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2013 Fiscal Year Final Research Report

International comparizon of earnings attributes

Research Project

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Project/Area Number 24730382
Research Category

Grant-in-Aid for Young Scientists (B)

Allocation TypeMulti-year Fund
Research Field Accounting
Research InstitutionHitotsubashi University

Principal Investigator

KAGAYA Tetsuyuki  一橋大学, 大学院商学研究科, 准教授 (80323913)

Project Period (FY) 2012-04-01 – 2014-03-31
Keywords利益属性 / 国際比較 / 利益平準化 / 安定配当 / 投資関連性
Research Abstract

The obejective of this research is to examine economic effects of corporate behavior in the changes of accounting standards on the assumptions that we clalify institutional factors and characteristics by analyzing earnings attributes in each country.
I analyze earnings attributes of Japanese firms by conducting international comparizon and I show that Japanese firms have three characteristics. Firstly, Japanese firms focus more on making profits. Secondly, Japanese firms shed more light on earnings smoothness. Thirdly, Japanese firms put more emphasis on the extent of matching expenses with revenues. Totally Japanese firms focus more on
flow numbers in financial statements. I analyze its effects to investment and dividend behavior by using the analysis of archival data from commercial database. I showed that making profits, earnings smoothness, and the extent of matching expenses with revenues could contribute to stable investment and dividend behavior.

  • Research Products

    (24 results)

All 2014 2013 2012

All Journal Article (18 results) (of which Peer Reviewed: 1 results) Presentation (6 results)

  • [Journal Article] Matching Expenses with Revenues around the World, K.Ito and M.Nakano(eds,)2014

    • Author(s)
      Tetsuyuki Kagaya
    • Journal Title

      International Perspectives on Accounting and Corporate behavior

      Volume: Springer : Tokyo Pages: 81-106

  • [Journal Article] Earnings Quality from a Management Perspective : Focusing on a Japan -U.S. comparison2014

    • Author(s)
      Tetsuyuki Kagaya
    • Journal Title

      Working Paper, Hitotsubashi University

      Pages: 1-41

  • [Journal Article] Does mandatory quarterly financial reporting affect corporate investment behavior?2014

    • Author(s)
      Tetsuyuki Kagaya
    • Journal Title

      Working Paper, Hitotsubashi University

      Pages: 1-46

  • [Journal Article] 日本企業の配当行動と特別損益の関係性2014

    • Author(s)
      加賀谷哲之
    • Journal Title

      国際会計研究学会年報

      Volume: 第30巻第1号 Pages: 33-47

  • [Journal Article] 実証的会計研究におけるイノベーションの探求‐経営者の利益観の日米比較を通じて‐2014

    • Author(s)
      加賀谷哲之
    • Journal Title

      會計

      Volume: 第185巻第1号 Pages: 29-45

  • [Journal Article] 統合報告が企業経営に与える影響2014

    • Author(s)
      加賀谷哲之
    • Journal Title

      企業会計

      Volume: 第66巻第5号 Pages: 686-693

  • [Journal Article] Causes and consequences of a Stable dividend policy : The bright side of extraordinary profits or losses, non-refereed2013

    • Author(s)
      Tetsuyuki Kagaya
    • Journal Title

      Working Paper, Hitotsubashi University

      Pages: 1-35

  • [Journal Article] 新興国における労働争議に対する株式市場の評価2013

    • Author(s)
      加賀谷哲之
    • Journal Title

      あらた基礎研究所論文集

      Volume: 5号 Pages: 34-51

  • [Journal Article] 持続的な企業価値創造のためのIRの課題と展望2013

    • Author(s)
      加賀谷哲之
    • Journal Title

      ディスクロージャー・ニュース

      Volume: Vol.22 Pages: 96-108

  • [Journal Article] 持続的な企業価値創造と統合報告2013

    • Author(s)
      加賀谷哲之
    • Journal Title

      会計・監査ジャーナル

      Volume: 第25巻第7号 Pages: 65-78

  • [Journal Article] Investment relevance around the World2013

    • Author(s)
      Tetsuyuki Kagaya
    • Journal Title

      Working Paper Center for Japanese Business Studies Hitotsubashi University

  • [Journal Article] 退職給付会計基準の改革と企業年金運用2013

    • Author(s)
      加賀谷哲之
    • Journal Title

      証券アナリストジャーナル

      Volume: 第51巻第3号 Pages: pp.6-15

  • [Journal Article] How do Investors Evaluate Business Continuity Management Disclosures in Emergency Situations?2013

