Research on Corporate Governance, Strategies, and Performance Evaluation

本研究课题的目的在于明确日本公司的所有权结构与盈余管理之间的关系。在研究的理论部分，我们考虑了三种类型的企业，即。由许多不同的股东拥有的公司（基准型）、银行管理型和相互控股型。研究发现，其中，互持型基金最倾向于进行盈余管理，基准型基金最不倾向于进行盈余管理。这些结果也得到了实证检验的支持。

The purpose of this research project in the fiscal year is to make clear the relationship between the structure of ownership and earnings management in Japan. In the theoretical part of the research, we considered three types of firm, ie. a firm owned by many diversified stock holders (benchmark type), bank-governed type, and mutual holding type. We find that, among these, the mutual holding type is the most inclined to do earnings management, and the benchmark type is the least. These results are also supported by the empirical tests.