2011 Fiscal Year Final Research Report
Empirical analysis on recognition versus disclosure issues in financial reporting
| Project/Area Number |
21530466
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Accounting
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| Research Institution | Yamaguchi University |
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Principal Investigator |
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| Project Period (FY) |
2009 – 2011
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| Keywords | 資本市場 / コンバージェンス / フォーマット効果 / 株主優待 |
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| Research Abstract |
This research investigates" format effect" of financial reporting with respect to both individual and foreign institutional investors' behaviors. Regarding foreign investors, it examines whether the differences between the reported numbers and the numbers obtained from globally standardized database would affect foreign investors' ownership and consequently finds no statistically significant impact. The research on format effect to individual investors is undertaken by questionnaire survey to see the relationship between their knowledge about accounting treatment and attention to footnote disclosure and their investment behaviors. By holding considerable length and prioritizing stockholder perks they reduce the potential impact of format effect.
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