Empirical research on Myopic Behavior in Japan
Project/Area Number |
23730428
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Research Category |
Grant-in-Aid for Young Scientists (B)
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Allocation Type | Multi-year Fund |
Research Field |
Accounting
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Research Institution | Hitotsubashi University |
Principal Investigator |
NOMA Mikiharu 一橋大学, 大学院国際企業戦略研究科, 准教授 (80347286)
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Project Period (FY) |
2011 – 2013
|
Project Status |
Completed (Fiscal Year 2013)
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Budget Amount *help |
¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2013: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2012: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2011: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
|
Keywords | 近視眼的行動 / 経営者の任期 / 業績予想 / アナリスト予想 / 配当政策 / 経営者の在任期間 / 研究開発投資 / 経営者予想 / ハーディング / コンセンサス / 非開示企業 / 赤字企業 / コーポレートガバナンス / アナリスト数 / 予測精度 / 価値関連性 / 資本剰余金からの配当 |
Research Abstract |
This research reviews the previous literature on myopic behavior and investigates myopic behavior. First, I find that management forecasts are one of the causes of myopic behavior. Second, I show that the tenure of Japanese firms are shorter than that of global firms. Finally, I find that firms that do not provide management forecasts tend to report net loss and that those firms' growth are lower than the firms that provide management forecasts.
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Report
(4 results)
Research Products
(27 results)
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[Presentation] 赤字企業の配当政策2012
Author(s)
野間幹晴
Organizer
日本経営財務研究学会第36回全国大会
Place of Presentation
専修大学(東京都)
Year and Date
2012-10-07
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[Book] International Perspective on Accounting and Corporate Behavior2014
Author(s)
K.Ito, M.Nakano, Y.Takasu, S.Ishida, T.Kagaya, T.Kochiyama, Y.Takahashi, S.Sawada, K.Fujiyama, H.Kim, Y.Tanaka, M.Noma, T.Suzuki and T.Shoichi
Total Pages
335
Publisher
Springer
Related Report
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[Book] International Perspectives on Accounting and Corporate Behavior2014
Author(s)
Kunio Ito, Makoto Nakano, Yusuke Takasu, Souhei Ishida, Tetsuyuki Kagaya, Takuma Kochiyama, Yukari Takahashi, Shigeaki Sawada, Keishi Fujiyama, Hyonok KIm, Yuki Tanaka, Mikiharu Noma, Tomohiro Suzuki and Shoichi Tsumuraya
Total Pages
335
Publisher
Springer
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