2010 Fiscal Year Final Research Report
Fair Value Accounting and Myopic Management -Fair Value Accounting's impact on Management-
| Project/Area Number |
20530407
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Accounting
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| Research Institution | Kyoto University |
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Principal Investigator |
TOKUGA Yoshihiro Kyoto University, 経営管理研究部, 教授 (70163970)
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| Project Period (FY) |
2008 – 2010
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| Keywords | 財務会計 |
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| Research Abstract |
Firstly, this study searches the paradigm shift from the flow based accounting system (accounting income model) to stock based system (book value model) to clarify the meanings of current mixture condition. I also tackled with the issues of liabilities as the articulation of the above paradigm shift, especially, the issue of whether credit risk should be reflected in valuating liabilities and the issue of fair valuation of nonfinancial liabilities. Secondly, I studied the influence of the extension of fair valuations on management and capital market. As a result, I found that managers tend to adopt myopic management to avoid the surprise from the capital market.
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