Construction of database for financial restatements and analysis on economic impact of restatements
Project/Area Number |
19530420
|
Research Category |
Grant-in-Aid for Scientific Research (C)
|
Allocation Type | Single-year Grants |
Section | 一般 |
Research Field |
Accounting
|
Research Institution | Waseda University |
Principal Investigator |
OKUMURA Masashi Waseda University, 商学部, 教授 (30247241)
|
Project Period (FY) |
2007 – 2009
|
Project Status |
Completed (Fiscal Year 2009)
|
Budget Amount *help |
¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000)
Fiscal Year 2009: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2008: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2007: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
|
Keywords | 財務会計 / 会計監査 / 訂正報告書 / 修正再表示 |
Research Abstract |
The database of financial restatements during the period from 2004 to 2008 by Japanese listed firms was made. I analyzed the database, and found that restatements were made in various parts of the financial statements and the number of restatements increased rapidly during the period. And in general a restatement had negative impact to stock price, and especially restatement that decreased earnings had strong negative impact. In addition I also found governance factor that restricted earnings restatements efficiently was hiring internal auditor who had been the accounting manager of the firm..
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Report
(4 results)
Research Products
(5 results)