    • Author(s)
      Tetsuyuki Kagaya
    • Journal Title

      Evidence from the Great East Japan Earthquake

      Volume: Vol.9 No.3 Pages: 398-415

    • Peer Reviewed
  • [Journal Article] 会計はどこに向かっているのか-有用性喪失を超えて、価値創造に貢献できるか2013

    • Author(s)
      伊藤邦雄, 加賀谷哲之, 鈴木智大
    • Journal Title

      一橋ビジネスレビュー

      Pages: 6-22

  • [Journal Article] 会計基準の国際的統合化・収斂化が投資行動に与える影響2013

    • Author(s)
      加賀谷哲之
    • Journal Title

      一橋ビジネスレビュー

      Volume: 第60巻第1号 Pages: 38-56

  • [Journal Article] BCMの開示が株式市場からの評価に与える影響-東日本大震災の影響に見る有事価値関連性2012

    • Author(s)
      加賀谷哲之
    • Journal Title

      伊藤邦雄編『企業会計研究のダイナミズム』(中央経済社)

      Volume: 第18章 Pages: 299-321

  • [Journal Article] 企業の実行力を支える長期志向と組織資産2012

    • Author(s)
      加賀谷哲之, 鈴木智大
    • Journal Title

      伊藤邦雄編『企業会計研究のダイナミズム』(中央経済社)

      Volume: 第15章 Pages: 237-256

  • [Journal Article] 持続的な企業価値創造のための非財務情報開示2012

    • Author(s)
      加賀谷哲之
    • Journal Title

      企業会計

      Volume: 第64巻第6号 Pages: 823-833

  • [Presentation] Causes and Consequences of a Stable Dividend Policy : The Bright Side of Extraordinary Profits or Losses2014

    • Author(s)
      Tetsuyuki Kagaya
    • Organizer
      37^<th> Annual Congress of European Accounting Association
    • Place of Presentation
      Radisson Blu Olümpia Hotel, Talin, Estonia
    • Year and Date
      2014-05-07
  • [Presentation] 日本企業の配当行動と特別損益 : グローバル社会における実証研究の役割2013

    • Author(s)
      加賀谷哲之
    • Organizer
      国際会計研究学会年次大会(統一論題)
    • Place of Presentation
      中央大学(東京都)
    • Year and Date
      2013-09-15
  • [Presentation] 実証的会計研究におけるイノベーションの探求2013

    • Author(s)
      加賀谷哲之
    • Organizer
      日本会計研究学会年次大会(統一論題)
    • Place of Presentation
      中部大学(愛知県)
    • Year and Date
      2013-09-06
  • [Presentation] Investment Relevance around the World2013

    • Author(s)
      Tetsuyuki Kagaya
    • Organizer
      Annual Meeting of Korean Accounting Association
    • Place of Presentation
      Hotel Hyundai Gyeongju, Gyeongju, South Korea
    • Year and Date
      2013-06-23
  • [Presentation] Investment Relevance around the World2013

    • Author(s)
      Tetsuyuki Kagaya
    • Organizer
      36^<th> Annual Congress of European Accounting Association
    • Place of Presentation
      Dauphine University, Paris, France
    • Year and Date
      2013-05-07
  • [Presentation] Quarterly Earnings Management around the World2012

    • Author(s)
      Tetsuyuki Kagaya
    • Organizer
      35^<th> Annual Congress of European Accounting Association
    • Place of Presentation
      Ljubljana University, Ljubljana, Estonia
    • Year and Date
      2012-04-22

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Published: 2015-06-25  

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