2015 Fiscal Year Final Research Report
The effect of corporate governance on financial accounting information
| Project/Area Number |
25780299
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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 | Kansai University |
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Principal Investigator |
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| Project Period (FY) |
2013-04-01 – 2016-03-31
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| Keywords | コーポレート・ガバナンス / 会計学 / 財務会計 / 取締役 / 外国人投資家 |
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| Outline of Final Research Achievements |
This study examines the effect of corporate governance on financial accounting information. In particular, it examines the effects of foreign ownership on a monitoring mechanism (board independence), a monitoring outcome (earnings management), and firm value, for a sample of Japanese firms. The results shows that (1) significantly positive associated with the appointment of independent directors, (2) significantly negative associated with both accrual and real earnings management, and (3) significantly positive associated with firm value. The results suggests that foreign investors enhance monitoring, reduce agency costs, and enhance value.
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| Free Research Field |
会計学
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