| Project/Area Number |
22K13508
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| Research Category |
Grant-in-Aid for Early-Career Scientists
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| Allocation Type | Multi-year Fund |
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| Review Section |
Basic Section 07100:Accounting-related
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| Research Institution | University of Tsukuba |
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Principal Investigator |
顧 俊堅 筑波大学, ビジネスサイエンス系, 助教 (10820433)
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| Project Period (FY) |
2022-04-01 – 2025-03-31
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| Project Status |
Granted (Fiscal Year 2023)
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| Budget Amount *help |
¥3,770,000 (Direct Cost: ¥2,900,000、Indirect Cost: ¥870,000)
Fiscal Year 2024: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2023: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2022: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
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| Keywords | New employee / Employee policy / firm performance / Firm performance |
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| Outline of Research at the Start |
I will answer the key question, i.e., whether and how new employee policies affect firm performance, by investigating the relations between firm performance and new employee payment policy, diversity policy, and welfare policy, respectively. To this end, three related papers will be generated.
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| Outline of Annual Research Achievements |
Motivated by accounting and business literature on the employee, this research project aims to systematically test the effects of new employee policies on firm performance.
Regarding this project, the main achievements in the year 2023 are as follows:
First, one paper related to this project was accepted in a reputable international academic journal (i.e., Applied Economics [SSCI; ABDC-A; ABS-2]). This study explores how Japanese listed companies disclosing comprehensive job-related information affect investor valuation. Those disclosing extensive employee welfare policies experience increased abnormal returns. The results suggest investors appreciate responsible employee investment as such investment gains employee trust.
Second, another related paper was accepted and presented at the AAA Annual Meeting and the CAAA Annual Conference. In this study, we explore the impact of increased gender equality concerns on managerial disclosure practices within masculine firms, leveraging the exogenous rise in gender diversity prompted by Act No. 64 of 2015. Currently, this paper is under review at one leading accounting journal [ABDC-A*; ABS-4].
Third, another related paper was conducted and presented at several research seminars held by leading universities (i.e., Osaka Uni., Fudan Uni., UNSW Sydney), JAA Annual Meeting, and TJAR conference. In this study, we explore how high new hire turnover affects financial reporting quality in Japanese firms. Results show a negative relation between turnover and reporting quality, validated through cross-sectional analyses and robustness tests.
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| Current Status of Research Progress |
Current Status of Research Progress
2: Research has progressed on the whole more than it was originally planned.
Reason
In the second year of this project, along with the original proposal, three papers were conducted, presented at reputable conferences and several research workshops, and submitted to targeted journals, which meets the second year’s target of the research proposal. Moreover, one paper was accepted by the international journal.
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| Strategy for Future Research Activity |
Thus far, there are two unpublished working papers related to this project. One is under review at a top-tier accounting journal, and the other is planned and will be submitted to a leading accounting journal (e.g., TAR, JAR, JAE, CAR, and RAST) as well. While publication in a leading journal presents a challenge, I am committed to improving the quality of the working papers to increase the likelihood of acceptance. If the working papers are rejected by the top-tier accounting journals, I will try my best to submit the papers to the second-tier accounting journals such as JBFA, JAPP, and EAR.
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