We empirically examine firms’ myopic behaviors of inflating current earnings at the expense of long-term earnings by comparing Japanese listed with unlisted firms. We find that listed firms are more likely to engage in earnings management than unlisted firms. We also find that firms are more...

We empirically investigate the adoption of stock option plans in Japan after the corporate governance reforms of the early 2000s. We examine the determinants of stock option grants, especially focusing on the effects of herding behavior among Japanese firms and the change of accounting treatment...

In applying International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS), a disclosure system that consists of four complementary subsystems such as financial information, nonfinancial information, internal control, and auditing subsystems should be designed to...

The objective of this research is to examine the benefits and costs of quarterly disclosures and to accumulate empirical evidence for improving them. In particular, this research focuses on the information usefulness of quarterly disclosures, earnings management in the quarterly financial...