2012 Fiscal Year Final Research Report
An empirical study on accounting behaviors by the managers in the going-private process
| Project/Area Number |
22530501
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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 | Meijo University |
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Principal Investigator |
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| Co-Investigator(Kenkyū-buntansha) |
ASANO Takashi 首都大学東京, 社会(科)学研究科, 准教授 (30329833)
ISHII Yasuhiko 高千穂大学, 商学部, 教授 (70305176)
NAKAYAMA Shigeho 愛知学院大学, 商学部, 准教授 (80331635)
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| Project Period (FY) |
2010 – 2012
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| Keywords | MBO / 利益管理 / 裁量的会計発生高 / 利益相反取引 |
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| Research Abstract |
The purpose of this research is to identify the earnings management by the managers of Japanese firms in the Management Buy Out(MBO) for going-private. The major problem of MBO is the conflict-of-interest transaction by the managers. The managers that are“Insider”as acquirer want to purchase at a price lower. On the other hand, higher purchase price is desirable for the managers as an agency. So, we investigate the earnings management by the managers prior to MBO using quarterly financial data and discretionary accruals. As a result, in our analysis, we are not able to obtain the evidence of the earnings management.
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