Japanese
ACCOUNTING FORUM 2021

No. 29JAPAN ACCOUNTING ASSOCIATION

Japan Accounting Association
Liaison Office: c/o International Business Institute, Co., LtdTsukasa Building 3rd. F. , 518 Waseda Tsurumaki-cho, Shinjuku-ku,
Tokyo 162-0041, Japan

Copyright© 2021, Japan Accounting Association

Japanese ACCOUNTING FORUM 2021
JAPAN ACCOUNTING ASSOCIATION

Preface
Japanese ACCOUNTING FORUM of Japan Accounting Association (JAA) had
been published annually to publicize academic activities of JAA in English. The firstissue of Japanese ACCOUNTING FORUM was published in 1993. This edition for2021 is the 29th issue of Japanese ACCOUNTING FORUM, and it is in transition tobe merged into English website of JAA.
This issue contains the program of the 79th Annual Conference of JAA which washeld online by Hokkaido University and Hokusei Gakuen University on September 46, 2020. It also includes the programs of regional meetings of JAA during the 2020
academic year.
I sincerely hope that Japanese ACCOUNTING FORUM and the English website ofJAA serves the readers to better understand the activities of JAA.
Akihiro Noguchi
Chairman of the International Committee andManaging Editor of Japanese ACCOUNTING FORUM,
Japan Accounting Association

Contact: Professor Akihiro Noguchi
Graduate School of Economics
Nagoya University
Furo-cho, Chikusa-ku,
Nagoya 464-8601, JAPANNOGUCHImr2025@soec.nagoya-u.ac.jp

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JAPAN ACCOUNTING
Board of Directors (2021)

President:
Yoshihiro Tokuga,

ASSOCIATION

Kyoto University of Advanced Science

Directors:
Hisakatsu Sakurai, Kobe University (Professor Emeritus)
Hidetsugu Umehara, Meiji University
Keiichi Oishi, Kyushu University
Masashi Okumura, Waseda University
Takashi Obinata, The University of Tokyo
Akitomo Kajiura, Kwansei Gakuin University (Professor Emeritus)
Nobuhiko Sato, Kumamoto Gakuen University
Kazumi Suzuki, Kobe University
Yusuke Nakajo, Yokohama City UniversityMakoto Nakano, Hitotsubashi University
Akihiro Noguchi, Nagoya University
Takatoshi Hayashi, Kwansei Gakuin University
Fumiko Hiki, Hitotsubashi University
Ichiro Mizuno, Kansai University
Hiroshi Yoshimi, Hokkaido University
Masaki Yoneyama, The University of Tokyo

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Japanese ACCOUNTING FORUM 2021

International Committee and 2019-2021 Editorial Board
Managing Editor:
Akihiro Noguchi,Nagoya University

Deputy Managing Editor:
Makoto Nakano, Hitotsubashi University
Editors:
Takashi Asano, Tokyo Metropolitan University
Hiroyoshi Ichihara, Otaru University of Commerce
Tomoki Oshika, Waseda University
Akira Omori, Yokohama National University
Ikuko Sasaki, Tohoku Gakuin University
Akinobu Shuto, The University of Tokyo
Tomomi Takada, Kobe University
Yutaro Murakami, Keio University
Associate Editors:
Takuma Kochiyama, Hitotsubashi University
Yusuke Takasu, Yokohama National University
Atsuko Takinishi, Sophia University
Keishi Fujiyama, Kobe University

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Past Editors of the Japanese ACCOUNTING FORUM :1993－1997
Seigo Nakajima, Managing Editor, Ferris University
Yukio Fujita, Deputy Managing Editor, Aichi Gakuin University
Youichi Hara, Ritsumeikan University
Kazuo Hiramatsu, Kwansei Gakuin University
Toshiro Hiromoto, Hitotsubashi University
Yoshiaki Jinnai, Tokyo Keizai University
Yoshihide Toba, Senshu University

1998－2000
Nobuo Kamata, Managing Editor, Chubu University
Kazuo Hiramatsu, Deputy Managing Editor, Kwansei Gakuin University
Tokugoro Murayama, Deputy Managing Editor, CPA
Shinji Hatta, Surugadai University
Akihiro Noguchi, Nagoya University
Yasuhito Ozawa, Senshu University
Shigeto Sasaki, Senshu University
Kazumasa Takemori, Chubu University

