Financial Reporting in Markets with Regulated Industries, Primarily the Electric Power Business

2016 Fiscal Year Final Research Report

• Project/Area Number: 26380623
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Accounting
• Research Institution: Meiji Gakuin University
• Principal Investigator: FUJITA Akiko 明治学院大学, 経済学部, 教授 (20227599)
• Research Collaborator: BIONDI Yuri French National Centre for Scientific Research, Professor
• Project Period (FY): 2014-04-01 – 2017-03-31
• Keywords: 料金規制 / 開示規制 / 電力業界

Outline of Final Research Achievements

When price-setting is regulated, revenue-expense correspondence is of utmost importance in order to calculate prices that are reasonable in consideration of required costs. The industries subject to such regulation need to urgently address the serious task of balancing twin obligations, information disclosure requirements and pricing regulations, while the asset-liability approach is a prerequisite in corporate accounting standards.
The purpose of the present study is to examine and analyze how the balance between disclosure requirements and price-setting regulations is approached and handled. In this study, investigation has been made into how financial reporting is being done and how price-setting regulations are being addressed in France, an important atomic power-generating nation, and Japan, particularly by means of comparison between a French electric power company, and Tokyo Electric Power Co..

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