| Project/Area Number |
23730449
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Accounting
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| Research Institution | Kobe City University of Foreign Studies (2012)
Nagoya University of Commerce & Business (2011) |
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Principal Investigator |
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| Project Period (FY) |
2011 – 2012
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| Project Status |
Completed (Fiscal Year 2012)
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| Budget Amount *help |
¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2012: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2011: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
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| Keywords | 財務会計 / 会計情報 / 資本市場 / 事業投資 / 意見不一致 |
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| Research Abstract |
In this research, it is verified how the characteristic of accounting information improves the investing activities of a company by using a stock market model. In particular, two features of accounting information are focused;
(1) quality and
(2) management.
The quality of accounting information is greatly concerned with the easinessof the interpretation of the information by investors. Accounting information may be adjusted through the discretionary investment decisions by managers. As a result of this research, it is found that the investing activities of a company become inefficient when investors cannot interpret the accounting information easily. This result gives a new theoretical interpretation to the role of the accounting information.
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