KAZUO YOSHIDA
Address: Graduate School of Economics, Nagoya City University, 1 Yamanohata,
Mizuho-cho, Mizuho-ku, Nagoya, Aichi, 4678501, JAPANE-mail: yoshida@econ.nagoya-cu.ac.jp
FIELDS
Financial Accounting, Financial Statement Analysis
EDUCATION
Ph.D., Nagoya City University, 2002, Economics
M.S., Nagoya City University, 1989
B.A., Nagoya City University, 1987
POSITIONSOSITIONS HELD/HELD/ PROFESSIOPROFESSIONAL EXPERRIENCE
Vice-President, Nagoya City University, 2016-present.
Dean, Graduate School of Economics, Nagoya City University, 2018-2022.
Vice Dean, Nagoya City University, 2014-2018.
Professor, Nagoya City University, 2006-present.
Associate Professor, Nagoya City University, 1996-2006.
Associate Professor, Faculty of Humanities and Social Sciences, Hirosaki University,1994-1996.
Lecturer, Hirosaki University, 1992-1994.
Assistant, Hirosaki University, 1991-1992.
Visiting Scholar, School of Banking and Finance, University of New South Wales,Australia, March 2000.
Visiting Scholar, A. B. Freeman School of Business, Tulane University, U.S.A. 1993-1994.
ASSOCIATION MEMBERSHIPSJapan Accounting Association
The Accounting and Economics Association of Japan
Japan Finance Association
Society for the Economic Studies of Securities
PROFESSIONAL ACTIVITIESBoard of Director, Japan Accounting Association, 2021-present.Editorial Board, Accounting Progress, 2018-present.
Vice President, The Accounting and Economics Association of Japan, 2018-present.
Chair, Award Nomination Committee, The Japanese Association for Research inDisclosure, 2016-2018.
Auditor, Japan Finance Association, 2013-2016.
Editorial Board, Japan Journal of Finance, 2013-2014.
Editorial Board, The Japanese Accounting Review, 2011-present.
Executive Editor, Contemporary Disclosure Research, 2009-2012.
Editorial Board, Japan Journal of Finance, 2007-2008.
Vice President, The Japanese Association for Research in Disclosure, 2006-2008.
Coordinator, Japan Finance Association, 2004-2010.
Editorial Board, Contemporary Disclosure Research, 2004-2005.
Board of Director, The Japanese Association for Research in Disclosure, 2003-present.
Editorial Board, Annals of Society for the Economic Studies of Securities
Securities, 2001-2005.
BOOKS
BOOKS (JAPANESE)● Taishoku Kyufu Kaikei Jouhou no Bunseki (Analysis of Pension Accounting

Information), 2008, Chuokeizai-Sha, Inc.
● Gendai no Disclosure (Contemporary Disclosure), edited by K. Shiba, K. Suda, A. Usui,2008, Chuokeizai-Sha, Inc., The Usefulness of Pension Information, Chapter 27, pp.565581.
● Zaimu Jouhou no Shinraisei (The Reliability of Financial Information), edited by Y.
Tomosugi, H. Tanaka, M. Sato, 2008, Zeimukeiri-Kyoukai Inc., The Quality of Auditingand Earnings Management in Japan, Part 5, Chapter 2, pp.224-235.
● Jissho Kaikeigaku (Positive Accounting), edited by H. Ishizuka, 2006, Chuokeizai-Sha,
Inc., Accounting Valuation, Market Expectation and Cross-Sectional Stock Return inJapan (with M. Okumura), Chapter 12, pp.227-242.
● Taishoku Kyufu Kaikei (Pension Accounting), edited by A. Imafuku, N. Igarashi, 2000,
Chuokeizai-Sha, Inc., Pension Liabilities and the Fundings in Stock and Labor Market,Chapter 10, pp.161-171.
JOURNAL PUBLICATIONSPUBLICATIONS (ENGLISH)● Determinants of Defined-Contribution Corporate Pension Adoptions in Japan (with Y.
Horiba), Journal of Economics and Finance, Vol.45, No.3, 2021, pp.486-503.
● Determinants of Defined-Contribution Japanese Corporate Pension Coverage (with Y.
Horiba), The Japanese Accounting Review, Vol.2, 2012, pp.33-47.

