Cross-border accounting information transfers

2016 Fiscal Year Final Research Report

• Project/Area Number: 15K17161
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Accounting
• Research Institution: Kobe University
• Principal Investigator: KITAGAWA Norio 神戸大学, 経営学研究科, 准教授 (80509844)
• Project Period (FY): 2015-04-01 – 2017-03-31
• Keywords: 決算発表 / 利益サプライズ / 情報波及効果

Outline of Final Research Achievements

The purpose of this study is to examine cross-border information transfers associated with earnings announcements. Specifically, I investigate whether earnings surprises announced by U.S. firms affect investors’ perceptions of non-announcing Japanese firms in the same industry. I hypothesize that earnings surprises released by U.S firms are positively related to abnormal returns of non-announcing Japanese peers because of the relentless globalization of product and capital markets. However, the result shows that U.S. firms’ earnings surprise are not significantly related to abnormal returns of non-announcing Japanese peers.

Free Research Field

会計学