1999 Fiscal Year Final Research Report Summary
The Effects of differences between book values and market estimates on forecasting earnings
| Project/Area Number |
10630129
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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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 |
GOTOH Masatoshi Kobe University, Graduate School of Business Administration, Professor, 経営学研究科, 教授 (70186899)
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| Project Period (FY) |
1998 – 1999
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| Keywords | pension / book value / market value / Ohlson's model / abnormal earnings / minimum liability / projected benefit Obligation / unrecognized net loss |
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| Research Abstract |
The deficiency of pension assets for corporations in Japan ins an important fact to stress. They bear a risk for uncertainty in the future. The risk is related to firm value. The purpose of this research is to express the effects of the deficiency on corporate estimates. The findings of this research are following :
【encircled1】The difference between Projected Benefit Obligation and pension assets is growing like a quadratic function, recently. The curve opens upwards.
【encircled2】Unrecognized net loss doesn't have effects on firm value. But the magnitude of minimum liability is related to the magnitude of firm value.
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