Directory of Researchers

FUJIYAMA Keishi
Research Institute for Economics and Business Administration / Corporate Information Unit
Associate Professor
Business / Economics
Last Updated :2022/01/10

Researcher Profile and Settings

Affiliation

  • <Faculty / Graduate School / Others>

    Research Institute for Economics and Business Administration / Corporate Information Unit

Research Activities

Research Interests

  • IFRS
  • asset impairment
  • employee
  • income smoothing
  • earnings management
  • financial reporting

Research Areas

  • Humanities & social sciences / Accounting

Awards

  • Nov. 2017 京都大学経営管理研究部みずほ証券寄附講座, 2017年度みずほ証券寄附講座研究奨励賞 最優秀賞, Fixed asset impairment accounting and employee negotiations: Evidence from Japan

    FUJIYAMA Keishi

    Publisher

  • Oct. 2011 Asian-Pacific Conference, The Vernon Zimmerman Best Paper Award (Best Doctoral Student Paper), Asian-Pacific Conference on International Accounting Issues

    FUJIYAMA Keishi

    International society

Published Papers

  • Keishi Fujiyama, Makoto Kuroki

    ABSTRACT Prior research shows that managers make income-decreasing accounting choices around labor negotiations and predicts that managers disclose bad news during labor negotiations. This study extends the literature by investigating whether disclosure and financial statement reporting practices are consistent during employee downsizing years. Using data from Japanese domestic firms during the period 2002–2016, we find that beginning-of-period management forecasts (i.e., disclosure) are positively associated with during-period negative stock returns for downsizing firms but not for non-downsizing firms. Also, downsizing firms report more conservative earnings at the end of the fiscal year (i.e., financial statement reporting). Our supplementary analyses show no difference in an association between management forecast errors and stock returns between downsizing and non-downsizing firms with during-period negative stock returns, nor in an association between discretionary accruals and employee downsizing. These results suggest that managers strategically inform firms' prospects during employee downsizing years. JEL Classifications: G34; J51; M41. Data Availability: Data are available from the public sources cited in the text.

    American Accounting Association, 01 Dec. 2020, Journal of International Accounting Research, 19 (3), 91 - 109, English

    [Refereed]

    Scientific journal

  • Re-examining Non-Current Asset Impairment Timeliness in Japan

    Keishi Fujiyama

    Nov. 2020, RIEB Discussion Paper Series, No.2020-31, English

    Research society

  • 従業員と会計・情報開示

    藤山 敬史, 森脇 敏雄, 深谷 優介

    Apr. 2020, 国民経済雑誌, 221 (4), 37 - 54, Japanese

  • The Effect of Voluntary IFRS Adoption on Information Asymmetry: Evidence from Japan

    Jong-Hoon KIM, Keishi FUJIYAMA, Yuya KOGA

    Nov. 2018, RIEB Discussion Paper Series, DP2018-21, Research Institute for Economics & Business Administration, Kobe University

  • Dynamics of Standard Setter's Translation: 'Goodwill' in Japanese GAAP

    Saori MATSUBARA, Takahiro ENDO, Keishi FUJIYAMA

    Mar. 2018, RIEB Discussion Paper Series, DP2018-08, Research Institute for Economics & Business Administration, Kobe University

  • 日本企業による利益平準化

    FUJIYAMA Keishi, 古賀 裕也

    神戸大学経済経営学会, Mar. 2018, 国民経済雑誌, 217 (3), 57 - 81, Japanese

    Scientific journal

  • Asset Impairment Accounting Decisions and Employee Downsizing in Japan

    FUJIYAMA Keishi

    Mar. 2016, RIEB Discussion Paper Series, DP2016-10, Research Institute for Economics & Business Administration, Kobe University

  • 解題深書 会計ジャーナル研究入門

    FUJIYAMA Keishi

    中央経済社, Dec. 2015, 企業会計, 67 (12), 1699 - 1703, Japanese

    Scientific journal

  • 固定資産の減損損失の適時性

    FUJIYAMA Keishi

    日本インベスター・リレーションズ学会, Oct. 2014, インベスター・リレーションズ, (8), Japanese

    [Refereed]

    Scientific journal

  • Quarterly Earnings Management around the World: Loss Avoidance or Earnings Decrease Avoidance?

