Download or read book Japanese Corporate Groupings Keiretsu and the Informativeness of Earnings written by Edward B. Douthett and published by . This book was released on 2004 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effect of Japanese corporate groupings, keiretsu, on the informativeness of earnings. Keiretsu firms maintain close financial and personal ties through cross-shareholding, credit holding, interlocking corporate directorates, and various business transactions. We propose that the strong interrelations of the keiretsu ownership structure enhance the informativeness of earnings through efficient monitoring of managerial performance. Our empirical results show that keiretsu firms have higher earnings response coefficients than those of non-keiretsu firms, the earnings response coefficient increases as the strength of the keiretsu relationship increases, and discretionary accruals by keiretsu firms are smaller than discretionary accruals of non-keiretsu firms. All of these results suggest that the monitoring ability of the keiretsu improves the informativeness of earnings.
Download or read book Japanese Corporate Groupings Keiretsu and the Characteristics of Analysts Forecasts written by Edward B. Douthett and published by . This book was released on 2007 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines differences in the characteristics of analysts' forecasts of earnings for keiretsu and non-keiretsu firms in Japan. Japanese industrial organization is characterized by enterprise groupings, keiretsu, composed of firms in different industries, but interrelated through cross-holdings of ownership. The strong interrelations of the Japanese keiretsu have been shown to increase the monitoring of managerial performance. An alternative view of keiretsu stewardship suggests the exclusionary environment within a keiretsu creates an information monopoly, resulting in greater information asymmetry between inside and outside constituents. These two views provide opposing predictions on how keiretsu groupings potentially affect the characteristics of earnings forecasts made by analysts: increased monitoring will improve the forecast characteristics of earnings, while the opposite is true under an information monopoly. Our results suggest that forecast accuracy (dispersion) is higher (lower) for keiretsu firms than non-keiretsu firms, supporting a monitoring role by keiretsu. The results also show that keiretsu firms' forecast characteristics are related to the strength of the keiretsu relationship, providing further evidence that it is indeed the keiretsu relationship that increases the monitoring of management, which ultimately improves the accuracy and dispersion of analysts' forecast.
Download or read book Japan s Corporate Groups written by David E. Weinstein and published by . This book was released on 1993 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Keiretsu written by Kenichi Miyashita and published by McGraw-Hill Companies. This book was released on 1994 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Their unbiased, readable investigation delivers a wealth of information about the system as a whole, its individual members, and the intricate web of relationships that links banks, manufacturers, suppliers, distributors, and the Japanese government.
Download or read book Ibss Economics 2001 written by Compiled by the British Library of Political and Economic Science and published by Psychology Press. This book was released on 2002-12 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt: IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
Download or read book The Financial Behavior of Japanese Corporations written by Robert J. Ballon and published by Kodansha. This book was released on 1988 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Japanese Corporate Groups and Imports written by Daniel Citrin and published by . This book was released on 1992 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Advances in International Accounting written by J. Timothy Sale and published by Elsevier. This book was released on 2003-09-30 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a refereed, academic research annual, devoted to publishing articles about advancements in the development of accounting and its related disciplines from an international perspective. This serial examines how these developments affect the financial reporting and disclosure practices, taxation, management accounting practices, and auditing of multinational corporations, as well as their effect on the education of professional accountants worldwide.
Download or read book Ebook International Accounting written by Timothy Doupnik and published by McGraw Hill. This book was released on 2014-10-16 with total page 802 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fourth Edition of International Accounting provides an overview of the broadly defined area of international accounting, but also focuses on the accounting issues related to international business activities and foreign operations. This edition also includes substantially updated coverage of the International Accounting Standards Board (IASB) and International Financial Reporting Standards (IFRS). The unique benefits of this textbook include its up-to-date coverage of relevant material, extensive numerical examples provided in most chapters, two chapters devoted to the application of International Financial Reporting Standards (IFRS), and coverage of nontraditional but important topics such as strategic accounting issues of multinational companies, international corporate governance, and corporate social responsibility reporting.
Download or read book Financial Reporting in Japan written by Robert J. Ballon and published by Kodansha. This book was released on 1976 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on the Evolution and Behavior of the Japanese Corporate Groups written by Yishay Yafeh and published by . This book was released on 1993 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Strategic Logic of Japanese Keiretsu Main Banks and Cross shareholdings Revisited written by Ulrike Schaede and published by . This book was released on 2006 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Developments in Country Studies in International Accounting written by Gary K. Meek and published by Edward Elgar Publishing. This book was released on 2004 with total page 724 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twenty-eight articles reprinted in facsimile from journals such as Accounting Review and Accounting Horizons consider the relationships between accounting regulation and policy choice, with specific studies of the United Sates, Canada, Mexico, China, Japan, and other Asian countries. Covering the pe
Download or read book Cases on International Business and Finance in Japanese Corporations written by Mitsuru Misawa and published by World Scientific Publishing Company. This book was released on 2015 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: While globalization of the Japanese economy has been advancing with astounding speed, significant differences remain between the management philosophy and techniques used within Japanese companies and those used in the West. These include the significant differences in the use of capital budgeting techniques, economic and political assessment of projects, decision-making styles, and techniques of corporate governance. Furthermore, Keiretsu (interlocking shareholdings) still plays an important role in the financing of companies in Japan. Such differences have a momentous impact on decision-making processes within companies. This case book illustrates many of the key differences that exist in the realm of corporate governance and finance. As one of the very few casebooks written in English on Japanese corporations, this book offers valuable insights into Japan's unique business culture.
Download or read book Japan Inc written by Max Eli and published by . This book was released on 1990 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of Japanese economic conglomerates - industrial, trading and financial groups which dominate the Japanese economy and the global strategies they use to penetrate international markets.
Download or read book Japan s Corporate Groups Collusive Or Competitive written by David E. Weinstein and published by . This book was released on 1993 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Journal of Accounting written by and published by . This book was released on 2003 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt:
