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RIEB, Kobe University Site Map Access 日本語 Home Research & Education Publications RIEB Discussion Paper Series (English) RIEB Discussion Paper Series No.2018-12 RIEB Discussion Paper Series No.2018-12 Title Effects of Corporate Governance on the Relationship between Accounting Quality and Trade Credit: Evidence from Japan Abstract This study investigates the effects of shareholdings on the relationship between accounting quality and trade credit in Japan. It focuses on cross-sectional and stable shareholdings, which are well-known features of Japanese corporate governance, as a private information-sharing system. The relationships among cross- and stable shareholdings, accounting quality, and trade credit are tested. The results indicate that the trade credit of customers without either cross- or stable shareholdings increases with accounting quality, and in most cases, such shareholdings weaken the relationship between accounting quality and trade credit. These findings suggest that close ties to cross- and stable shareholders reduce the importance of accounting information through sharing private information. Keywords Accounting quality; Cross-shareholdings; Stable shareholdings; Trade credit JEL Classification G34, M41 Inquiries Masahiro ENOMOTO Research Institute for Economics and Business Administration, Kobe University Rokkodai-cho, Nada-ku, Kobe 657-8501 Japan Phone: +81-78-803-7036 FAX: +81-78-803-7059 About RIEB Faculty Seminars at RIEB Research & Education Sections Kobe University Site Policy Site Map Access Contact Us Copyright©1996-2018 Research Institute for Economics and Business Administration, Kobe University. All Rights Reserved.