Reexamination of the Role of Accounting Information in Management Compensation Contract - In Relation to Compensation Governance

2023 Fiscal Year Final Research Report

• Project/Area Number: 20K02028
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Review Section: Basic Section 07100:Accounting-related
• Research Institution: Kansai University
• Principal Investigator: Otomasa Shota 関西大学, 商学部, 教授 (60258077)
• Co-Investigator(Kenkyū-buntansha): 岩崎 拓也 関西大学, 商学部, 教授 (30611363) ; 椎葉 淳 大阪大学, 大学院経済学研究科, 教授 (60330164) ; 首藤 昭信 東京大学, 大学院経済学研究科(経済学部), 准教授 (60349181)
• Project Period (FY): 2020-04-01 – 2024-03-31
• Keywords: 会計ベースの契約 / 会計情報の有用性

Outline of Final Research Achievements

This study investigates how the role of accounting information in managerial compensation contracts has changed as compensation governance has been strengthened. Based on the research results from prior evidence, we have organized the concept of managerial compensation contracts and developed compensation data, which are on the increase, and I believe that I have established the basis for an empirical analysis of an important function of accounting information.
In addition, as a new compensation system, management compensation that incorporates ESG indicators has recently been introduced. As companies are expected to make efforts to achieve sustainable development goals, how to reflect ESG indicators in their evaluations remains an issue.

Free Research Field

財務会計

Academic Significance and Societal Importance of the Research Achievements

現状のディスクロージャー制度では，会計を取り巻く利害関係者との間の私的契約等を通じた利害調整に関する会計情報の役割は副次的なものと位置づけられている。ところが，会計情報は，コーポレート・ガバナンスの根幹をなす報酬ガバナンスにおいても重要である。よって，会計情報の役割が複層的であることに焦点を合わせる分析は学術的にも社会的にも高い意味をもつと考えられる。