [Presentation] 会計情報の質に対する影響要因の多様性と変化2023

    • Author(s)
      木村史彦
    • Organizer
      日本会計研究学会第81回大会
    • Related Report
      2022 Annual Research Report
    • Invited
  • [Presentation] 日本版不動産投資信託における配当ベースの利益マネジメント2018

    • Author(s)
      木村史彦
    • Organizer
      日本会計研究学会第77回大会
    • Related Report
      2018 Research-status Report
  • [Presentation] The Effect of Corporate Governance on the Relationship between Accounting Quality and Trade Credit: Evidence from Japan2018

    • Author(s)
      Masahiro Enomoto
    • Organizer
      2018 Taiwan Accounting Association Annual Conference
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research / Invited

URL: 

Published: 2018-04-23   Modified: 2024-01-30  

Information User Guide FAQ News Terms of Use Attribution of KAKENHI

Powered by NII kakenhi