2014 Fiscal Year Final Research Report
A Theoretical and Empirical Study on Motivation and Economic Effect of Accounting Conservatism
| Project/Area Number |
24730408
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Accounting
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| Research Institution | The University of Aizu Junior College Division |
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Principal Investigator |
OHASHI Yoshitaka 会津大学短期大学部, その他部局等, 講師 (50442017)
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| Project Period (FY) |
2012-04-01 – 2015-03-31
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| Keywords | 財務会計 / 条件付保守主義 / 無条件保守主義 / 債務契約 / 負債コスト |
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| Outline of Final Research Achievements |
The purpose of this study is to investigate the economic effects of accounting conservatism on debt cost. In this study, I examine how two types of accounting conservatism -unconditional and conditional conservatism- affect debt cost in bank loan and corporate bond contracting. The results of statistical analyses show (1) conditional conservatism reduces the interest spreads of loan contracting, and (2) unconditional conservatism reduces the interest spreads of bond contracting and enhance the bond rating.
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| Free Research Field |
会計学
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