A Theoretical and Empirical Study on Motivation and Economic Effect of Accounting Conservatism
Project/Area Number |
24730408
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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 | 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 *help |
¥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.
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Report
(4 results)
Research Products
(9 results)