Application of behavioral finance to accounting

• Project/Area Number: 19530404
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Single-year Grants
• Section: 一般
• Research Field: Accounting
• Research Institution: Nagoya University
• Principal Investigator: YAMAMOTO Tatsushi Nagoya University, 経済学研究科, 教授 (80191419)
• Co-Investigator(Kenkyū-buntansha): KATO Hideaki 名古屋大学, 経済学研究科, 教授 (80177435) ; OHTA Wataru 大阪大学, 経済学研究科, 准教授 (20293681) ; KO Tan 名古屋大学, 経済学研究科, 准教授 (10386667)
• Project Period (FY): 2007 – 2009
• Project Status: Completed (Fiscal Year 2009)
• Budget Amount: ¥3,900,000 (Direct Cost: ¥3,000,000、Indirect Cost: ¥900,000); Fiscal Year 2009: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000); Fiscal Year 2008: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000); Fiscal Year 2007: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
• Keywords: 財務会計 / 行動ファイナンス

Research Abstract

In most prior literature of neo-classical economics, the rationality of individuals is assumed. However the individual does not always take a rational action. Academic fields that focus on this point are behavioral economics and behavioral finance. In this research, we constructed a theory to explain some accounting related phenomena using the knowledge of behavioral economics and behavioral finance and to take an empirical test by case study.

Research Products

• [Journal Article] 市場の非効率性とTOB-日本における理論とケース- (2009)
  • Author(s): 山本達司
  • Journal Title: 管理会計学 第17巻第2号 Pages: 49-64
• [Journal Article] Takehide Hirose and Marc Bremer, Can Margin Traders Predict Future Stock Returns in Japan? (2009)
  • Author(s): Hideaki Kato
  • Journal Title: Pacific Basin Finance Journal vol.17 Pages: 41-57
  • Peer Reviewed
• [Journal Article] 中国における証券市場の発展と会計基準のグローバル化 (2009)
  • Author(s): 胡丹
  • Journal Title: 経済科学 第56巻 Pages: 1-12
  • NAID: 120000976549
• [Journal Article] 市場の非効率性とTOB戦略-日本における理論とケース- (2009)
  • Author(s): 山本達司
  • Journal Title: 管理会計学 17巻2号 Pages: 49-64
  • NAID: 110007629529
• [Journal Article] Can Margin Traders Predict Future Stock Returns in Japan? (2009)
  • Author(s): Hideaki Kato, Takehide Hirose, Marc Bremer
  • Journal Title: Pacific Basin Finance Journal 17 Pages: 41-57
  • Peer Reviewed
• [Journal Article] 中国における証券市場の発展と会計基準のグローバル化 (2009)
  • Author(s): 胡丹
  • Journal Title: 経済科学 56 Pages: 1-12
  • NAID: 120000976549
• [Journal Article] Corporate Restructuring in Japan: Who monitors the monitor? (2008)
  • Author(s): Hideaki Kato, Kotaro Inoue, Marc Bremer
  • Journal Title: Journal of Banking and Finance vol.32 Pages: 2628-2635
  • Peer Reviewed
• [Journal Article] Corporate Restructuring in Japan : Who monitors the monitor? (2008)
  • Author(s): Hideaki Kato, Kotaro Inoue, Marc Bremer
  • Journal Title: Journal of Banking and Finance 32 Pages: 2628-2635
  • Peer Reviewed
• [Journal Article] リース会計基準の変更による企業業績に及ぼす影響 (2007)
  • Author(s): 胡丹
  • Journal Title: 会計 第171巻 Pages: 749-763
• [Journal Article] リース会計基準の変更による企業業績に及ぼす影響 (2007)
  • Author(s): 胡丹
  • Journal Title: 会計 171 Pages: 749-763
• [Presentation] ドイツのIFRS導入とその実証的証拠 (2009)
  • Author(s): 胡丹
  • Organizer: 日本会計研究学会中部部会第122回大会
  • Place of Presentation: 名古屋商科大学
  • Year and Date: 2009-12-05
• [Presentation] Earnings Management at Initial Public Offerings in Japan (2008)
  • Author(s): Asano, N., Y. Kusu, A. Shiba, T. Yamamoto
  • Organizer: 9th Annual Conference Asian Academic Accounting Association
  • Place of Presentation: Dubai
  • Year and Date: 2008-11-30
• [Presentation] M&Aにおける企業評価―行動ファイナンスの視点から― (2008)
  • Author(s): 山本達司
  • Organizer: 日本管理会計学会
  • Place of Presentation: 甲南大学
  • Year and Date: 2008-08-30
• [Presentation] M&Aにおける企業評価-行動ファイナンスの視点から- (2008)
  • Author(s): 山本達司
  • Organizer: 日本管理会計学会
  • Place of Presentation: 甲南大学
  • Year and Date: 2008-08-30
• [Book] 野球人の錯覚 (2008)
  • Author(s): 加藤英明・山崎尚志
  • Total Pages: 165
  • Publisher: 東洋経済新報社