The purpose of this paper is to confirm how international academicians evaluate the Japanese accounting system. This paper surveys prior studies on the international comparison (including Japan) of accounting information and reexamines the empirical findings on the usefulness of earnings information in Japan, focusing on the value relevance of earnings. Many researchers have pointed out that code law, investor protection in financial regulation environments and Japanese corporate governance, for example Keiretsu and main-bank, provide negative effects on the value relevance of earnings. At present, that image seems to be a stereotype in the world. However, the causal relation between each factor and the information value of earnings is not clear yet. Moreover, many other studies show the empirical evidence that denies such a stereotype. This survey paper clarifies the unresolved problems in prior studies and gives further research issues and implications.
内容記述
本文フィルはリンク先を参照のこと
雑誌名
Discussion paper series. CIRJE-J
巻
CIRJE-J-177
発行年
2007-05
書誌レコードID
AA11451834
フォーマット
application/pdf
日本十進分類法
330
出版者
日本経済国際共同センター
出版者別名
Center for International Research on the Japanese Economy
日本企業の利益情報の価値関連性 : サーベイ：世界から見た日本
