@article{oai:nagoya.repo.nii.ac.jp:00014375, author = {向, 伊知郎 and MUKAI, Ichiro}, issue = {4}, journal = {経済科学}, month = {Mar}, note = {The purposes of this paper are to examine whether the adoption of the IFRSs in Japan increases earnings quality and value relevance of consolidated financial reporting, and to find the relationship between earnings quality and value relevance. I focus on consolidated financial data of Japanese listed companies. Earnings quality is analyzed from the accruals quality. Value relevance is analyzed from two points of view. First, I use the Abnormal Earnings Model and the Cash Flow Model and measure the business valuation of the samples. Second I use the Return Model and find the relationship between the price-returns and consolidated income information. The results of our tests show that the high quality of the income information causes an increase of business valuation, however the earnings quality of Japanese listed companies does not increase in spite of developing international convergence of Japanese accounting standards and the earnings quality does not influence on the business valuation.}, pages = {37--53}, title = {連結財務情報の利益の質と価値関連性 : 日本の会計基準のIFRSsへの収斂の中で}, volume = {59}, year = {2012} }