| Budget Amount *help |
¥3,920,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥720,000)
Fiscal Year 2009: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2008: ¥2,340,000 (Direct Cost: ¥1,800,000、Indirect Cost: ¥540,000)
Fiscal Year 2007: ¥800,000 (Direct Cost: ¥800,000)
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| Research Abstract |
This study investigates whether net income is superior to comprehensive income as a measure of corporate performance. Based on 5 measurements, such as value relevance, persistency, predictability, risk assessment, and earnings management, I compare comprehensive income and net income. As a result, I generally find that net income is superior to comprehensive income in the light of explanatory power of stock return variation, risk valuation, earnings management, earnings persistency and predictability of future performance.
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