    FUJIYAMA Keishi, KAGAYA Tetsuyuki, SUZUKI Tomohiro, TAKAHASHI Yukari

    Hitotsubashi University, Oct. 2014, Hitotsubashi journal of Commerce and Management, 48 (1), 1 - 30, English

    Scientific journal

  • 減損損失計上の意思決定に及ぼす経営者交代の影響

    FUJIYAMA Keishi

    産業經理協會, Jul. 2014, 産業経理, 74 (2), 157 - 168, Japanese

    Scientific journal

  • The Influences of Culture on Goodwill Impairment Loss Decisions: Evidence from EU firms

    Keishi FUJIYAMA, Sidney GRAY

    Jun. 2014, Working Paper, The Hitotsubashi University Center for Japanese

  • The Influence of Informal Institutions on Impaired Asset Write-offs: Securing Future and Current Pies for Payout in Japan

    FUJIYAMA Keishi

    Springer Japan, Feb. 2014, Kunio Ito and Makoto Nakano (Eds.) "International Perspectives on Accounting and Corporate Behavior", 161 - 186, English

    Scientific journal

Presentations

  • 日本企業に対するKhan and Watts(2009)によるCスコア適用の妥当性について

    山下 知晃, 藤山 敬史

    日本会計研究学会第78回大会, Sep. 2019, Japanese

    Oral presentation

  • Transitioning from a bank towards an equity financing system in Japan: The impact of income smoothing practice over 40 years (co-authored with S. Gray and Y. Koga)

    FUJIYAMA Keishi

    42nd Annual Congress of the European Accounting Association, May 2019, English, European Accounting Association, Aliathon Holiday Village, Cyprus, International conference

    Oral presentation

  • The effect of voluntary IFRS adoption on information asymmetry: Evidence from Japan (co-authored with J. Kim and Y. Koga)

    FUJIYAMA Keishi

    42nd Annual Congress of the European Accounting Association, May 2019, English, European Accounting Association, Aliathon Holiday Village, Cyprus, International conference

    Oral presentation

  • The effect of Voluntary IFRS adoption on Information Asymmetry: Evidence from Japan

    KIM Jonghoon, FUJIYAMA Keishi, KOGA Yuya

    日本会計研究学会第68回関西部会, Dec. 2018, Japanese, 日本会計研究学会, 京都産業大学, Domestic conference

    Oral presentation

  • The Influence of National Culture on Goodwill Impairment Recognition under IFRS: Evidence from the European Union

    FUJIYAMA Keishi, GRAY Sidney

    13th World Congress Accounting Educators and Researchers, Nov. 2018, English, International Association for Accounting Education and Research, Sydney, Australia, International conference

    Oral presentation

  • An Experimental Study of the Effect of Accounting Transparency on Impairment Loss Recognition

    FUJIYAMA Keishi, MIWA Kazunori, TAGUCHI Satoshi

    International Association for Accounting Education and Research (IAAER) 13th World Congress, Nov. 2018, English, International Association for Accounting Education and Research (IAAER), University of Sydney Business School, International conference

    Oral presentation

  • (討論) Foreign Investors and Implied Cost of Equity Capital: Evidence from Korean Stock Market (Chang Seop Rhee, Hong-min Chun)

    FUJIYAMA Keishi

    日本会計研究学会第77回全国大会, Sep. 2018, English, 日本会計研究学会, 神奈川大学, International conference

    Others

  • The Impact of Shifting from a Bank Towards an Equity Financing System on Accounting Practice:The Case of Income Smoothing in Japan over 40 Year

    FUJIYAMA Keishi, GRAY Sidney, KOGA Yuya

    日本会計研究学会第77回全国大会, Sep. 2018, Japanese, 日本会計研究学会, 神奈川大学, Domestic conference

    Oral presentation

  • National Institutional Factors and Accounting for Goodwill: The Case of Goodwill Impairment Recognition under IFRS in Europe

    FUJIYAMA Keishi, GRAY Sidney

    Korean Accounting Association 2018 Annual Summer International Conference, Jun. 2018, English, Korean Accounting Association, The Ocean Resort, Yeosu, Korea, International conference

    Oral presentation

  • (司会)"Concurrent Session A"

    FUJIYAMA Keishi

    The 8th International Conference of THE JAPANESE ACCOUNTING REVIEW, Jan. 2018, English, 神戸大学, 神戸大学, International conference

