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Identifier to cite or link to this item: https://doi.org/10.15057/28214
Identifier to cite or link to this item: https://hdl.handle.net/10086/28214

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Title
WHAT EXPLAINS WIDENING PROFITABILITY DISPERSION AROUND THE WORLD?
Creator
Creator Name
NAKANO, MAKOTO NAKANO, MAKOTO
中野, 誠 中野, 誠
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
AOKI, YASUHARU AOKI, YASUHARU
Affiliation
Affiliation Name
Seijo University
Key Word
profitability dispersion
earnings management
small firms
JEL
M41
Abstract
This study explores the fundamentals of profitability dispersion across ten countries between 1982 and 2007. Profitability dispersion level and its time-series behavior vary by year and by country. Both accounting and economic factors cause this phenomenon. Using aggregate data, we report evidence that the dispersion is significantly related to income smoothing, discretion in reported earnings, the presence of small firms, and macro firm performance. The presented results are almost robust to the definition of profitability dispersion and differences of legal system. Our research contributes to the literature on international differences in earnings properties.
Publisher
Hitotsubashi University
Issued Date
2016-10
Language
English(eng)
Resource Type
departmental bulletin paper
Version Type
VoR
selfDOI
10.15057/28214
ISSN
0018-2796
NCID
AA00207536
Source Title
Hitotsubashi journal of commerce and management
Volume Number
50
Issue Number
1
Page Start
23
Page End
46
Appears in Collections
Vol. 50, no. 1 (Oct. 2016)
URL
https://hdl.handle.net/10086/28214