Value Relevance of Consolidated Accounting Information

• Project/Area Number: 21530487
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Single-year Grants
• Section: 一般
• Research Field: Accounting
• Research Institution: Kwansei Gakuin University
• Principal Investigator: YAMAJI Noriaki 関西学院大学, 経営戦略研究科, 教授 (50230438)
• Project Period (FY): 2009 – 2011
• Project Status: Completed (Fiscal Year 2011)
• Budget Amount: ¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000); Fiscal Year 2011: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000); Fiscal Year 2010: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000); Fiscal Year 2009: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
• Keywords: 連結会計情報 / 価値関連性 / のれん / のれん償却額 / 少数株主持分 / 少数株主利益 / 連結財務諸表 / 経済的単一体説 / 親会社説 / 企業価値 / のれん償却費 / 減損処理 / 企業結合 / パーチェス法

Research Abstract

The research shows that goodwill has a positive significant relationship with stock prices. And earnings before amortization are more relevant than earnings after amortization. Moreover, this research indicates that minority interests are considered as components other than shareholder's equity. These results are consistent with the Japanese Accounting Standards.

Research Products

• [Journal Article] 少数株主持分の価値関連性に関する実証研究 (2012)
  • Author(s): 山地範明、三木潤一
  • Journal Title: ビジネス & アカウンティングレビュー Volume: 第9巻 Pages: 1-11
  • NAID: 120004079941
• [Journal Article] Value Relevance of Goodwill and Goodwill Amortization : Evidence from Listed Japanese Companies (2012)
  • Author(s): Noriaki Yamaji、Jun' ichi Miki
  • Journal Title: ビジネス & アカウンティングレビュー Volume: 第7巻 Pages: 19-30
  • NAID: 120003801856
• [Journal Article] 少数株主持分の価値関連性に関する実証研究 (2012)
  • Author(s): 山地範明
  • Journal Title: ビジネス&アカウンティングレビュー Volume: 第9巻 Pages: 1-11
  • NAID: 120004079941
• [Journal Article] The Value Relevance of Goodwill and Goodwill Amortization : Evidence from Listed Japanese Companies (2011)
  • Author(s): 山地範明
  • Journal Title: ビジネス&アカウンティングレビュー Volume: 第7巻 Pages: 19-30
  • NAID: 120003801856
• [Presentation] The Value Relevance of Goodwill and Goodwill Amortization : Evidence from Listed Japanese Companies (2012)
  • Author(s): Noriaki Yamaji
  • Organizer: Accounting Group Seminar of Warwick Business School
  • Place of Presentation: The University of Warwick, UK.
  • Year and Date: 2012-02-01
• [Presentation] 財務報告の主体と範囲 (2010)
  • Author(s): 山地範明
  • Organizer: 南山大学経営研究ワークショップ・国際会計研究会
  • Place of Presentation: 南山大学
  • Year and Date: 2010-03-09