| Budget Amount *help |
¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2013: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2012: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2011: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Research Abstract |
This research investigate how a degree of book-tax conformity (BTC) affect a value relevance of accounting earnings. The pros and cons of requiring BTC have been discussed more than a decade ago. However, there have been little previous studies in this area. The results of this research are as follows. If the degree of BTC is high, the value relevance of accounting earnings is increasing in the tax audit probability. On the contrary, if the degree of BTC is low, the value relevance is decreasing in the tax audit probability. Further, if the uncertainty of cash flow is high and/or the uncertainty of manager's type is low, BTC enhances the value relevance.
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