著者

加藤 大智 早川 翔 濵村 純平

出版者

桃山学院大学総合研究所

雑誌

桃山学院大学経済経営論集 = ST.ANDREW'S UNIVERSITY ECONOMIC AND BUSINESS REVIEW (ISSN:02869721)

巻号頁・発行日

vol.61, no.1, pp.17-35, 2019-07-26

---

In this study, we investigate cost behavior in management forecasts,which is calculated by subtracting operating income from sales, usingarchived Japanese data. Based on Yasukata (2013)─a Japanese study oncost stickiness in management forecast errors─we analyze the relationbetween cost and sales in management forecasts. From the result, we findthat cost forecasts in Japanese firms have an anti-sticky behavior. Thissuggests that managers manipulate their operating cost in the financialreport to create an optimistic management forecast, when they anticipate adecrease in sales in the next accounting period.