Accounting Information and Value-from the perspective of Earnings Management and Capital Market

本研究探讨会计资讯与价值的关系。首先，我发现独立董事与公司价值呈正相关。其次，我发现被许多分析师跟踪的公司通过控制异常应计利润来减少收益。第三，实证结果表明，日本企业比其他国家的企业更具短视性。

This research examines the relation between accounting information and value. First, I find that independent board directors are related to firm value positively. Second, I find that firms that followed by many analysts decrease earnings by controlling abnormal accrual. Third, the empirical results suggest that Japanese firms are more myopic than firms in other countries.