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Corporate accounting frauds and corporate governance

Research Project

Project/Area Number 17H04784
Research Category

Grant-in-Aid for Young Scientists (A)

Allocation TypeSingle-year Grants
Research Field Accounting
Research InstitutionNagoya City University

Principal Investigator

Sakawa Hideaki  名古屋市立大学, 大学院経済学研究科, 准教授 (70513125)

Project Period (FY) 2017-04-01 – 2021-03-31
Project Status Completed (Fiscal Year 2020)
Budget Amount *help
¥17,940,000 (Direct Cost: ¥13,800,000、Indirect Cost: ¥4,140,000)
Fiscal Year 2020: ¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2019: ¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2018: ¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2017: ¥5,460,000 (Direct Cost: ¥4,200,000、Indirect Cost: ¥1,260,000)
Keywords企業統治 / 会計不正 / 財務会計
Outline of Final Research Achievements

This research empirically investigates whether Japanese corporate governance effectively functions to enhance corporate accounting quality. Our major results are summarized as follows. First, independent directors or auditors do not enhance earnings quality in Japanese corporations and main bank-appointed auditors are substituted for the roles of independent directors or auditors in Japanese corporations. Second, the roles of conservative accounting are substituted by the monitoring of main banks.

Academic Significance and Societal Importance of the Research Achievements

本研究成果の学術的意義は、日本型企業統治メカニズムの有用性を示したことである。会計不正問題は、2000年初頭の米国エンロン事件があり、米国企業では独立取締役・監査役の登用を含む内部統制強化にその解決を求めた。本研究成果では、我が国においては、伝統的な銀行派遣監査役のモニタリング機能が有効であることを示唆している。その意味では、必ずしも、米国の企業統治メカニズムをそのまま適用するだけでは十分ではなく、我が国の伝統的な企業統治メカニズムの中でも有効なシステムを上手く適用しながら、様々なガバナンス不全の問題解決に取り組むことが重要であることを示した点に学術的・社会的意義がある。

Report

(5 results)
  • 2020 Annual Research Report   Final Research Report ( PDF )
  • 2019 Annual Research Report
  • 2018 Annual Research Report
  • 2017 Annual Research Report
  • Research Products

    (48 results)

All 2020 2019 2018 2017 Other

All Int'l Joint Research (8 results) Journal Article (16 results) (of which Int'l Joint Research: 2 results,  Peer Reviewed: 14 results,  Open Access: 3 results) Presentation (22 results) (of which Int'l Joint Research: 21 results) Funded Workshop (2 results)

  • [Int'l Joint Research] University of Queensland(オーストラリア)

    • Related Report
      2020 Annual Research Report
  • [Int'l Joint Research] Waikato University(ニュージーランド)

    • Related Report
      2020 Annual Research Report
  • [Int'l Joint Research] University of Queensland(オーストラリア)

    • Related Report
      2019 Annual Research Report
  • [Int'l Joint Research] University of Waikato(ニュージーランド)

    • Related Report
      2019 Annual Research Report
  • [Int'l Joint Research] クイーンズランド大学(オーストラリア)

    • Related Report
      2018 Annual Research Report
  • [Int'l Joint Research] Waikato University(ニュージーランド)

    • Related Report
      2018 Annual Research Report
  • [Int'l Joint Research] Queensland University(オーストラリア)

    • Related Report
      2017 Annual Research Report
  • [Int'l Joint Research] Waikato University(ニュージーランド)

    • Related Report
      2017 Annual Research Report
  • [Journal Article] The real effect of mandatory disclosure in Japanese firms2020

    • Author(s)
      Sakawa Hideaki、Watanabel Naoki、Yamada Akihiro、Duppati Geeta
    • Journal Title

      Pacific-Basin Finance Journal

      Volume: 60 Pages: 101298-101298

    • DOI

      10.1016/j.pacfin.2020.101298

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] Bank valuation and size: Evidence from Japan2020

    • Author(s)
      Sakawa Hideaki、Watanabel Naoki、Sasaki Hitoshi、Tanahashi Noriko
    • Journal Title

      Pacific-Basin Finance Journal

      Volume: 63 Pages: 101403-101403

    • DOI

      10.1016/j.pacfin.2020.101403

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Main bank relationships and risk taking in Japanese listed firms2020

