兼松セミナー(TJAR Workshop共催) Kanematsu Seminar (Jointly supported by TJAR Workshop)

日時 2011年7月2日(土)午後2時00分から
会場 神戸大学経済経営研究所 会議室(研究所新館2階)
対象 教員、院生、および同等の知識をお持ちの方
使用言語 日本語
備考 論文のコピーは共同研究推進室にご用意しております。

2:00pm~3:45pm

報告者 山田 哲弘
所属 名古屋市立大学大学院経済学研究科博士後期課程
論題 報告利益と課税所得の関係が利益調整行動に与える影響
概要 This paper investigates "book-tax conforming earnings management" that have current taxable income consequences and "book-tax nonconforming earnings management" that do not have current taxable income consequences by using Japanese individual financial data. To examine these earnings management activities and these relationships, I classify discretionary accruals in discretionary book tax accruals (DBTA) and discretionary book only accruals (DBOA) by connection with tax accounting rules. As results of investigation, I find the following things. (1) Firms use DBTA to minimize tax costs. On the other hand, (2) firms use DBTA and DBOA to beat benchmarks. Moreover, (3) in firms that are suspected to earnings upward, there is a negative correlation between DBTA and DBOA. Although the Japanese accounting system is closely linked to tax assessment, these results suggest that Japanese firms distinguish DBTA from DBOA, and that they use in combination DBTA and DBOA.

4:00pm~4:50pm

報告者 高須 悠介
所属 一橋大学大学院商学研究科博士前期課程
論題 利益平準化と利益の質-経営者意識の視点から-(前半パート)
概要 This study analyzes the quality of smoothed earnings from three perspectives: persistence, dividends stability, and earnings predictability. These three attributes were the foci of this study, based on Japanese managers' responses to questions regarding their motivation for income smoothing. This paper provides three new pieces of evidence. First, income smoothing in the previous period relates positively to future earnings persistence. Second, higher-smoothing firms will tend to pay stable dividends in the future, even when fundamental factors and corporate governance factors are under control. Third, there is a positive relation between income smoothing and the accuracy of earnings forecasts. Income smoothing acts a vehicle by which managers can reveal private information about future earnings. Overall, the evidence rendered by the current study shows that a manager's intention vis-à-vis income smoothing is achieved, and earnings quality is improved in terms of persistence, dividends stability, and predictability.

4:55pm~5:45pm

報告者 中野 誠
所属 一橋大学大学院商学研究科
論題 利益平準化と利益の質-経営者意識の視点から-(後半パート)
概要 This study analyzes the quality of smoothed earnings from three perspectives: persistence, dividends stability, and earnings predictability. These three attributes were the foci of this study, based on Japanese managers' responses to questions regarding their motivation for income smoothing. This paper provides three new pieces of evidence. First, income smoothing in the previous period relates positively to future earnings persistence. Second, higher-smoothing firms will tend to pay stable dividends in the future, even when fundamental factors and corporate governance factors are under control. Third, there is a positive relation between income smoothing and the accuracy of earnings forecasts. Income smoothing acts a vehicle by which managers can reveal private information about future earnings. Overall, the evidence rendered by the current study shows that a manager's intention vis-à-vis income smoothing is achieved, and earnings quality is improved in terms of persistence, dividends stability, and predictability.