A Theoretical and Empirical Study on Motivation and Economic Effect of Accounting Conservatism

• Project/Area Number: 24730408
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Accounting
• Research Institution: The University of Aizu Junior College Division
• Principal Investigator: OHASHI Yoshitaka 会津大学短期大学部, その他部局等, 講師 (50442017)
• Project Period (FY): 2012-04-01 – 2015-03-31
• Project Status: Completed (Fiscal Year 2014)
• Budget Amount: ¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000); Fiscal Year 2014: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000); Fiscal Year 2013: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000); Fiscal Year 2012: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
• Keywords: 財務会計 / 条件付保守主義 / 無条件保守主義 / 債務契約 / 負債コスト / 保守主義 / 会計上の保守主義 / 資本コスト

Outline of Final Research Achievements

The purpose of this study is to investigate the economic effects of accounting conservatism on debt cost. In this study, I examine how two types of accounting conservatism -unconditional and conditional conservatism- affect debt cost in bank loan and corporate bond contracting. The results of statistical analyses show (1) conditional conservatism reduces the interest spreads of loan contracting, and (2) unconditional conservatism reduces the interest spreads of bond contracting and enhance the bond rating.

Research Products

• [Journal Article] 条件付会計保守主義と借入金契約 (2015)
  • Author(s): 大橋良生
  • Journal Title: 青森公立大学経営経済学研究 Volume: 20 Pages: 3-15
  • NAID: 120005602246
  • Peer Reviewed / Open Access / Acknowledgement Compliant
• [Journal Article] 会計上の保守主義と社債契約 (2015)
  • Author(s): 大橋良生
  • Journal Title: 商学討究 Volume: 66
  • NAID: 120005626051
  • Peer Reviewed / Open Access / Acknowledgement Compliant
• [Presentation] Accounting Conservatism and Corporate Bond Issue: Evidence from Japan (2014)
  • Author(s): Yoshitaka OHASHI
  • Organizer: 26th Asian-Pacific Conference on International Accounting Issues
  • Place of Presentation: Regent, Taipei
  • Year and Date: 2014-10-26 – 2014-10-28
• [Presentation] Accounting Conservatism and Debt Contracting (2014)
  • Author(s): Yoshitaka OHASHI
  • Organizer: International Roundtable Meeting and Conference on Accounting Policy
  • Place of Presentation: Ernst & Young ShinNihon LLC, Tokyo
  • Year and Date: 2014-08-02
• [Presentation] 会計保守主義と負債契約との関係性 (2014)
  • Author(s): 大橋良生
  • Organizer: 日本会計研究学会第86回東北部会
  • Place of Presentation: 八戸ポータルミュージアム
  • Year and Date: 2014-07-12
• [Presentation] 会計保守主義と債務契約 (2014)
  • Author(s): 大橋良生
  • Organizer: 兼松セミナー（TJAR Workshop共催）
  • Place of Presentation: 神戸大学経済経営研究所
  • Year and Date: 2014-06-28
• [Presentation] The Effect of Accounting Conservatism on Debt Cost (2014)
  • Author(s): Yoshitaka OHASHI
  • Organizer: 2014 International Conference on Accounting and Information Technology and 2014 Asian Conference on Accounting and Society & Spring School
  • Place of Presentation: National Chung Cheng University
• [Presentation] The Effect of Accounting Conservatism on Debt Cost (2013)
  • Author(s): Yoshitaka OHASHI
  • Organizer: 5th East Asian Internatinal Symposium on Accounting & Spring School
  • Place of Presentation: Sungkyunkwan University
• [Presentation] 会計保守主義と社債契約
  • Author(s): 大橋良生
  • Organizer: 東北大学会計大学院会計研究会
  • Place of Presentation: 東北大学