2010 Fiscal Year Final Research Report
Accounting Information and Value-from the perspective of Earnings Management and Capital Market
| Project/Area Number |
20730295
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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 | Hitotsubashi University |
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Principal Investigator |
NOMA Mikiharu Hitotsubashi University, 大学院・国際企業戦略研究科, 准教授 (80347286)
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| Project Period (FY) |
2008 – 2010
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| Keywords | 会計情報 / 利益調整 / アナリスト / 業績予想 / 研究開発投資 / 保守主義 / 社外役員 / ストラクチャリング |
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| Research Abstract |
This research examines the relation between accounting information and value. First, I find that independent board directors are related to firm value positively. Second, I find that firms that followed by many analysts decrease earnings by controlling abnormal accrual. Third, the empirical results suggest that Japanese firms are more myopic than firms in other countries.
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