| Budget Amount *help |
¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000)
Fiscal Year 2013: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2012: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2011: ¥520,000 (Direct Cost: ¥400,000、Indirect Cost: ¥120,000)
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| Outline of Final Research Achievements |
This study shows some conditions that the separation system does not work to block the effect of principle-based IFRS on non-consolidated financial statements of Japanese companies. IF principle-based IFRS causes to decrease the psychic cost of the manager’s earnings management, investors do not use the consolidated financial statements but use the non-consolidated financial statements that are less vulnerable than the consolidated financial statements. The more easily the parent company manages its earnings using its subsidiary companies, the more effectively the parent-only financial statements coordinate the conflict of interests between managers and stockholders. About these points, this study has made clear rigorously. I have presented these research results at academic congresses and publish them at academic journals.
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