The Impact of Governance Reform on Financial Reporting Quality

2018 Fiscal Year Final Research Report

• Project/Area Number: 16K03997
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Accounting
• Research Institution: Kanazawa Gakuin University (2018); Chiba University of Commerce (2016-2017)
• Principal Investigator: Nakashima Masumi 金沢学院大学, 経営情報学部, 教授 (90249219)
• Research Collaborator: Ziebart David A.
• Project Period (FY): 2016-04-01 – 2019-03-31
• Keywords: 利益の質 / 会計不正 / ガバナンス / 内部統制 / 経営者 / 裁量行動

Outline of Final Research Achievements

This study investigated the types of firms that disclosed fraudulent accounting (fraud firms) and examined whether the fraud firms had common innate characteristics by comparing fraud and non-fraud firms.The finding is the following: the results of t-test show that there is a difference in a firm’s performance and business complexity, and the percentage of outside directors and that there is a significant positive association between accounting fraud and the percentage of outside directors. Also, this study implemented a survey of CFOs in the public firms in Japan concerning higher quality earnings and the determinants of earnings quality. Japanese CFOs indicate that 30% of earnings quality is impacted by firm characteristics such as firm’s business model, industry, macro-economic conditions.

Free Research Field

会計学

Academic Significance and Societal Importance of the Research Achievements

本サーベイ調査を実施することによって内部統制システムやガバナンスの実態を掴み、経営者がガバナンスや内部統制にどのような考えを有しているかを引き出すことができた。また、本研究は、不正のダイアモンド理論に依拠して不正の種類を分類し、日本における不正企業の特性を明らかにするとともに、不正企業のガバナンス構造の特徴を解明することができた。また、Dichev et al. (2013)と同様の質問票に対する経営者の回答結果から日米両経営者の考え方の差異を見出し、利益の質に関するアーカイバル研究結果がなぜ日米で整合しなかったのかについて重要な手がかりが掴むことができた。