International Perspectives on Accounting and Corporate Behavior

Beschreibung

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.
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.
The first empirical research book from Japan based on the “new institutional accounting” approach Investigates the differences of IFRS and local accounting standards from the viewpoint of earnings property Articulates globalization and localization of accounting standards, explaining inherent characteristics of disclosure behavior by Japanese firms and diagnosing its effects on capital markets Includes supplementary material: sn.pub/extras

Autor*in

Kunio Ito

Themen in »International Perspectives on Accounting and Corporate Behavior«

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

Stimmen zu »International Perspectives on Accounting and Corporate Behavior«

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

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