● Japanese Corporate Pension Plans and the Impact on Stock Prices (with Y. Horiba),

Journal of Risk and Insurance
Insurance, Vol.70, No.2, 2003, pp.249-268.
● Determinants of the Initial Decisions by Japanese Firms to Undertake Foreign DirectInvestment (with Y. Horiba), The Japanese Finance: Corporate Finance and CapitalMarkets in Changing Japan, edited by J. J. Choi and T. Hiraki, Elsevier Science (JAI),
2003, pp.405-422.
● Determinants of Japanese Corporate Pension Coverage (with Y. Horiba), Journal of

Economics and Business, Vol.54, No.5, 2002, pp.537-555.
● Labor Unionism and Japanese Corporate Pension System (with Y. Horiba), Japan

Studies Review, Vol.1, 1997, pp.69-79.
JOURNAL PUBLICATIONS (JAPANESE)● The Analysis of Delayed Recognition in Japanese Pension Accounting, Oikonomika(Nagoya City University), Vol.57, No.1, 2022, pp.27-41.
● The Impact of Voluntary IFRS Adoption on Investment Efficiency in Japan,

Oikonomika (Nagoya City University), Vol.56, No.2, 2022, pp.17-34.
● The Relationship between Management Forecasts and the Earnings ManagementBehavior in Japan (with N. Tanahashi), Sangyo Keiri (Industrial(Industrial Accounting), Vol.81,
No.1, 2021, pp.114-122.
● The Analysis for Determinants of Pension Unfunded Liabilities and Corporate
Valuation: Internal Funding and Actuarial Losses, Securities Analysts Journal, Vol.58,
No.2, 2020, pp.79-89.
● An Investigation of the Impact on Equity Risk Using Japanese Lease Disclosures (withM. Shimizu), Securities Analysts Journal, Vol.54, No.3, 2016, pp.65-75.
● Instant Recognition in Pension Accounting and Corporate Behavior, Sangyo Keiri(Industrial Accounting)Accounting), Vol.75, No.4, 2016, pp.4-15.
● Earnings Management in Pension Accounting and Revised Jones Model,

Contemporary Disclosure Research, No.13, 2013, pp.167-180.
● The Effect of Pension Accounting on Corporate Pension Asset Allocation: Analysis forJapanese Firms Adopting U.S. Standards, Oikonomika (Nagoya City University), Vol.49,No.2, 2013, pp.79-88.
● Earnings Management of Japanese Firms toward Defined Contribution Pension
Adoption, Japan Journal of Finance, Vol.30, No.1･2, 2011, pp.2-17.
● Determinants of Expected Rate of Return on Pension Asset in Japan, Accounting,Vol.175, No.5, 2009, pp.52-66.
● Determinants of Japanese New Corporate Pension Plans, Contemporary Disclosure

Research, No.9, 2009, pp.1-15.
● Determinants of Japanese New Corporate Pension Plans: Electrical Equipment andCommerce Industry, Aging and Pension Investment, Vol.26, No.3, 2007, pp.29-34.
● Determinants of Defined Contribution Pension Plans in Japan (with Y. Horiba),

Shintaku Shoureikin Ronshu, No.28, 2007, pp.68-75.
● Do Earnings Drive Firm-Level Stock Returns in Japan? Accounting Progress, No.6,2005, pp.59-70.
● Debt Covenant and New Pension Accounting, Accounting, Vol.167, No.6, 2005, pp.6378.
● The Impact of Financial Statement Effects on the Adoption of New Pension AccountingStandards in Japan (with Y. Yoshida), Japan Journal of Finance, Vol.23, No.1, 2004,
pp.43-55.
● New Pension Information and Stock Prices, Sangyo Keiri (Industrial Accounting),
Vol.62, No.2, 2002, pp.44-53.
● Accruals and the Prediction of Future Cash Flows in Japan, Contemporary Disclosure

Research, No.3, 2002, pp.1-14.
● SFAS87 Information and Stock Prices in Japan, Explication of Corporate Financial

Strategies, edited by Japan Finance Association, Chuokeizai-Sha, Inc., 2001, pp.119-142.
● Accounting Policy in Japanese Automobile Groups, Ikouki no Tyugoku Jidousha

Sangyo (China Automobile Industry in Transition), edited by H. Shiomi, Nihon Keizai
Hyoron-Sha, 2001, pp.299-314.
● Accounting Valuation, Market Expectation and Cross-Sectional Stock Return in Japan(with M. Okumura), Accounting, Vol.158, No.3, 2000, pp.46-60.
● Can We Predict Unfunded Pension Liabilities? The Monthly Journal of the Japan

Institute of Labour, No.483, 2000, pp.11-17.
● Pension Liabilities and the Fundings in Stock and Labor Market, Kigyo Kaikei(Corporate Accounting), Vol.51, No.10, 1999, pp.46-53.
● Japanese Pension Adoption and Unfunded Liabilities, Sanseiken Forum, No.42, 1999,
pp.26-34.
● Pension Accounting Policy in Japanese Corporate Groups (with S. Kohno), Sangyo
SangyoKeiri (Industrial Accounting), Vol.59, No.2, 1999, pp.99-107.
● The Valuation of Reported Pension Measures for Firms Sponsoring Defined Benefit
Plans in Japan, Accounting, Vol.156, No.2, 1999, pp.55-69.
● Determinants of Japanese Pension Funding Strategy, Accounting, Vol.154, No.2, 1998,pp.16-27.
● Allowances for Retirement Pays and Stock Prices, Nanzan Management Review, Vol.13,

