2010 Fiscal Year Final Research Report
Empirical Study on Changes in Accounting Policy
| Project/Area Number |
20730292
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Accounting
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| Research Institution | Tohoku University |
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Principal Investigator |
ENOMOTO Masahiro 東北大学, 大学院・経済学研究科, 准教授 (70313921)
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| Project Period (FY) |
2008 – 2010
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| Keywords | 会計学 / 会計処理方法の変更 / 利益マネジメント / 自発的変更 / 強制的変更 |
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| Research Abstract |
This study presented detailed descriptive statistics regarding changes in accounting policies after 2000 in Japan and tests the relationship between changes in accounting policy and performance, in particular comparing the income-smoothing hypothesis. This study shows a comparison between firms that disclosed a change in accounting policy in audit reports and those that did not. Before and after the changes, net income before taxes of firms disclosing changes aresignificantly lower than that of firms not disclosing changes. The change ratio of net income before tax before change of the firms that make the change are higher than that of firms that did not do so. And, the test of the income-smoothing hypothesis of this study control management turnover, size, audit firm, the extent of financial distress and debt ratio. The results of it are consistent with the income-smoothing hypothesis.
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[Remarks] Discussion Paper Masahiro ENOMOTO, "Empirical Study on Changes in Accounting Policy: A Reexamination of the Income-Smoothing Hypothesis," TM & ARG Discussion Papers No.101, April 2011
