Earnings Property, accounting behavior, and risk-taking of Japanese firms

2016 Fiscal Year Final Research Report

• Project/Area Number: 26380600
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Accounting
• Research Institution: Hitotsubashi University
• Principal Investigator: Nakano Makoto 一橋大学, 大学院商学研究科, 教授 (00275017)
• Project Period (FY): 2014-04-01 – 2017-03-31
• Keywords: 利益平準化 / 保守主義 / リスクテイク / 銀行会計

Outline of Final Research Achievements

Japanese firms are in the era of low growth. We aim to investigate how accounting behavior and risk-taking affect accounting numbers property. Concretely, we empirically analysed how conservative accounting behavior affects time-series earnings volatility, investment efficiency, performance, and firm value. The results were presented at American Accounting Association, European Accounting Association, Bank of Japan,and The University of Sydney Business School. The article was published in Financial Research from Bank of Japan. In addition, we published a research book, "Macro and Micro Empirical Accounting" from CHUOKEIZAI-SHA in April 2017.

Free Research Field

財務会計