Theoretical and Empirical Research on Recognition versus Disclosure

2016 Fiscal Year Final Research Report

• Project/Area Number: 26380607
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Accounting
• Research Institution: Kyoto University
• Principal Investigator: KUSANO Masaki 京都大学, 経済学研究科, 准教授 (50351440)
• Project Period (FY): 2014-04-01 – 2017-03-31
• Keywords: 認識対開示 / ストック重視の会計 / 会計情報の有用性 / 経営者の裁量 / 公正価値 / リース取引 / 貸借対照表管理 / 情報処理プロセス

Outline of Final Research Achievements

The purpose of this study is to examine whether the balance sheet approach improves the usefulness of accounting information by focusing on recognition versus disclosure of accounting information. The main results of this study are as follows. (1) When capitalization of finance leases is required, firm managers engage in both accounting-based and real-based balance sheet management. (2) A credit rating agency considers operating lease information in determining credit ratings to the extent that this information is reliable. (3) The risk relevance of finance leases is substantially different between recognition in financial statements and disclosure in the notes when using bond yield spread; however, recognized and disclosed finance leases are treated similarly when determining credit ratings. These results suggest that capital market participants' information processing and firms' information environment have significant effects on the usefulness of accounting information.

Free Research Field

会計学