2023 Fiscal Year Final Research Report

Developing Sustainability Accounting for Mature Socio-Economies Drawing upon Applied Institutional Mechanism Design and Social Philosophy

Research Project

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Project/Area Number	18H00914
Research Category	Grant-in-Aid for Scientific Research (B)
Allocation Type	Single-year Grants
Section	一般
Review Section	Basic Section 07100:Accounting-related
Research Institution	Waseda University
Principal Investigator	Suzuki Tomo 早稲田大学, 商学学術院, 教授 (50813648)
Co-Investigator(Kenkyū-buntansha)	大鹿智基早稲田大学, 商学学術院, 教授 (90329160) 西條辰義高知工科大学, 経済・マネジメント学群, 特任教授 (20205628) 國部克彦神戸大学, 経営学研究科, 教授 (70225407)
Project Period (FY)	2018-04-01 – 2023-03-31
Keywords	応用制度設計 / 成熟経済社会 / 付加価値の適正分配 / 新しい資本主義 / 株主第一主義 / ナッジ / ステークホールダー主義 / 経済学の哲学
Outline of Final Research Achievements	Economic policies under mature economy can be radically different from the ones in growth economies. Unlike major Western and developing countries, Japan suffers from a structural stagnation where major think-tanks’consensus growth rate is near zero, which further undermines investors' willingness to invest. If, under this condition, the government promote investor protections in such ways Western and developing countries usually expect, the other stakeholders such as directors, workers and the government can suffer to give up their fair share of the value-added. This research proposed to develop the“Distribution Statement (of Value-added)” to supplement the traditional Profit and Loss Statement, which is hoped to promote fair distribution of value-added among major stakeholders. The proposal has been well accepted by the major economic associations such as Keidanren, Kankeiren and Rengo, which is believed to have supported Kishida Administration’s New Form of Capitalism Policy.
Free Research Field	経済社会制度設計
Academic Significance and Societal Importance of the Research Achievements	従来、利益最大化はそれを実現するための投資拡大に支えられて、国民経済の健全な発展に寄与するものと考えられてきた。金融商品取引法や公認会計士法が第１条で投資家の保護を目的とするのはそのためである。しかし英米や新興国と異なり構造的な成熟経済化に伴い新規エクイティファイナンスが発現しない環境で従来通りの投資家保護を進めれば、利益最大化は従業員給与や投資の削減を引き起こしかねない。そこで本研究は「損益計算書」に代わり（或いは加え）「付加価値分配計算書」を導入することで、ステークホールダー間で付加価値が適正に分配される経営を提言し、主要経済団体や労働組合での検討を通し導入が検討されるに至っている。