The empirical evaluation of financial reporting quality in the context of accelerating convergence between Japanese GAAP and International Financial Reporting Standards (IFRS)

近年来，日本《公认会计原则》与《国际财务报告准则》的趋同进展迅速。另一方面，不断变化的盈余属性使得投资者难以预测未来的盈余，这是评估公司价值的必要过程。我们实证研究了各种会计信息，如库存水平，资本投资，现金流量信息，融资活动，非常损失，账面税收差异，持续经营意见，订单积压，和股息政策，帮助投资者预测未来的业绩。本文的研究结果对改善投资者的投资决策，促进日本证券市场的健康发展具有一定的参考价值。

The convergence between Japanese GAAP and International Financial Reporting Standards (IFRS) has progressed rapidly in recent years. On the other hand, changing earnings attributes make investors difficult to predict future earnings, which is the necessary process for evaluating firm value. We empirically examine how various accounting information such as inventory level, capital investments, cash flow information, financing activities, extraordinary losses, book-tax differences, going concern opinion, order backlog, and dividend policy help investors to predict future performance. We then obtain many valuable results, which improve investors' decision-making, and contribute to the sound development of Japanese security markets.