2013 Fiscal Year Final Research Report
Empirical research on Myopic Behavior in Japan
| Project/Area Number |
23730428
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Accounting
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| Research Institution | Hitotsubashi University |
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Principal Investigator |
NOMA Mikiharu 一橋大学, 大学院国際企業戦略研究科, 准教授 (80347286)
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| Project Period (FY) |
2011 – 2013
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| Keywords | 近視眼的行動 / 経営者の任期 / 業績予想 / アナリスト予想 / 配当政策 |
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| Research Abstract |
This research reviews the previous literature on myopic behavior and investigates myopic behavior. First, I find that management forecasts are one of the causes of myopic behavior. Second, I show that the tenure of Japanese firms are shorter than that of global firms. Finally, I find that firms that do not provide management forecasts tend to report net loss and that those firms' growth are lower than the firms that provide management forecasts.
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[Book] International Perspective on Accounting and Corporate Behavior2014
Author(s)
K.Ito, M.Nakano, Y.Takasu, S.Ishida, T.Kagaya, T.Kochiyama, Y.Takahashi, S.Sawada, K.Fujiyama, H.Kim, Y.Tanaka, M.Noma, T.Suzuki and T.Shoichi
Total Pages
335(261-283)
Publisher
Springer
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