2010 Fiscal Year Final Research Report
Earnings Volatility : Structure and Market Valuation
| Project/Area Number |
21730383
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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 |
EBIHARA Takashi Musashi University, 経済学部, 准教授 (00367129)
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| Project Period (FY) |
2009 – 2010
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| Keywords | 利益の質 / 利益のボラティリティ / アクルーアルズ / 同族企業 / ガバナンス / 社外取締役 |
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| Research Abstract |
I study the structure and the market valuation of earnings volatility. As a result, firms manage earnings by using accruals to avoid highly volatile earnings if cash flow volatility is relatively high. And earnings volatility is negatively related to earnings persistence, but the relationship between earnings volatility and ERC is not observed clearly.
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