2009 Fiscal Year Final Research Report
Empirical Research of Lease Accounting
| Project/Area Number |
20730312
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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 | Musashi University |
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Principal Investigator |
SAKAI Eiko Musashi University, 経済学部, 准教授 (00386351)
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| Project Period (FY) |
2008 – 2009
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| Keywords | 財務会計 / リース取引 / 価値関連性 / 経済的実質 |
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| Research Abstract |
I investigated 1) whether earnings measured by a finance lease model or by an operating lease model were more relevant to stock prices, and 2) whether there were any market reaction associated with the changes of lease disclosure. I found that there was no significant difference between earnings as measured by these two models and the market has not reacted to the shift to this new form of disclosure. This means that footnote-based information is not inferior to the recognition on balance sheets for investors
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