2001－2003
Nobuo Kamata, Managing Editor, Chubu University
Kazuo Hiramatsu, Deputy Managing Editor, Kwansei Gakuin University
Shinji Hatta, Surugadai University
Norio Igarashi, CPANoriyuki Konishi, Senshu University
Akihiro Noguchi, Nagoya UniversityMichimasa Satoh, Nagoya University
Kazumasa Takemori, Chubu University

2004－2006
Michiharu Sakurai, Managing Editor, Senshu University
Kazuo Hiramatsu, Deputy Managing Editor, Kwansei Gakuin University
Yukio Sakaguchi, Senshu University
Hironao Iwata, Tokyo International University
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Past Editors of the Japanese ACCOUNTING FORUM :2007－2009
Kazuo Hiramatsu, Managing Editor, Kwansei Gakuin University
Noriyuki Konishi, Deputy Managing Editor, Okayama University
Akihiro Noguchi, Nagoya University
Norio Sawabe, Kyoto University
Takashi Yaekura, Hosei University
Koji Kojima, Kwansei Gakuin University

2010－2012
Yoshihiro Tokuga, Managing Editor, Kyoto University
Nobuhiko Sato, Deputy Managing Editor, Meiji University
Koji Kojima, Kwansei Gakuin University
Noriyuki Konishi, Aoyama Gakuin University
Akihiro Noguchi, Nagoya University
Norio Sawabe, Kyoto University

2013－2015
Yoshihiro Tokuga, Managing Editor, Kyoto University
Nobuhiko Sato, Deputy Managing Editor, Kumamoto Gakuen University
Noriyuki Konishi, Aoyama Gakuin University
Chika Saka, Kwansei Gakuin University
Satoshi Sugahara, Hiroshima Shudo University
Tokuei Sugimoto, Kwansei Gakuin University
Tomomi Shiosaki, Kyushu University
Noriyuki Tsunogaya, Nagoya University
Makoto Nakano, Hitotsubashi University
Akihiro Noguchi, Nagoya University
Yutaro Murakami, Keio University

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Past Editors of the Japanese ACCOUNTING FORUM :2016－2018
Katsuhiko Kokubu, Managing Editor, Kobe University
Hiroshi Obata, Deputy Managing Editor, Hitotsubashi University
Takashi Ando, Chiba University of Commerce
Noriyuki Konishi, Aoyama Gakuin University
Chika Saka, Kwansei Gakuin University
Satoshi Sugahara, Kwansei Gakuin University
Tokuei Sugimoto, Kwansei Gakuin University
Noriyuki Tsunogaya, Nagoya University
Makoto Nakano, Hitotsubashi University
Akihiro Noguchi, Nagoya University
Tadanori Yosano, Kobe University

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2020 Annual Conference
http://jaa-net.jp/jaa2020/
Chairperson of the Organizing Committeeof the 79th Annual Conference of JAA
Hiroshi Yoshimi
Hokkaido University

Plenary Session: The inheritance and development of accounting thought
Session 1: Non-financial Information and Integrated Reporting
Hiroyuki Yagi, Yokohama National University
Non-financial Disclosure and Integrated Reporting－A View of Stakeholder and Entrepreneurial Function－
Noriyuki Konishi, Aoyama Gakuin University
Items to be disclosed through Integrated Reporting: An empirical approach
Tomoki Oshika, Waseda University
ESG investment evolution and integrated reporting
Takeshi Mizuguchi, Takasaki City University of Economics
Session 2: Thinking about Accounting from a Standpoint “Hokkaido”
Ryusuke Toda, Kanagawa University"Accounting for the Management of National Parks: A Perspective fromHokkaido"
Akira Omori, Yokohama National University
The modeling a regional accounting for forest management: a perspective from
Hokkaido
Yoshihisa Maruyama, Chuo University

