| 研究実績の概要 |
We test several hypotheses with different regression models. Firstly, we find that firms with lower ad, quick ratio, higher capital ratio, R&D, interest, assets, and ROA, have a higher tendency to FDI. Secondly, we find that firms investing in a relatively high number of common-law countries exhibit relatively high audit fees. Thirdly, we also find that firms under greater influence of common law countries have higher level of earnings quality.
These results provide suggestions to firms, what kind of countries they may invest, whether it will improve earnings quality or not. These also provide suggestions to auditors and law makers, what auditors should concern when they make decision on audit fees. How law makers can improve the firms’ performance by changing the litigation environment.
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| 現在までの達成度 (区分) |
現在までの達成度 (区分)
2: おおむね順調に進展している
理由
There are mainly three research questions of the research proposal. Q1: What kind of local Japanese firms have tendency to expand the global markets by overseas direct investing? Q2: When auditors make decision on the audit fees, how they consider the firms’ earnings qualities, and the litigation environments where the firms belong to? Q3: Whether the litigation environments, which consist of different law makers, have different impact on the firms’ earnings quality?
During the first year, three of working papers have made, and one paper have been published on the international Journal (JDA). The three research questions (Q1, Q2, and Q3) could been answered partially based on the results of those working papers and published paper, which all focused on the Japanese firms' FDI.
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