2012 Fiscal Year Final Research Report
A Comarison of Causes and Economic Impacts of Financial Restatements between Japan and the U.S.
| Project/Area Number |
22530497
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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 | Waseda University |
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Principal Investigator |
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| Project Period (FY) |
2010 – 2012
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| Keywords | 財務会計 / 修正再表示 / 財務諸表の訂正 / 虚偽記載 |
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| Research Abstract |
I surveyed corrections in financial statements of the Japanese listed firms, compared it with financial restatements of the american listed firms. And especially I analyzed deeply corrections of reported earnings. From the analyses, I showed the facts as follow. (1) The Japanese stock market reacted efficiently to the information of correction. (2) The probability of occurrence of correction is affected by the characteristics of corporate governance. (3) The book-tax conformity rule heightened the probability of corrections of earnings in Japan. (4) The information about corporate governance is useful to predict the correction of earnings.
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