7Considering the Sustainability of Local Governments: How Labor Shortages
could be Dealt with in Hokkaido
Keiko Ishikawa, Nihon University
Session 3: Continuity of Basic Concepts and Accounting Thought
Hidetsugu Umehara, Meiji University
Reliability of Accounting Information: Value Estimation and Cost Allocation
Satoru Otaka, Yokohama National University
Objectives of Financial Reporting and Accounting Principles
Katsuhiko Muramiya, Osaka University
Changes in audit functions in response to measurement uncertainty
Hironori Fukukawa, Hitotsubashi University
Session 4: Human Resource Accounting
Makoto Nakano, Hitotsubashi University
Human Capital Accounting: From the Perspective of Financial Reporting
Kazuyuki Shimanaga, Kobe Gakuin University
Measurement and Management of Human Assets Using Financial and Nonfinancial Measures for Value Creation
Akihiko Uchiyama, Chiba University
Case Analysis of Human Resource Accounting and Management at The UK
Professional Football Clubs
Kotaro Sumita. Kumamoto Gakuen University8International Session
Impact of the 2008 Financial Crisis and Capital Adequacy on Banks’ Mortgage
Lending Behavior
Szu-Jung Wu, National Cheng Kung University
Chi-Chun Liu, National Taiwan University
Brand Royalty Flows within Large Business Groups: The Effect of Holding
Company Structure and Monitoring of Related Party Transactions
Choong-Yuel Yoo. KAIST
Seunghyun Cho, KAIST
Jinhan Pae, Korea University
The Effects of Client Bargaining Power on Audit Pricing in Voluntary andInvoluntary Audit Switching Environment
Frendy, Nagoya University of Commerce and Business
Fumiko Takeda, The University of Tokyo
Loss Expectation and Income Shifting
Ji Seon Yoo, Hoseo University
Ye Ji Lee, University of Seoul
Opinion Shopping, Auditor Change, and Firm Valuation: New Evidence fromSouth Korea
Kyung-Tae Gong, Deng-Eui Universtiy
Il-Hang Shin, Gachon University
Managerial Ability and Asymmetric SG&A Cost Behavior
Sera Choi, Korea National Open University
Iny Hwang, Seoul National University
Jin-Ha Park, Soongsil University

9International Panel Session:
Accounting Education with and after COVID-19
Moderator: Akihiro Noguchi (Nagoya University)
Introduction: Yoshihiro Tokuga (Kyoto University)
Panelist from TAA: Chi-Chun Chou (National Chengchi University and California
State University, Monterey Bay)
“How we are dealing with the situation in Taiwan”
Panelist from KAA: Tae-Young Paik (Sunkyunkwan University)“How we are dealing with the situation in Korea”
Panelist from JAA: Murakami, Y. (Keio Business School)“How we are dealing with the situation in Japan”
Panel discussion“What kind of future are we heading for?”“What kind of change should we anticipate?”10

2020 Regional Reports
Hokkaido Region
http://www.jaa-net.jp/news/20200505.html

Satoshi Imamura
Hokkai-Gakuen University
Due to COVID-19, the 97th regional meeting at Otaru University of Commerce onMay 23, 2020 and the 98th regional virtual meeting on December 12, 2020 werecancelled.

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Tohoku Region
http://www.jaa-net.jp/meeting/tohoku2020a.pdf

Masateru Narikawa
Tohoku Institute of Technology
The regional meetings were held as follows;
1. The 98th Meeting at Fukushima University on December 12, 2020.
(1) “Accounting Issues on Asset Retirement Costs,” Tomohisa Hirano, Fukushima
University.
Discussant:Shingo Sekine, Ishinomaki Senshu University.
(2) “Aggregation and Disaggregation in Earnings Information ,”Shuko Naito,Hirosaki University.
Discussant:Yoshitaka Ohashi, The University of Aizu.

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Kanto Region
http://www.jaa-net.jp/news/20200925.html
http://www.jaa-net.jp/news/20210121.html

