SHIMADA Yoshinori
| Business Administration | Associate Professor |
| Economics | |
Performance information
■ Research projects会計基準設定過程における企業の政治的活動および会計行動に関する実証的研究
Apr. 2024 - Mar. 2028
Grant amount(Total)：3900000, Direct funding：3000000, Indirect funding：900000
Grant number：24K05198
企業と政治の関わりが財務報告に及ぼす影響とその経済的帰結に関する実証研究
Apr. 2021 - Mar. 2024
Grant amount(Total)：3640000, Direct funding：2800000, Indirect funding：840000
Grant number：21K01778
Empirical Research on an Association between the Quality of Investment Forecasts and Corporate Governance
Japan Society for the Promotion of Science, Grants-in-Aid for Scientific Research, Grant-in-Aid for Young Scientists (B), Apr. 2016 - Mar. 2022
Shimada Yoshinori
Grant amount(Total)：3900000, Direct funding：3000000, Indirect funding：900000
This research project aims to examine the economic roles of investment forecasts issued by managers. The followings are revealed in this research project. First, firms that issue management investment forecasts can enjoy a lower implied cost of capital than firms that do not. Second, the institutional ownership improves the quality of management investment forecasts, whereas the board ownership declines that. Finally, firms with the higher quality management investment forecasts carry out investment projects more efficiently.
Grant number：16K17204
An Empirical Study on the Usefulness of Investment Forecasts
Japan Society for the Promotion of Science, Grants-in-Aid for Scientific Research, Grant-in-Aid for Research Activity Start-up, Aug. 2014 - Mar. 2016
SHIMADA Yoshinori, Iwate University
Grant amount(Total)：2340000, Direct funding：1800000, Indirect funding：540000
This study focuses on investment forecast information. I empirically examine (1) the value-relevance of investment forecasts, (2)the disclosure effect of investment forecasts, and (3) the association between the quality of investment forecasts and its economic consequences.
Empirical analyses show the following results. (1) The future change in investment forecasts is positively related to the stock prices and investment forecast information is value-relevant. (2) Firms initiating investment forecast disclosure can enjoy a lower cost of equity capital than firms that do not disclose. (3) For firms with characteristics to enhance the reliability of future investment, investment forecasts are more value-relevant, and high-quality of investment forecasts are negatively related to the cost of equity capital when the corporate governance system is likely to be poorly built.
Grant number：26885004
IFRS導入と会計利益の質に関する実証的研究
Apr. 2012 - Mar. 2014
Grant amount(Total)：2200000, Direct funding：2200000
Grant number：12J06029
自己株式を利用した企業の資本政策および財務報告制度に関する理論的・実証的研究
Apr. 2009 - Mar. 2012
Grant amount(Total)：1200000, Direct funding：1200000
Grant number：09J04599
自社株買いと会計情報
2012
