経営者の在任期間と目標利益達成を意図した利益調整, Top Executive Tenure and Earnings Management to Meet Earnings Target

惣平 石田, Souhei Ishida, 豊彦 蜂谷 and Toyohiko Hachiya

No 197, Working Paper Series from Center for Japanese Business Studies (HJBS), Graduate School of Commerce and Management Hitotsubashi University

Abstract: 本研究の目的は，経営者の在任期間と目標利益達成を意図した利益調整との関係を検証することにある。分析の結果，在任期間が短い経営者ほど目標利益達成を意図した利益調整を行うことが明らかとなっている。また，内部昇進の経営者よりも企業外部から雇われた経営者の方が，在任期間と目標利益達成を意図した利益調整との関係が強くなることを発見している。, Focusing on positive and increasing earnings as earnings target, this research examines the relation between top executive tenure and earnings management to meet earnings target. We find that the probability that top executives manage earnings to report positive or increasing earnings is higher in the early years of their service than in the later years. In addition, we find that the negative relation between top executive tenure and earnings management to meet earnings target is concentrated in the sample of top executive appointed from outside the firm.

Keywords: 経営者の在任期間; 利益調整; 目標利益; 株主からの評価; 経営能力; Top Executive Tenure; Earnings Management; Earnings Target; External Reputation; Managerial Ability (search for similar items in EconPapers)
Date: 2018-09
Note: May 2015, Revised in September 2018, 『経営財務研究』第39巻第1.2合併号（2019年12月）に掲載のため、論文データ（PDF）を取り下げ。[2019/12/18], Withdrawn due to publication. [Dec. 18, 2019]
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