Shunichi Toyoda
Musashi University

The 68th Kanto regional meeting was held at Musashi University on March 13,2021. The main theme of the meeting was “The Controversy over Performance
Reporting: Past, Present and Future.” The program of the meeting was as follows:
1. Introduction: Shunichi Toyoda (Musashi University)
Yoshihiro Tokuga (Kyoto University)
2. Main Presentation(1) Eiko Tsujiyama (Musashi University / Waseda University) “The History of theControversy over Performance Reporting: Focusing on the IASB/FASB JointProject”(2) Yasuhiro Yamada (Rikkyo University) “Problems of Profit or Loss in the Statementof Profit or Loss”(3) Masaki Yoneyama (The University of Tokyo) “A New Perspective on Conceptual
Analysis in Performance Reporting”(4) Kenichi Akiba (Waseda University) “Issues in Performance Reporting in Japan:
Focusing on the Presentation of the Results of Discontinued Operations”
3. Panel Discussion: Eiko Tsujiyama (Chairperson), Yasuhiro Yamada, Masaki
Yoneyama, and Kenichi Akiba

13Chubu Regionhttp://www.jaa-net.jp/meeting/chubu2020a.pdf
http://www.jaa-net.jp/chubu/Kazuhiro Fukaya
Aichi Toho University

The regional meeting was held as follows;
The 145th Chubu Regional Virtual Meeting by Aichi Toho University on December
5, 2020.
Guest Speakers Session: CPA Speaker “Impact of COVID-19 on Accounting andAuditing” Niwa Kazuya，JICPA Tokai Association

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Kansai Region
http://www.jaa-net.jp/meeting/kansai2020.pdf
http://www.jaa-net.jp/news/20201206.html

Akitomo Kajiura
Kwansei Gakuin University
The 70th Kansai regional meeting was held as a Zoom meeting hosted by Kwansei
Gakuin University on December 19, 2020. The main theme of the meeting was “ESGand Accounting”.
The program was follows.
Plenary Session: ESG and Accounting
Moderator: Atsuo Mukoyama (Osaka City University)(1) “ESG, Corporate Value and the Future”, Chika Saka (Kwansei Gakuin University)(2) “ESG and Audit”, Eriko Nashioka (Institute for Environmental ManagementAccounting)(3) “ESG and Management Accounting; How will Management Accounting Change,
Especially in Practice, in the Future?”, Michiyasu Nakajima (Kansai University)
Concurrent Session
Moderator: Tatsuo Inoue (Kwansei Gakuin University)(1) “Does a Leading Indicator Related to a Customer Improve a Firm's Profit?”, JumpeiHamamura (Momoyama Gakuin University)(2) “Macroeconomic Uncertainty and Loss Avoidance Behavior by Managers”, Norio
Kitagawa (Kobe University)(3)“A Study of US-GAPP and Applicable Companies Index from the Perspectiveof M&A”, Yujiro Okura (Professor emeritus, Kansai University)
Panel Discussion: ESG and Accounting
Chairperson: Atsuo Mukoyama (Osaka City University)
Panelists: Chika Saka (Kwansei Gakuin University)
Eriko Nashioka (Institute for Environmental Management Accounting)Michiyasu Nakajima (Kansai University)

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Kyushu Region
Keiichi Oishi
Kyushu University
The 106th regional meeting at Kurume University on June 27, 2020 wascanceled.

The 107th regional meeting was held online (hosted by Kyushu University)
on September 26, 2020.
(1) “Reconsideration of the Business Accounting: Relating to the Semiology”,
Tsutomu Kidota (Saga University) and Hiroki Koga (Saga University).
(2) “Non-Financial Information and MD&A: A Research Review and Future
Agenda”, Yanyan Ji (Graduate School of Economics, Kyushu University).
(3) “Consideration on Application of Material Flow Cost Accounting: Focusing onProductivity Evaluation”, Zhu Ring (Nagasaki University) and Xu Yang(Nagasaki University).

The 108th regional meeting was held online (hosted by Seinan GaukinUniversity) on March 27, 2021.
(1) “Literature Review of MCS/BCP Research for Risk/Crisis and Disaster”,
Nobuyuki Mochizuki (Prefectural University of Kumamoto), Kohji Yoshikawa(Kwansei Gakuin University), Mami Kimura (Tokyo City University), andEiichiro Kudo (Seinan Gaukin University).
(2) “Development of Accounting Studies about the U.S. Municipal Bond Marketand Applicability to Japanese Market Research”, Kentaro Haraguchi (SeinanGaukin University) and Yasuhiro Tamba (Seinan Gaukin University).
(3) “Designing Management Control Systems: An Analysis of Management
Accounting Practices in Small and Medium Enterprises”, Tsutomu Tobita(Fukuoka University).

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