Under present financial accounting standards, in Japan and in U. S, the firms can choose the pension discount rate, that is used only for earnings measurement, at their discretion. This paper investigates, first, what factors affect the choice of the pension discount rate. The sample firms in...

The purpose of this paper is to investigate the value relevance of earnings by two steps. First, we identify the factors that introduce transitory earnings into the reported earnings. Next, we reexamine the value relevance of earnings by controlling those factors. In first step, we investigate...

The main purpose of this research is to investigate the rationality of current form of income measurement and reporting in Japan. In this paper, net income is divided into three components: 1) operating profits, 2) gains and losses from non-core operating activities and financial activities, and...

This paper investigates, by industry and by period, the value relevance of earnings of industrial firms in Japan. The richness of its relevance is determined by the closeness of relation between expected permanent earnings of a firm and reported earnings, i.e. the persistence of earnings. The...

This paper investigates the value relevance of accounting earnings, with testing empirically the association between stock price levels and earnings of industrial firms in Japan. This research provides major five results as follows. First, we find the serious industry effect. The coefficients on...

This paper reviews the literature on bankruptcy analysis, focusing on the association (the logical linkage) between hazard model and going-concern opinion. Hazard model is a technique that can test the relative impact on the bankruptcy risk of a particular factor, but not a technique that...

Two fictions are used in measuring accounting pension expenses. First, the periodical pension expenses are, not the results of allocation of firm's contributions, but the sum of the allocated costs of pension benefits to the employee and the realized returns (deduction from pension expenses)...

This paper investigates on the effects of economic recession in 2008 after the "financial crisis" with Firm - Level Data (non-financial sector) from the "Corporate Enterprise Annually Statistics" from 1994 to 2008. The purpose of this research is to investigate the impact of the shock on the...

Under present financial accounting standards, in Japan and in U.S., firms can choose pension discount rates, which they use for earnings measurement, at their discretion. First, this paper investigates, what factors affect their choice of pension discount rates. The sample firms in this paper...