An empirical study on capital market administration and accounting policy based on long-term financial data

2016 Fiscal Year Final Research Report

• Project/Area Number: 15K13060
• Research Category: Grant-in-Aid for Challenging Exploratory Research
• Allocation Type: Multi-year Fund
• Research Field: Accounting
• Research Institution: Waseda University
• Principal Investigator: USUI Akira 早稲田大学, 商学学術院(ファイナンス研究科・センター), 教授 (90193870)
• Project Period (FY): 2015-04-01 – 2017-03-31
• Keywords: 会計学

Outline of Final Research Achievements

Using a quantitative and historical approach, this study explains the succession of the accounting institutions before and after World War II and the functions of accounting policy in capital market administration. From the viewpoint of information related to corporate value, the accounting institutions in Japan promoted the efficiency of the capital market infrastructure for 60 years from the 1950s to the 2010s. Accounting figures not only describe facts but also play an important role in the adjustment of interests among stakeholders through conservative accounting measurements.

Free Research Field

会計学