The Role of Accounting Information in Executive Compensation-The Effect of Market Inefficiency and Earnings Management

• Project/Area Number: 21730367
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Single-year Grants
• Research Field: Accounting
• Research Institution: Osaka University
• Principal Investigator: SHIIBA Atsushi 大阪大学, 大学院・経済学研究科, 准教授 (60330164)
• Project Period (FY): 2009 – 2011
• Project Status: Completed (Fiscal Year 2011)
• Budget Amount: ¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000); Fiscal Year 2011: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000); Fiscal Year 2010: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000); Fiscal Year 2009: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
• Keywords: 経営者報酬 / 非効率的市場 / 意見不一致 / 利益マネジメント / ストック・オプシ / キャッシュ・フロー / 報酬契約の開示 / 比較制度分析 / 完備契約 / 不完備契約 / 動学モデル / 利益情報 / キャッシュ・フロー情報 / ストック・オプション / 評価誤差

Research Abstract

I investigate the role of accounting information in executive compensation contract from the viewpoint of market inefficiency and earnings management. I discuss following five topics and contribute to literature in this area ;(1) different interpretation of the same accounting information among investors,(2) effects of manager' s earnings management,(3) the role of cash flows in compensation contract,(4) regulations of compensation disclosure, and(5) the interaction of compensation contract and other incentive mechanisms in organization.

Research Products

• [Journal Article] 会計情報に対する投資家間の意見不一致が及ぼす影響について (2011)
  • Author(s): 石椛義和・椎葉淳
  • Journal Title: 産業経理 Volume: 第71巻第2号 Pages: 155-165
  • NAID: 40018929961
• [Journal Article] 比較会計制度分析:コントロール機能の一つの分析視角 (2011)
  • Author(s): 椎葉淳
  • Journal Title: 管理会計学 Volume: 第19巻第2号 Pages: 53-74
  • NAID: 110009328281
• [Journal Article] ストック・オプションの評価誤差:理論・実証研究からの示唆 (2010)
  • Author(s): 椎葉淳・瀧野一洋
  • Journal Title: 名古屋商科大学総合経営・経営情報論集 Volume: 第54巻2号 Pages: 89-107
  • NAID: 110007598075
• [Journal Article] ストックオプションの評価誤差:理論・実証研究からの示唆 (2010)
  • Author(s): 椎葉淳・瀧野一洋
  • Journal Title: 名古屋商科大学総合経営・経営情報論集 54巻2号(近刊)
  • NAID: 110007598075
• [Journal Article] 業績連動報酬と会計情報の役割 (2009)
  • Author(s): 乙政正太・椎葉淳
  • Journal Title: 会計 Volume: 第176巻第3号 Pages: 440-453
  • NAID: 40016683479
• [Journal Article] 業績連動報酬と会計情報の役割 (2009)
  • Author(s): 乙政正太・椎葉淳
  • Journal Title: 会計 176巻3号 Pages: 440-453
  • NAID: 40016683479
• [Presentation] The Role of Related Firm Information in a Financial Statement Analysis (2011)
  • Author(s): 椎葉淳・山口貴史
  • Organizer: Asian Academic Accounting Association, 12th Annual Conference
  • Place of Presentation: Inna Grand Bali Beach Hotel, Bali, Indonesia
  • Year and Date: 2011-10-11
• [Presentation] The Effect of Compensation Contract Disclosure on Executive Behavior (2010)
  • Author(s): 呉重和・椎葉淳
  • Organizer: Asia-Pacific Management Accounting Association, The 6th Annual Forum
  • Place of Presentation: National Taiwan University, Taiwan
  • Year and Date: 2010-11-06
• [Presentation] The Effect of Compensation Contract Disclosure on Executive Behavior (2010)
  • Author(s): 呉重和・椎葉淳
  • Organizer: Asia-Pacific Management Accounting Association, The 6th Annual Forum
  • Place of Presentation: National Taiwan University (Taiwan)
  • Year and Date: 2010-11-06
• [Presentation] 比較会計制度分析:コントロール機能の一つの分析視角 (2010)
  • Author(s): 椎葉淳
  • Organizer: 日本管理会計学会2010年度全国大会:統一論題報告
  • Place of Presentation: 早稲田大学
  • Year and Date: 2010-08-28
• [Presentation] Earnings Management in Dynamic Settings (2010)
  • Author(s): 村上裕太郎・椎葉淳
  • Organizer: European Accounting Association, 33rd Annual Congress
  • Place of Presentation: Istanbul Hilton Convention & Exhibition Center, Istanbul, Turkey
  • Year and Date: 2010-06-20
• [Presentation] Earnings Management in Dynamic Settings (2010)
  • Author(s): 村上裕太郎・椎葉淳
  • Organizer: European Accounting Association, 33rd Annual Congress
  • Place of Presentation: Istanbul Hilton Convention & Exhibition Cente (Istanbul, Turkey)
  • Year and Date: 2010-06-20
• [Presentation] 比較会計制度分析:コントロール機能の一つの分析視角 (2010)
  • Author(s): 推葉淳
  • Organizer: 日本管理会計学会2010年度全国大会、統一論題報告
  • Place of Presentation: 早稲田大学(東京都)(招待講演)
• [Presentation] Earnings Management in Dynamic Settings (2009)
  • Author(s): 村上裕太郎・椎葉淳
  • Organizer: American Accounting Association Annual Meeting
  • Place of Presentation: Hilton Hotel, New York, USA
  • Year and Date: 2009-08-05
• [Presentation] Earnings Management in Dynamic Settings (2009)
  • Author(s): 村上裕太郎・椎葉淳
  • Organizer: American Accounting Association Annual Meeting
  • Place of Presentation: New York, USA
  • Year and Date: 2009-08-05