The Impact of New Accounting Standards on Japanese Companies

13 Pages Posted: 30 Dec 2004

See all articles by Mitsuru Mizuno

Mitsuru Mizuno

Nihon University - Graduate School of Business

Abstract

As a result of a series of reforms initiated in the latter half of 1990s, accounting standards in Japan have become virtually equivalent to international accounting standards. The impact of the accounting reform on Japanese firms has been significant. This paper reviews the so-called 'Accounting Big Bang' and assesses its impact on Japanese firms. It concludes that Japanese firms are now required to place greater emphasis than previously on an improvement in the return on their assets and on an enhancement in the values of their stock market shares.

Suggested Citation

Mizuno, Mitsuru, The Impact of New Accounting Standards on Japanese Companies. Pacific Economic Review, Vol. 9, No. 4, pp. 357-369, December 2004. Available at SSRN: https://ssrn.com/abstract=639792

Mitsuru Mizuno (Contact Author)

Nihon University - Graduate School of Business ( email )

Kudanminami 4-8-24
Chiyoda-ku
Tokyo 102-8275
Japan

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