Japanese Accounting Review最新文献

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The Effect of Bank Loan Dependence on Management and Analyst Forecasts 银行贷款依赖对管理和分析师预测的影响
Japanese Accounting Review Pub Date : 2019-01-01 DOI: 10.11640/TJAR.9.2019.01
Saori Nara, Mikiharu Noma
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引用次数: 0
Evaluation of Managerial Ability in the Japanese Setting 日本环境下的管理能力评价
Japanese Accounting Review Pub Date : 2018-12-31 DOI: 10.11640/TJAR.8.2018.01
Hsihui Chang, Souhei Ishida, Takuma Kochiyama
{"title":"Evaluation of Managerial Ability in the Japanese Setting","authors":"Hsihui Chang, Souhei Ishida, Takuma Kochiyama","doi":"10.11640/TJAR.8.2018.01","DOIUrl":"https://doi.org/10.11640/TJAR.8.2018.01","url":null,"abstract":"Following Demerjian, Lev, and McVay (2012), we quantify managerial ability using a sample of Japanese listed firms for the period 2005-2015. Consistent with their findings, we find that the estimated managerial ability is strongly correlated with manager fixed effects. Further, we find that the managerial ability is economically and significantly associated with the stock price reactions to CEO turnovers and changes in future return on assets following CEO turnovers. Our results are robust to alternative specifi ations of DEA models and inputs used in the estimation of firm efficiency. We contribute to the literature by generalizing the validity of the managerial ability introduced by Demerjian, Lev, and McVay (2012) to a non-US setting.","PeriodicalId":40797,"journal":{"name":"Japanese Accounting Review","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.11640/TJAR.8.2018.01","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48894246","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
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