No.2, 1998, pp.151-158.
● Are Japanese Pension Liabilities Good News? Sangyo Keiri (Industrial Accounting),
Vol.57, No.3, 1997, pp.108-117.
● Notes: How Does the Market Value Unfunded Pension Liability in Japan? Oikonomika(Nagoya City University), Vol.34, No.1, 1997, pp.133-144.
● The Information Content of the Pension Introduction after Controlling for Earnings,

Hirosaki Economic Review, No.18, 1995, pp.107-115.
● Taxation and Retirement Allowance Policy in Japan, Sangyo Keiri (IndustrialAccounting), Vol.55, No.3, 1995, pp.78-87.
● The Effect of Labor Unions' Attitudes on Pension Policy, The Monthly Journal of theJapan Institute of Labour, No.396, 1992, pp.22-32.
● Relationships between Pension Adoption and Stock Price, Financial Economic Review,
No.181, 1992, pp.95-109.
● Corporate performance and the Change of Depreciation Accounting in Japan, SangyoKeiri (Industrial Accounting), Vol.51, No.4, 1992, pp.87-95.
● Firm Ownership and Executives' Retirement Policy, Accounting, Vol.142, No.2, 1992,pp.219-234.
● Firm Attributes and Executives' Retirement Plan, Hirosaki Economic Review, No.14,1991, pp.1-14.
● The Price of Convertible Bond in the Crushed and Overheated Period (with M.
Kunimura, T. Ishikawa), Investment, Vol.43, No.3, 1990, pp.2-15.
● Japanese Pension Adoption and Labor Union, Kigyo Kaikei (Corporate Accounting),
Vol.42, No.3, 1990, pp.127-132.
● Note: Depreciation Accounting Adoption, Sangyo Keiri (Industrial Accounting), Vol.49,No.3, 1989, pp.130-136.
● Taxation and Corporate Pension Policy in Japan, Japan Financial Review, No.11, 1989,pp.55-75.
● Taxation and Corporate Pension Policy, Oikonomika (Nagoya City University), Vol.26,No.1, 1989, pp.111-124.
EXTERNAL
EXTERNAL GRANTS
Grants-in-Aid for Scientific Research (Japan Society for the Promotion of Science),
Scientific Research (C), The Information Analysis of Impaired Assets in the Covid-19
Disaster, 2023-2026.
Grants-in-Aid for Scientific Research (JSPS), Scientific Research (C), The Impact of Fair-Value Pension Accounting on Firm Value in Japan, 2020-2023.
Grants-in-Aid for Scientific Research (JSPS), Scientific Research (C), DefinedContribution Pension Adoption and Corporate Size Effect, 2017-2019.
Research Project Grant (The Japanese Association for Research in Disclosure), Principal
Investigator: M. Kunimura, Accounting Disclosure and Income Smoothing Behavior inJapan, 2015.
Grants-in-Aid for Scientific Research (JSPS), Scientific Research (C), The Fundamental
Analysis of Instant Recognition for Pension Liabilities, 2012-2015.
Research Project Grant (The Japanese Association for Research in Disclosure), Principal
Investigator: A. Usui, Great East Japan Earthquake and Disclosure, 2012-2014.
Grants-in-Aid for Scientific Research (JSPS), Scientific Research (C), Comprehensive
Analysis of the Earnings Management in Pension Accounting, 2009-2011.
Nomura Foundation Grant, Earnings Management of Japanese Firms toward DefinedContribution Pension Adoption, 2009.
Grants-in-Aid for Scientific Research (JSPS), Scientific Research (A), Principal
Investigator: Y. Tomosugi, The Reliability of Financial Information, 2005-2007.
Shikishima Academic Foundation Grant, Accounting Big Bath and Corporate Behavior,
2004.
Grants-in-Aid for Scientific Research (JSPS), Scientific Research (C), DefinedContribution Pension Adoption in Japanese Corporate Restructuring, 2003-2005.
Shintaku Ginko Kyokai (The Association of Japanese Trust Banks) Grant, Principal
Investigator: Y. Horiba, Determinants of Defined-Contribution Corporate Pension
Adoption, 2003.
Industrial Management Research Center (Nihon University) Grant, Principal
Investigator: A. Imafuku, Economic Effects of New Pension Accounting Standard forJapanese Firms, 2000-2001.
Grants-in-Aid for Scientific Research (JSPS), Scientific Research (C), Principal
Investigator: M. Okumura, Analysts Forecasts, EBO Model and Long-term StockReturns, 2000-2001.
Nomura Foundation Grant, Japanese Corporate Pension Plans and the Impact on Stock
Price, 1999.
Grants-in-Aid for Scientific Research (JSPS), Scientific Research (B), Principal
Investigator: Y. Hoshino, Japanese Accounting Policy after the Collapse of Bubble
Economy, 1996-1998.