After ten years' efforts on producing high-quality accounting standards which can represent Japanese style of business activities and on exploring its own way to converge with global financial reporting standards, Japan makes a major step forward towards adopting International Financial...

This study looks at the difference between the fundamental value and the market value of firms during the merger and acquisition process, and investigates the role of that difference on the method of payments (cash vs. stock) and on the subsequent stock performance around the merger and...

This paper strives to explore and address one of the possible solutions for globalizing accounting standards that meet Japanese social and economic values. This goes without saying that accounting systems are subject to forces considered isomorphic with the global system according to authorities...

In this study, we examined the influence of soft information used in relationship lending on banks' financial profitability and credit risk, especially focusing on inter-bank competition. This paper is the first one to use an inter-bank competition perspective to analyze what kind of soft...

This paper provides an analytical viewpoint that includes two perspectives that expand the MERITUM guideline in order to acquire intellectual asset management legitimacy and disclosures. This will help spread intellectual asset management practices and disclosures. First, this paper proposes...

In this paper, we will explore the role of network information in intellectual capital measures, focusing specifically on data from lender-borrower relationships. Our analysis found as follows: First, Japanese lenders who judge the creditworthiness of firms, place a great deal of importance on...

This article studies the disclosure practices of Japanese IPO prospects as a proxy for the capital cost after a company is admitted to the stock exchange, and the subsequent effect on their long-term stock performance and the bid-ask spread. A disclosure index methodology was imposed on 120 IPO...

In this article, we set out to understand and interpret the meaning of Japanese lenders perspective on non-financial, or soft, information of technology based small and medium sized enterprises (SMEs) and look for its implications for the IR agenda. To our surprise, the initial findings showed a...

In this paper, we found a strong positive post-rescue performance for acquiring firms. Furthermore, we observed even more dramatic recovery effects when we focused on accounting accrual components, such as the credit sale increases or reduction of PPE depreciation value. We found that investors...

In this paper, we investigated the affect of tender offer transactions in Japan from four perspectives. The first one is in regards to the Pecking Order Theory, and the second one concerns the Method-of-Payment Hypothesis. Both of these first two perspectives are related to manager payment...