2023 Fiscal Year Research-status Report
Influence of Ownership Structure on Accounting Conservatism - Evidence from Japanese Listed Companies -
| Project/Area Number |
20K13639
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| Research Institution | Ritsumeikan University |
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Principal Investigator |
呉 懿 立命館大学, 経営学部, 准教授 (40830211)
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| Project Period (FY) |
2020-04-01 – 2025-03-31
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| Keywords | Accoutning conservatism / Quantile regression / Fuzzy analysis |
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| Outline of Annual Research Achievements |
I focused on how Japan's institutional environment impacts management's application of accounting conservatism principles, particularly examining the effects of ownership structures and regulatory efficacy this year. Unlike the fragmented ownership common in Anglo-American systems, Japan's concentrated ownership among strategic shareholders significantly influences its accounting practices.
The findings are vital as they elucidate how ownership and regulatory frameworks interact to affect accounting quality, revealing how well institutional arrangements support accounting standards and efficient contracting. These insights are invaluable for policymakers, corporate leaders, and academics, enhancing understanding of the underpinnings of accounting conservatism and its consequences.
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| Current Status of Research Progress |
Current Status of Research Progress
3: Progress in research has been slightly delayed.
Reason
The examination of Japan's institutional features, especially the ownership structures and regulatory mechanisms, has been a focal point. This analysis has shed light on how these factors shape accounting conservatism practices within the country. The methodological approach, designed to capture the nuanced interactions between these elements, has proven effective, even leading me through unforeseen but enriching avenues of inquiry.These unexpected paths have not deterred the research's progress; instead, they have enriched the study, adding depth and breadth to the findings. While the journey has diverged from the original plan, the deviations have allowed for a more comprehensive and nuanced exploration of the topic.
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| Strategy for Future Research Activity |
In the upcoming extension year, I'm set to broaden our exploration of accounting conservatism, integrating the latest advancements in this domain. The plan is to juxtapose the findings with various corporate governance models from around the globe. This comparative analysis will not only situate our insights in a broader context but also illuminate the distinctive characteristics of different systems.
I'll delve deeper into the myriad institutional factors that influence accounting conservatism, unraveling the complex interplay among them. This enriched perspective aims to provide a more nuanced understanding of the subject. The goal is to offer clear, actionable insights that policymakers and industry professionals can utilize to enhance accounting standards and practices.
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| Causes of Carryover |
In the current fiscal year, the grant has been instrumental in facilitating extensive data collection and analysis. For the upcoming fiscal year, the requested grant will be pivotal in expanding the research's scope and impact. The funds will be allocated for presenting the research findings at both national and international conferences to disseminate the insights widely and gather feedback.It will also support the acquisition of relevant financial datasets and access to necessary databases. Additionally, the funding will enable the engagement of expertise for methodological guidance.
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