    • Author(s)
      Sakawa Hideaki、Watanabel Naoki
    • Journal Title

      Applied Economics

      Volume: 53 Issue: 9 Pages: 996-1012

    • DOI

      10.1080/00036846.2020.1820444

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed
  • [Journal Article] 信用金庫のガバナンスについての検証 : 理事会の構成・運営状況を考慮した実証研究2020

    • Author(s)
      佐々木均・坂和秀晃・渡辺直樹・棚橋則子
    • Journal Title

      信金中金月報

      Volume: 19 Pages: 60-75

    • NAID

      40022252182

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Institutional Ownership and Firm Performance under Stakeholder-Oriented Corporate Governance2020

    • Author(s)
      Sakawa Hideaki、Watanabel Naoki
    • Journal Title

      Sustainability

      Volume: 12 Issue: 3 Pages: 1021-1021

    • DOI

      10.3390/su12031021

    • Related Report
      2019 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] IPO underpricing and ownership monitoring in Japan2019

    • Author(s)
      Sakawa Hideaki、Watanabel Naoki
    • Journal Title

      Asian Business & Management

      Volume: forthcoming Issue: 4 Pages: 480-503

    • DOI

      10.1057/s41291-019-00067-1

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Earnings quality and internal control in bank-dominated corporate governance2019

    • Author(s)
      Sakawa Hideaki、Watanabel Naoki
    • Journal Title

      Asian Business & Management

      Volume: forthcoming Issue: 2 Pages: 188-220

    • DOI

      10.1057/s41291-019-00100-3

    • Related Report
      2020 Annual Research Report 2019 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Main bank relationship and accounting conservatism: evidence from Japan2019

    • Author(s)
      Sakawa Hideaki、Watanabel Naoki
    • Journal Title

      Asian Business & Management

      Volume: 19 Issue: 1 Pages: 62-85

    • DOI

      10.1057/s41291-019-00071-5

    • Related Report
      2019 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Family control and ownership monitoring in Stakeholder-oriented corporate governance2019

    • Author(s)
      Sakawa Hideaki、Watanabel Naoki
    • Journal Title

      Management Decision

      Volume: 57 Issue: 7 Pages: 1712-1728

    • DOI

      10.1108/md-04-2018-0480

    • Related Report
      2019 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Board structures and performance in the banking industry: Evidence from Japan2018

    • Author(s)
      Sakawa Hideaki、Watanabel Naoki
    • Journal Title

      International Review of Economics & Finance

      Volume: 56 Pages: 308-320

    • DOI

      10.1016/j.iref.2017.11.001

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Parent control and ownership monitoring in publicly listed subsidiaries in Japan2018

    • Author(s)
      Sakawa Hideaki、Watanabel Naoki
    • Journal Title

      Research in International Business and Finance

      Volume: 45 Pages: 7-14

    • DOI

      10.1016/j.ribaf.2017.07.127

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Earnings Management and Internal Control in Bank-dominated Corporate Governance: Evidence from Japan2018

    • Author(s)
      Sakawa Hideaki、Watanabel Naoki
    • Journal Title

      Center on Japanese Business and Economy working paper

      Volume: 366

    • DOI

      10.7916/D8698M82

    • Related Report
      2018 Annual Research Report
  • [Journal Article] Pitching non-English language research: A dual-language application of the Pitching Research Framework2018

    • Author(s)
      Faff Robert、Sakawa Hideakiなど
    • Journal Title

      Journal of Accounting and Management Information Systems

      Volume: 12 Issue: 2 Pages: 266-290

    • DOI

      10.24818/jamis.2018.02005

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] Earnings Management and Main Bank Monitoring:2017

    • Author(s)
      Sakawa Hideaki, Naoki Watanabel, Akihiro Yamada
    • Journal Title

      Advances in Quantitative Analysis of Finance and Accounting

      Volume: 15 Pages: 53-78

    • Related Report
      2017 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Relation between Executive Compensation and Performance: Evidence from Japanese Shinkin Banks2017

    • Author(s)
      Sakawa HIdeaki, Naoki Watanabel, Noriko Tanahashi
    • Journal Title

      Economics Bulletin

      Volume: 37 Pages: 1310-1317

    • Related Report
      2017 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] 日本の証券市場の変遷とマーケット・マイクロストラクチャー分析に関する展望2017

