This study investigates the relationship between firms' business strategy and intra-industry information transfers associated with earnings announcements. Based on Bentley et al. (2013), I classify business strategy into three types (defender, prospector, and analyzer) and investigate whether the similarity and the type of business strategy pursued by the first- and lateannouncers affects the magnitude of intra-industry information transfers. I find that intra-industry information transfers are stronger when the first- and late- announcer pursue the same type of business strategies. I also find that even if the first- and late- announcer’s business strategies are the same type, information transfers are not observed when both pursue the innovation-oriented prospector strategy. This study contributes to the literature by providing new evidence regarding the determinants of intra-industry information transfers associated with earnings announcements.

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　Management control is one of the crucial issues for management accounting research in Japan.However, little is known about the whole picture of management control research. In this paper, we investigate research trends around management control in Japanese academic field. By using a bibliographic method (i.e., citation analysis) to Japanese major accounting journals from 1965 to 2015, we obtain insights from prior studies and offer directions for future research in Japan.

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　The purpose of this study is to clarify the characteristics of cost information utilized for cost management. We based on the framework of cost information quality was used to enable comprehensive and systematic measurement of characteristics required for cost information. Moreover, we conducted a questionnaire survey for managers in factories. As a result, we clarified that the representation and context quality dimensions have priority over the inherent quality dimension including accuracy, and the inherent quality dimension is a necessary but not sufficient condition.

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　Given the business model and risk management practice in banks, investor may use the net fair value of loan and deposit as risk measure of interest rate fluctuation against the future profit. As a result of analysis, estimated coefficient of net value was statistically significant（ negative） and net value has an additional information value. Also, cross term coefficient of net value and hedge accounting was statistically significant （positive）. The reason for the sign of coefficient is that investors consider current net value will affect the negative impact to the future profit in case of increasing the interest rate because of the business model of loan and deposit and application of hedge accounting reduce the its effect. On the other hand, estimated coefficient of other securities was statistically significant（ positive）. It is suggested investors evaluate the fair value of financial products depending on the purpose of holding.

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　This study examines the relation between top executive tenure and management forecast accuracy using a sample of Japanese listed firms for the period 2005-2013. I find that top executive tenure exhibits a U-shaped relation with management forecast error. Furthermore, the U-shaped relation with management forecast error varies with different levels of (1) top executive’s age, and (2) corporate governance quality. These results are consistent with the interpretation that top executive’s on-the-job learning improves management forecast accuracy up to a threshold, at which point top executive’s entrenchment dominates and management forecast accuracy worsens.

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　Previous studies show that the level of management accounting practices has a positive impact on the performance of small and medium-sized enterprises (SMEs). However, why do not all SME managers implement management accounting practices at a high level? This study focuses on the lack of aspiration that managers are satisfied with or ignore current financial performance because it is above the level of aspiration. We hypothesize that SME managers with such the lack of aspiration do not take any additional improvements including more use of management accounting practices. As a result of our empirical analysis by using the data of 483 SMEs obtained from local accounting firms, we find evidence that manager’s lack of aspiration is negatively related to the level of management accounting practices. The evidence contributes to previous management accounting research by providing the first evidence of a new barrier effect that does not increase the level of management accounting practices.

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