ADAPTION OF INTERNATIONAL ACCOUNTING STANDARD AND EXPERIMENTAL STUDY OF EARNINGS-RETURNS

国际会计准则的采用与收益回报的实验研究

基本信息

批准号：
14530167
负责人：
HAYASHI Kenji
金额：
$ 0.9万
依托单位：
TOYAMA UNIVERSITY
依托单位国家：
日本
项目类别：
Grant-in-Aid for Scientific Research (C)
财政年份：
2002
资助国家：
日本
起止时间：
2002 至 2003
项目状态：
已结题

来源：
https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-14530167/
关键词：
US GAAP IFRS FORM 20-F RECONCILIATION ANALYST FORECAST VALUE-RELEVANCE LIQUIDITY OF MARKET ACCOUNTING DIVERSITY Form 20-F 情報の非対称性国際会計基準外国上場比較可能性指標のれん

项目摘要

This study Involves the Securities and Exchange Commission's(SEC) Financial Reporting Requirements for Foreign Firms, the Necessity of Providing a Quantitative Reconciliation to U.S.GAAP(Form 20-F). The Results of Earnings-Returns Research Indicate that the Release of Foreign GAAP Provides Important Information. But the Results of Earnings-Returns Research Using Recociled Information are Mixed. Insead of Earnings-Returns Research Methodology, This Study Utilize Analysts' Revisions as a Market Indicator of the Effect of Information Released in Foreign GAAP and the Reconciled Information in Form 20-F.Hypothesis 1 : The Abnormal Revision around the Time of Filings Form 20-F Increases with the Divergence of US GAAP Earnings and Foreign GAAP Earnings. I expect that There is a Direct Relationship between Analyst Following and the Amount of Information Disclosed by a Firm. Hypothesis 2 : The Abnormal Revision around the Time of Filings Form 20-F Decreases with the Number of Analyst Following the Firm. A High Level of Dispersion in Earnings Forecast Implies Disagreement amoung Forecasts. Thus It is Hypothesissed. Hypothesis 3 : The Abnormal Revision around the Time of Filings Form 20-F Increases with the Amount of Dispersion of Analyst' Expectation. Samples Consist of Non-US Firms(UK, GERMANY, FRANCE, NETHERLAND, ITALY Firms) on the New York Stock Exchanges. The source of data for the period prior to filings Form 20-F is Institutional Brokers Estimate System(I/B/E/S)International Databases.

这项研究涉及对外国公司的证券交易委员会（SEC）的财务报告要求，这是对美国Gaap（表格20-F）进行定量对帐的必要性。收益回收研究的结果表明，外国GAAP的释放提供了重要信息。但是，使用重新定论信息的收益回收研究结果混合在一起。本研究的收益回报研究方法论，利用分析师的修订作为市场指标，表明外国公认会计师中发布的信息的效果以及表格20-f.hypothesis 1：档案表格20时的异常修订。 -F随着美国GAAP收益和外国GAAP收益的分歧而增加。我希望分析师关注者与公司披露的信息量之间存在直接关系。假设2：随着公司之后的分析师数量，备案时间左右的异常修订会减少。收益预测的高度分散意味着分歧预测。因此，它是假设的。假设3：随着分析师期望的分散量，提交时间为20-F的时间的异常修订会增加。样品由纽约证券交易所的非美国公司（英国，德国，法国，荷兰，意大利公司）组成。备案之前的数据源20-F是机构经纪人估算系统（I/B/E/S）国际数据库。