    • Author(s)
      坂和秀晃
    • Journal Title

      オイコノミカ

      Volume: 54 Pages: 43-53

    • Related Report
      2017 Annual Research Report
  • [Presentation] Internationalization and Mandatory Management Forecasts: Evidence from Japanese MNEs2020

    • Author(s)
      Sakawa Hideaki, Naoki Watanabel, Junjian Gu
    • Organizer
      2020 All Japan Finance PBFJ Shark Tank Pitch Event
    • Related Report
      2020 Annual Research Report
    • Int'l Joint Research
  • [Presentation] The Effect of Board Structure and Venture Capitalists in IPO firms: Evidence from Japan2020

    • Author(s)
      Shohei Yamauchi, Hideaki Sakawa, Naoki Watanabel
    • Organizer
      2020 All Japan Finance PBFJ Shark Tank Pitch Event
    • Related Report
      2020 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Institutional Ownership and Performance in a Stakeholder-oriented Corporate Governance2019

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      Association of Japanese Business Studies
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Family Control and Corporate Innovation in Bank-dominated Corporate Governance: Evidence from Japan2019

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      Association of Japanese Business Studies
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Institutional Ownership and Corporate Risk-taking in Japanese Listed Firms2019

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel, Geeta Duppati, Robert Faff
    • Organizer
      Asian Finance Association
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Main Bank Relationship and Risk-taking in Japanese Listed Firms2019

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      International Corporate Governance Society
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] The Internationalization and Voluntary Adoption of International Accounting Standards of MNEs2019

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel, Junjian Gu
    • Organizer
      Asian Pacific Conference on International Accounting Issues
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] The Internationalization and Voluntary Adoption of International Accounting Standards of MNEs2019

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel, Junjian Gu
    • Organizer
      Australian and New Zealand Academy of Management
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Main Bank Relationship and Risk-taking in Japanese Listed Firms2019

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      Australian Finance and Banking Conference
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Main Bank Relationship and Risk-taking in Japanese Listed Firms2019

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      Global Finance Seminar (SOAS)
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Main Bank Relationship and Accounting Conservatism: Evidence from Japan2018

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      American Accounting Association
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Main Bank Relationship and Accounting Conservatism: Evidence from Japan2018

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      Academy of International Business
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Main Bank Relationship and Accounting Conservatism: Evidence from Japan2018

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      2018 International Congress on Banking, Economics, Finance, and Business
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Family Control and Ownership Monitoring in Stakeholder-oriented Corporate Governance2018

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      International Corporate Governance Society
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Does Institutional Ownership Matter in Stakeholder-oriented Corporate Governance?2018

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel, Geeta Duppati, Robert Faff
    • Organizer
      Asian Pacific Conference on International Accounting Issues
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Family Control and Corporate Innovation in Bank-dominated Corporate Governance: Evidence from Japan2018

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      Ausrtalian and New Zealand Academy of Management
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Earnings Management and Internal Control in Bank- Dominated Corporate Governance: Evidence from Japan2018

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      CJEB Seminar (Columbia University)
    • Related Report
      2017 Annual Research Report
  • [Presentation] Parent control and ownership monitering in publicly listed subsidaries in Japan2017

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      Asian Academy of Managenent
    • Related Report
      2017 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Earnings Management and Internal Control in Bank- Dominated Corporate Governance: Evidence from Japan2017

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      Academy of International Business
    • Related Report
      2017 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Earnings Management and Internal Control in Bank- Dominated Corporate Governance: Evidence from Japan2017

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      American Accounting Association
    • Related Report
      2017 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Main bank relationship and accounting conservatism: Evidence from Japan2017

    • Author(s)
      Hideaki Sakawa, Naoki Watanabel
    • Organizer
      Asian Pacific Conference on International Accounting Issues
    • Related Report
      2017 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Ownership Stability, Research and Development Intensity and Performance: Evidence from Japanese Listed Firms2017

    • Author(s)
      Duppati G, Sakawa H, Watanabel N, Nishi T, Faff, R.
    • Organizer
      International Corporate Governance Society
    • Related Report
      2017 Annual Research Report
    • Int'l Joint Research
  • [Funded Workshop] 2020 All Japan Finance PBFJ Shark Tank Pitch Event2020

    • Related Report
      2020 Annual Research Report
  • [Funded Workshop] 2019 NCU and Chubu JSME Research Workshop on Accounting and Finance2019

    • Related Report
      2019 Annual Research Report

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Published: 2017-04-28   Modified: 2022-01-27  

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