Abstract
This paper investigates the association between institutional ownership structures and the quality of earnings information via changes in earnings response coefficients for a sample of Japanese firms during 1990-1998. From these results we can predict that the greater the percentage of institutional shareholders in Japan, the better the quality of earnings information and the higher the foreign ownership; the quality of earnings information is better during Japan’s recession period of 1990-1998. However, keiretsu membership percentage is not important for the quality of earnings information in Japan even though firm size, leverage ratio, and growth are important factors in earnings information in Japan.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
