Procyclicality of goodwill permanent retention

• Project/Area Number: 17K13827
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Accounting
• Research Institution: Gakushuin University
• Principal Investigator: GARCIA Clemence 学習院大学, 国際社会科学部, 教授 (60440179)
• Project Period (FY): 2017-04-01 – 2021-03-31
• Project Status: Completed (Fiscal Year 2022)
• Budget Amount: ¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000); Fiscal Year 2020: ¥520,000 (Direct Cost: ¥400,000、Indirect Cost: ¥120,000); Fiscal Year 2019: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000); Fiscal Year 2018: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000); Fiscal Year 2017: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
• Keywords: Goodwill / Intangible assets / Accounting / Financial Reporting / Accounting History / goodwill / intangible assets / accounting / procyclicality / sustainability / financial regulation / IFRS / Intangible Assets / 会計学

Outline of Final Research Achievements

Starting from the history of goodwill, this research has evolved into a large-scale survey of disclosure practices of intangible assets. It has been published and presented in international and domestic venues. Since 2021, investigation is jointly pursued with the EAA working group on intangibles.

Academic Significance and Societal Importance of the Research Achievements

The scientific contribution is twofold: historical perspective on accounting for goodwill in the US and France; international survey on the disclosure of intangibles in the pharmaceutical industry. A comment letter from the EAA was sent to EFRAG based on this research.

Research Products

• [Int'l Joint Research] European Law Institute/University of Vienna/Vienna Wirtschafts Universitat(オーストリア)
• [Int'l Joint Research] Universite Paris Dauphine(フランス)
• [Journal Article] IFRS強制適用に関する研究(最終報告） (2019)
  • Author(s): NAKANO, Takayuki, GARCIA, Clemence etc al.
  • Journal Title: 国際会計研究学会スタディーグループ報告書 Volume: 1 Pages: 101-116
• [Journal Article] 中小企業会計情報と経済統計ーフランスにおける現状と課題 (2019)
  • Author(s): GARCIA Clemence
  • Journal Title: 會計 Volume: 195 Pages: 180-190
• [Journal Article] IFRS強制適用に関する比較研究（フランス） (2018)
  • Author(s): GARCIA Clemence
  • Journal Title: 国際会計研究学会スタディーグループ報告書 Volume: 1 Pages: 51-66
• [Journal Article] Goodwill accounting standards in the United Kingdom, the United States, France, and Japan (2018)
  • Author(s): GARCIA Clemence、Katsuo Yuko、van Mourik Carien
  • Journal Title: Accounting History Volume: 1 Issue: 3 Pages: 1-25
  • DOI: 10.1177/1032373217748672
  • Peer Reviewed / Int'l Joint Research
• [Journal Article] フランスにおけるのれん会計の歴史 (2017)
  • Author(s): GARCIA Clemence
  • Journal Title: 産業経理 Volume: 77（3） Pages: 145-152
• [Presentation] Accounting and Law for equity capital, creditor protection and corporate sustainability (2019)
  • Author(s): GARCIA Clemence
  • Organizer: European Law Institute Annual Conference
  • Int'l Joint Research / Invited
• [Presentation] IFRS強制適用に関する研究(最終報告） (2019)
  • Author(s): NAKANO, Takayuki, GARCIA, Clemence etc al.
  • Organizer: 国際会計研究学会第36回全国大会
• [Presentation] How accounting for goodwill relies on underlying assumptions: a historical approach (2018)
  • Author(s): GARCIA Clemence
  • Organizer: 14th workshop on European financial reproting
  • Int'l Joint Research
• [Presentation] Accounting for goodwill and procyclical effects on M&A activity (2018)
  • Author(s): GARCIA Clemence
  • Organizer: 30th annual conference of the society for advancement of socio-economics
  • Int'l Joint Research
• [Presentation] 中小企業会計情報と経済統計 (2018)
  • Author(s): GARCIA Clemence
  • Organizer: 日本会計研究学会、第77回全国大会
  • Invited
• [Presentation] IFRS強制適用に関する研究 (2018)
  • Author(s): GARCIA Clemence
  • Organizer: 国際会計研究学会、第35回全国大会
• [Presentation] Accounting for intangible assets in the pharmaceutical industry (2018)
  • Author(s): GARCIA Clemence
  • Organizer: LABEX, Paris
  • Int'l Joint Research
• [Presentation] 国際会計基準の下での非上場企業・中小企業をめぐる課題ー欧州の観点 (2017)
  • Author(s): GARCIA Clemence
  • Organizer: 国際会計研究学会第8回東日本部会 統一論題
  • Invited
• [Presentation] 条件付規範的会計理論から見たのれん会計 (2017)
  • Author(s): GARCIA Clemence
  • Organizer: 会計理論学会第32回大会
• [Presentation] Accounting for intangible assets in the pharmaceutical industry: towards a quasi-goodwill category (2017)
  • Author(s): GARCIA Clemence
  • Organizer: 29th Annual SASE Conference, Lyon
  • Int'l Joint Research
• [Presentation] Goodwill accounting standards in the UK, the USA, France and Japan (2017)
  • Author(s): GARCIA Clemence, KATSUO Yuko, VAN MOURIK Carien
  • Organizer: 29th Annual SASE Conference, Lyon
  • Int'l Joint Research
• [Presentation] Abacus based bookkeeping in Japan: from ancient techniques to modern Western-style accounting (2017)
  • Author(s): GARCIA Clemence, ITABASHI Takeo
  • Organizer: AAAA conference, Taipei
  • Int'l Joint Research
• [Presentation] Accounting for goodwill: a theoretical study based on the conditional-normative methodology (2017)
  • Author(s): GARCIA Clemence
  • Organizer: AAAA conference, Taipei
  • Int'l Joint Research
• [Presentation] 日本と欧州における減価償却制度 (2017)
  • Author(s): GARCIA Clemence
  • Organizer: 税務大学校公開講座
  • Invited
• [Remarks] Garcia personal homepage
  • URL: https://sites.google.com/view/garcia-clemence/research?authuser=0