| Budget Amount *help |
¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
Fiscal Year 2014: ¥520,000 (Direct Cost: ¥400,000、Indirect Cost: ¥120,000)
Fiscal Year 2013: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2012: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2011: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
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| Outline of Final Research Achievements |
This study was performed to clarify the relationship the change of corporate governance and managerial accounting behaviors in Japanese listed firms.
First, I investigate the relationship between managerial myopic research and development (R&D) investment behavior and corporate governance structure in Japanese and the U. S. listed firms. The results show that: (1) in the U. S. listed firms, institutional ownership tend to prevent managers from cutting R&D investment in order to meet target earnings, and (2) such tendency is not found in Japanese firms. Moreover, I show that there is a significant difference in the level of earnings management among industries as categorized by the Securities Identification Code Committee (33 sectors), and that (1) governmental regulation, (2) firm size, (3) financing methods, and (4) accounting flexibility determine these differences.
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