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© 2014

International Perspectives on Accounting and Corporate Behavior

  • Kunio Ito
  • Makoto Nakano
Book

Part of the Advances in Japanese Business and Economics book series (AJBE, volume 6)

Table of contents

  1. Front Matter
    Pages i-ix
    PDF
  2. Framework and Overview
    Kunio Ito
    Pages 1-25

  3. Earnings Attributes and Corporate Behavior

    1. Front Matter
      Pages 27-27
      PDF
    2. What Do Smoothed Earnings Tell Us About the Future?
      Yusuke Takasu, Makoto Nakano
      Pages 29-57
    3. The Effect of Accounting Conservatism on Corporate Investment Behavior
      Souhei Ishida, Kunio Ito
      Pages 59-80
    4. Matching Expenses with Revenues Around the World
      Tetsuyuki Kagaya
      Pages 81-106
    5. Does Comprehensive Income Influence Dividends? Empirical Evidence from Japan
      Kunio Ito, Takuma Kochiyama
      Pages 107-125
    6. Accounting Policy Choice for Negative Goodwill
      Yukari Takahashi
      Pages 127-142
    7. Fair Value Accounting of Pension Liabilities and Discretionary Behavior
      Shigeaki Sawada
      Pages 143-160
    8. The Influence of Informal Institutions on Impaired Asset Write-Offs: Securing Future and Current Pies for Payouts in Japan
      Keishi Fujiyama
      Pages 161-186

  4. Disclosure and Enforcement

    1. Front Matter
      Pages 187-187
      PDF
    2. Ex-post Information Value of Risk Disclosure
      Kunio Ito, Tetsuyuki Kagaya, Hyonok Kim
      Pages 189-222
    3. The Effects of Risk Disclosure on Evaluation of Management Forecast Revisions
      Hyonok Kim
      Pages 223-246
    4. The Effect of Continuous Disclosure of Environmental Report
      Yuki Tanaka
      Pages 247-259
    5. Analyst Herding Around Management Forecasts
      Mikiharu Noma
      Pages 261-283
    6. Management Incentives to Publish Aggressive or Conservative Earnings Forecasts and Disclosure Policy Change
      Tomohiro Suzuki
      Pages 285-309
    7. Effects of Biased Earnings Forecasts: Comparative Study of Earnings Forecasts Disclosures by US and Japanese Firms
      Shoichi Tsumuraya
      Pages 311-330
  5. Back Matter
    Pages 331-335
    PDF

About this book

Introduction

Despite the globalization of accounting standards occurring through convergence to International Financial Reporting Standards, local accounting systems are deeply intertwined with each country’s unique institutions such as its corporate system, disclosure practices, and enforcement mechanisms. First, this book empirically analyzes the effects of globalization and localization of accounting rules on corporate behavior such as earnings management, signaling, investment behavior, and dividend payout policy. Second, the book unravels the economic consequences of disclosure based on the concept of self-disciplining enforcement such as management forecasts, environmental disclosures, and risk disclosures by Japanese firms. This volume is a step forward in understanding the link between accounting and corporate behavior based on a new institutional accounting approach.

Keywords

Accounting conservatism Accounting standards Earnings property Management forecast New institutional accounting Voluntary disclosure

Editors and affiliations

  • Kunio Ito
    • 1
  • Makoto Nakano
    • 2
  1. 1.Graduate School of Commerce and ManagementHitotsubashi UniversityKunitachiJapan
  2. 2.Graduate School of Commerce and ManagementHitotsubashi UniversityKunitachiJapan

About the editors

Editors

Kunio Ito is a professor and a director of MBA program at the Graduate School of Commerce and Management of Hitotsubashi University in Japan. He earned his Ph.D. from Hitotsubashi University. He is also the President of Japan Accounting Association (since 2012). During the last 15 years Ito has taught accounting, financial statement analysis and valuation in the school’s MBA and doctoral courses and senior executive program. He has served as outside director to several leading Japanese corporations and as advisor to the Tokyo Stock Exchange.

Makoto Nakano is a professor at the Graduate School of Commerce and Management of Hitotsubashi University in Japan, where he completed his Ph.D. in management and accounting in 1995. His research is related to financial reporting, corporate finance, corporate governance and equity valuation. Dr. Nakano has published on these subjects in Corporate Governance: An International Review (vol. 20; 2012), Applied Financial Economics (vol.23; 2013) and The Japanese Accounting Review (vol. 2; 2012). He is also the author of Reliance on Foreign Markets: Multinationality and Performance (Springer, 2013).

Bibliographic information

Reviews

The book provides a wealth of detail on the Japanese model of capitalism and its implications for corporate governance and accounting policy. […] Scholars and practitioners in the IFRS harmonization space will be well served by obtaining a copy of the Ito-Nakano book for their institutional libraries.

 

Karthik Ramanna, Associate Professor of Business Administration, Harvard University

In The Accounting Review, Vo.90, No.3 2015, pp.1244-1247

 

 

 

Overall, the book is valuable not only for academics but also for business practitioners and policy makers. […] The implications derived from the empirical evidence of this book may be useful to create a better system. Therefore, this book contributions to the discussion of the field of international accounting.

 

Fumiko Takeda, Associate Professor, Department of Technology Management, The University of Tokyo

In The International Journal of Accounting, Volume 50, Issue 2, June 2015, pp. 242–245