Empirical analysis on recognition versus disclosure issues in financial reporting

Research Project

Project/Area Number	21530466
Research Category	Grant-in-Aid for Scientific Research (C)
Allocation Type	Single-year Grants
Section	一般
Research Field	Accounting
Research Institution	Yamaguchi University
Principal Investigator	MATSUURA Yoshiyuki 山口大学, 大学院・技術経営研究科, 教授 (70274149)
Project Period (FY)	2009 – 2011
Project Status	Completed (Fiscal Year 2011)
Budget Amount *help	¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000) Fiscal Year 2011: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000) Fiscal Year 2010: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000) Fiscal Year 2009: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Keywords	資本市場 / コンバージェンス / フォーマット効果 / 株主優待 / ディスクロージャー
Research Abstract	This research investigates" format effect" of financial reporting with respect to both individual and foreign institutional investors' behaviors. Regarding foreign investors, it examines whether the differences between the reported numbers and the numbers obtained from globally standardized database would affect foreign investors' ownership and consequently finds no statistically significant impact. The research on format effect to individual investors is undertaken by questionnaire survey to see the relationship between their knowledge about accounting treatment and attention to footnote disclosure and their investment behaviors. By holding considerable length and prioritizing stockholder perks they reduce the potential impact of format effect.