Journal of

Marketing Development and Competitiveness

Scholar Gateway

Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

Zhang-Rauch (p. 64-70)

Alam-Yasin (p. 71-78)

Mattare-Monahan-Shah (p. 79-94)

Nonis-Hudson-Hunt (p. 95-106)

JOURNAL OF ACCOUNTING AND FINANCE

The Economic Consequences of Convergence with the International Financial

Reporting Standards in Japan

Author(s): Ichiro Mukai

Citation: Ichiro Mukai, (2012) "The Economic Consequences of Convergence with the International Financial Reporting Standards in Japan," Vol. 12, Iss. 3, pp. 162 - 179

Article Type: Research paper

Publisher: North American Business Press

Abstract:

This paper examines whether the convergence of Japan GAAP with the IFRSs reduce the cost of equity capital. We focus on the consolidated financial reporting of Japanese listed companies. We measure the cost of equity capital using the implied cost of equity capital models. The results of our tests provide that the appropriate costs of equity capital are estimated by the Residual Income Model and the Abnormal Earnings Growth Model in Japan, and the converging Japan GAAP toward IFRSs decreases the cost of equity capital until 2009.3, however it increases in 2010.3 because of the economic recession by Lehman Shock.