2022 Fiscal Year Final Research Report
Measuring Conditional Conservatism: Its Challenges and Remedies
| Project/Area Number |
20K13641
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| Research Category |
Grant-in-Aid for Early-Career Scientists
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| Allocation Type | Multi-year Fund |
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| Review Section |
Basic Section 07100:Accounting-related
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| Research Institution | Fukui Prefectural University |
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Principal Investigator |
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| Project Period (FY) |
2020-04-01 – 2023-03-31
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| Keywords | 条件付保守主義 / Basu (1997) / 会計上の保守主義 / Collins et al. (2014) / CFOの非対称性 / Basuモデル |
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| Outline of Final Research Achievements |
This study focused on accounting conservatism, which has received considerable attention in both practice and academia as an important feature of financial accounting. In particular, we examined the conditional conservatism, which is a type of accounting conservatism, and analyzed the problems in the application of the widely used measure of Basu [1997] to Japanese data. In addition, a discussion of possible improvements to the measure in response to these problems has also been presented. The main findings of this study are as follows: (1) the CFO asymmetry highlighted by Collins et al. [2014] is a concern when applying the Basu[1997] model to Japanese data; (2) therefore, in order to avoid bias due to CFO asymmetry, it is necessary to measure conditional conservatism using the adjusted Basu[1997] model, the accrual model.
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| Free Research Field |
財務会計
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| Academic Significance and Societal Importance of the Research Achievements |
条件付保守主義は近年、財務会計領域で活発に研究が行われているテーマである。条件付保守主義を計測するために広く用いられてきたBasuモデルについては、米国を中心にその妥当性が議論されてきた。しかし、これまで日本のデータに対する検証は十分には行われてこなかった。本研究の成果は、日本のデータに対してBasuモデルを応用する際の問題点とその問題点への対処法を検討しており、日本企業の条件付保守主義に関する研究の信頼性を高めることに貢献するものと期待できる。また、本研究の成果は、日本企業の会計行動の特徴をより正確に理解することを可能にし、研究者のみならず実務家にとっても意義を有するものである。
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