Empirical Study of asset management in private colleges and universities

2015 Fiscal Year Final Research Report

• Project/Area Number: 26885066
• Research Category: Grant-in-Aid for Research Activity Start-up
• Allocation Type: Single-year Grants
• Research Field: Accounting
• Research Institution: Yokohama City University (2015); Osaka City University (2014)
• Principal Investigator: Kuroki Makoto 横浜市立大学, 総合科学部, 講師 (00736689)
• Project Period (FY): 2014-08-29 – 2016-03-31
• Keywords: 学校法人会計 / 資産運用 / 資産保有 / シグナリング / 帰属収支差額 / 利益調整

Outline of Final Research Achievements

This study investigates why private universities in Japan hold and manage their net asset. To clear this research question, I test from signaling perspective (named as financial stability signaling hypothesis), which indicates that private universities want to provide surround information for their enrollments to hold their asset. Testing for approximate 3,000 private universities' sample from 2008 to 2013, I find the evidence that if private universities have higher margin or net asset ratio, they gain more examination and tuition fees.

Free Research Field

会計学