An empirical analysis on earnings management of unlisted firms

非上市公司盈余管理实证分析

• 批准号: 22730354
• 负责人: SHUTO Akinobu
• 金额: $ 2.41万
• 依托单位: Kobe University
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Young Scientists (B)
• 财政年份: 2010
• 资助国家: 日本
• 起止时间: 2010 至 2012
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-22730354/
• 关键词: 非上場企業; 利益調整; 会計学; 税コスト; 金融機関; 損失回避

Previous studies have shown that, compared with earnings distributions in other countries, there are clear discontinuities at zero in the distribution of earnings levels in Japanese firms (Thomas et al. 2004; Suda and Shuto 2007; Shuto 2009). We predict that two unique institutional factors in Japan . (1) the alignment between financial and tax accounting, and (2) the tight relationship between firms and their banks . cause the discontinuities in earnings distribution. Consistent with this prediction, we find that firms with high marginal tax rates and tight relationships with their banks are more likely to manage earnings to report slightly positive earnings. We also find that this relationship is more pervasive for private firms than public firms. We contribute to the literature by examining a significant research setting that has features of both institutional factors and loss-avoidance behaviors to enable deeper consideration during hypothesis development.

先前的研究表明，与其他国家的收益分配相比，日本公司的收益水平分布在零处存在明显的不连续性（Thomas et al. 2004; Suda and Shuto 2007; Shuto 2009）。我们预测日本有两个独特的制度因素。(1)财务会计和税务会计之间的一致性，以及(2)公司与银行之间的紧密关系。造成收益分配的不连续性。与这一预测一致，我们发现边际税率高且与银行关系密切的公司更有可能管理收益，报告略为正的收益。我们还发现，与上市公司相比，这种关系在私营公司中更为普遍。我们通过研究一个具有制度因素和避免损失行为特征的重要研究环境来贡献文献，以便在假设发展过程中进行更深入的考虑。

项目成果

The Effect of Institutional Factors on Discontinuities in Earnings Distribution Public Versus Private Firms in Japan

制度因素对日本公营企业与私营企业收益分配不连续性的影响

• DOI: 10.1177/0148558x14544504
• 发表时间: 2015
• 期刊: Journal of Accounting, Auditing & Finance
• 作者: 小野慎一郎・桜井久勝;Akinobu Shuto and Takuya Iwasaki
• 通讯作者: Akinobu Shuto and Takuya Iwasaki

保守主義会計と経営者報酬の支給

稳健会计与管理薪酬支付

• 发表时间: 2011
• 作者: 高橋美穂子・大橋良生;Mioko TAKAHASHI;Mioko Takahashi and Yoshitaka Ohashi;高橋美穂子・大橋良生;首藤昭信;首藤昭信;Akinobu Shuto and Takuya Iwasaki;Akinobu Shuto;首藤昭信;Akinobu Shuto;Akinobu Shuto;首藤昭信・岩崎拓也;首藤昭信
• 通讯作者: 首藤昭信

ビッグ・バスの目的と効果

大贝斯的用途和效果

• 发表时间: 2013
• 期刊: 企業会計
• 作者: 高橋美穂子・大橋良生;Mioko TAKAHASHI;Mioko Takahashi and Yoshitaka Ohashi;高橋美穂子・大橋良生;首藤昭信
• 通讯作者: 首藤昭信

The effect of managerial ownership on the cost of debt : Evidence from Japan (with Norio KITAGAWA)

管理层所有权对债务成本的影响：来自日本的证据（与北川则夫合作）

• DOI: 10.1177/0148558x11401553
• 发表时间: 2011
• 期刊: Journal of Accounting Auditing and Finance
• 影响因子: 1.4
• 作者: 高橋美穂子・大橋良生;Mioko TAKAHASHI;Mioko Takahashi and Yoshitaka Ohashi;高橋美穂子・大橋良生;首藤昭信;首藤昭信;Akinobu Shuto and Takuya Iwasaki;Akinobu Shuto
• 通讯作者: Akinobu Shuto

Managerial wnership and Accounting Conservatism : A test of management entrenchment effect," (with Tomomi TAKADA)

管理层所有权与会计稳健性：管理巩固效应的检验”（与 Tomomi TAKADA 合作）

• 发表时间: 2010
• 期刊: Journal of Business Finance and Accounting
• 影响因子: 2.9
• 作者: 高橋美穂子・大橋良生;Mioko TAKAHASHI;Mioko Takahashi and Yoshitaka Ohashi;高橋美穂子・大橋良生;首藤昭信;首藤昭信;Akinobu Shuto and Takuya Iwasaki;Akinobu Shuto;首藤昭信;Akinobu Shuto
• 通讯作者: Akinobu Shuto