| Project/Area Number |
26380610
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Accounting
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| Research Institution | Kobe University |
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Principal Investigator |
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| Project Period (FY) |
2014-04-01 – 2017-03-31
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| Project Status |
Completed (Fiscal Year 2016)
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| Budget Amount *help |
¥2,470,000 (Direct Cost: ¥1,900,000、Indirect Cost: ¥570,000)
Fiscal Year 2016: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2015: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2014: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
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| Keywords | 利益マネジメント / 会計的裁量行動 / 実体的裁量行動 / 財務会計 |
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| Outline of Final Research Achievements |
I analyzed the relationship between accrual-based earnings management (AEM) and real earnings management (REM) using Japanese data from 2000 to 2014. I predicted that the relationship changed before and after the implementation of the US-SOX and J-SOX. The results showed a decrease in AEM after US-SOX and a decrease in REM after J-SOX. However, they are not consistent with the results of Cohen, et al. (2008, AR), which showed the substitution effect between two types of earnings management after US-SOX. This finding implies that the laws and regulations after US-SOX as well as the corporate governance reforms and audits introduced by J-SOX restrain earnings management. Next, I focused on firms whose auditor changed from the Big N auditor to non-Big N auditor and vise-versa, and the firms that meets or marginally beat earnings benchmarks. However, the substitution effect between AEM and REM, which has been reported in the prior literature, was not observed for both categories of firms.
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