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Identifier to cite or link to this item: https://doi.org/10.15057/30974
Identifier to cite or link to this item: https://hdl.handle.net/10086/30974

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Title
The Value and Credit Relevance of IFRS versus JGAAP Accounting Information
Creator
Creator Name
Kim, Jonghoon Kim, Jonghoon
金, 鐘勲 金, 鐘勲
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
Koga, Yuya Koga, Yuya
Affiliation
Affiliation Name
Tohoku Gakuin University
Key Word
IFRS
Voluntary Adoption
Japanese Firms
Value Relevance
Credit Relevance
Abstract
This paper examines which accounting information -one is accounting information based on Japanese GAAP (JGAAP) and the other is those based on IFRS- better explains total market capitalizations of firms' common stock and credit ratings issued by credit-rating agencies. Our results are as follows. First, both the value and credit rating relevance of IFRS-based net income measures are significantly lower than those based on JGAAP. Second, IFRS-based net income measures incrementally lower the credit rating relevance of accounting information. These results suggest that both the value and credit rating relevance of net income information of Japanese firms could become impaired by the adoption of IFRS.
Publisher
Hitotsubashi University
Issued Date
2020-02
Language
English(eng)
Resource Type
departmental bulletin paper
Version Type
VoR
selfDOI
10.15057/30974
ISSN
0018-2796
NCID
AA00207536
Source Title
Hitotsubashi Journal of Commerce and Management
Volume Number
53
Issue Number
1
Page Start
31
Page End
48
Appears in Collections
Vol. 53, no. 1 (Feb. 2020)
URL
https://hdl.handle.net/10086/30974