IFRS Adoption and Accounting Conservatism of Japanese Firms with Governance System Transition

Konosuke Shimamoto, Fumiko Takeda

研究成果: Article査読

4 被引用数 (Scopus)


This study examines whether there is a difference in the degree of accounting conservatism between firms that voluntarily adopt International Financial Reporting Standards (IFRS) and those that use local accounting standards in Japan, being a traditional code-law country that is undergoing changes in its governance system. The difference-in-difference approach reveals that the degree of conditional conservatism decreases for IFRS adopters and more sharply for Japanese accounting standards’ users between 2009/2010 and 2018/2019, resulting in relatively larger conditional conservatism for IFRS adopters. The regression analysis shows that the change in conditional conservatism is positively associated with IFRS adopters having a high foreign shareholders ratio. This study makes several contributions to the related literature. First, to the best of our knowledge, this study is the first to provide a comparative analysis of IFRS and Japanese accounting standards with respect to conservatism. Second, additional evidence is provided on the relationship between conservatism and corporate governance.

ジャーナルInternational Advances in Economic Research
出版ステータスPublished - 2020 5月 1

ASJC Scopus subject areas

  • 経済学、計量経済学
  • 経済学、計量経済学および金融学(全般)


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