    Others

  • Employee Downsizing and Accounting Choices

    FUJIYAMA Keishi

    台湾会計学会, Nov. 2017, English, 台湾会計学会, 中国文化大学, International conference

    Oral presentation

  • An Experimental Study of the Effect of Accounting Transparency on Impairment Loss Recognition

    FUJIYAMA Keishi

    The 18th Annual Conference of the Asian Academic Accounting Association, Nov. 2017, English, the Asian Academic Accounting Association, Bali, Indonesia, International conference

    Others

  • (司会)国際院生セッション

    FUJIYAMA Keishi

    日本会計研究学会第76回全国大会, Sep. 2017, Japanese, 日本会計研究学会, 広島大学, Domestic conference

    Others

  • 日本企業と利益平準化

    FUJIYAMA Keishi

    The Outer Research in Accounitng Workshop, Mar. 2017, Japanese, The Outer Research in Accounitng Workshop, 九州産業大学, Domestic conference

    Oral presentation

  • (司会)"Concurrent Session D"

    FUJIYAMA Keishi

    The 7th International Conference of THE JAPANESE ACCOUNTING REVIEW, Jan. 2017, English, 神戸大学, 神戸大学, International conference

    Others

  • National Culture and the Implementaion of IFRS in Europe: Management Recogmition of Post- M&A Valuation Losses

    FUJIYAMA Keishi

    台湾会計学会, Dec. 2016, English, 台湾会計学会, 国立雲林科技大学, International conference

    Oral presentation

  • (司会)Concurrent Session

    FUJIYAMA Keishi

    The 17th Annual Conference of the Asian Academic Accounting Association, Nov. 2016, English, Asian Academic Accounting Association, Riverside MajesticHote, Malaysia, International conference

    Oral presentation

  • Earnings Attribute around Downsizing: Evidence from Japanese Domestic Firms

    FUJIYAMA Keishi, KUROKI Makoto

    The 17th Annual Conference of the Asian Academic Accounting Association, Nov. 2016, English, Asian Academic Accounting Association, Riverside MajesticHote, Malaysia, International conference

    Oral presentation

  • 人員削減前後の利益属性

    FUJIYAMA Keishi, 黒木 淳

    日本会計研究学会第75回年次大会, Sep. 2016, Japanese, 日本会計研究学会, 静岡コンベンションアーツセンター, Domestic conference

    Oral presentation

  • 減損会計と透明性― 経営者と監査人における意見対立の開示効果の実験研究―

    MIWA Kazunori, TAGUCHI Satoshi, FUJIYAMA Keishi

    日本会計研究学会第75回年次大会, Sep. 2016, Japanese, 日本会計研究学会, 静岡コンベンションアーツセンター, Domestic conference

    Oral presentation

  • Downsizing, Impairment Recognition Timing, and Non-Executive Employee Ownership: A Japanese Perspective

    FUJIYAMA Keishi

    American Accounting Association 2016 Annual Meeting, Aug. 2016, English, American Accounting Association, Hilton and Sheraton Times Square, International conference

    Oral presentation

  • Cultural Influences on Goodwill Impairment Loss Decisions: Evidence from the European Union

    FUJIYAMA Keishi

    American Accounting Association 2016 Annual Meeting, Aug. 2016, English, American Accounting Association, Hilton and Sheraton Times Square, International conference

    Oral presentation

  • Downsizing, Impairment Recognition Timing, and Non-Executive Employee Ownership: A Japanese Perspective

    FUJIYAMA Keishi

    Korean Accounting Association, Jun. 2016, English, 韓国会計学会, Del pino Golf & Resort, International conference

    Oral presentation

  • Downsizing, Impairment Recognition Timing, and Non-Executive Employee Ownership: A Japanese Perspective

    FUJIYAMA Keishi

    第3回定量的会計ワークショップ・大阪大学経営研究会, May 2016, English, 定量的会計ワークショップ・大阪大学経営研究会, 大阪大学, Domestic conference

    Oral presentation

  • (司会)

    FUJIYAMA Keishi

    The 6th International Conference of THE JAPANESE ACCOUNTING REVIEW, Dec. 2015, English, 神戸大学経済経営研究所, 神戸大学, International conference

    Others

  • 減損損失計上時の人員削減と所有構造

    FUJIYAMA Keishi

    日本会計研究学会第74回大会, Sep. 2015, Japanese, 日本会計研究学会, 神戸大学, Domestic conference

    Oral presentation

  • The Influences of Culture on Goodwill Impairment Loss Decisions: Evidence from EU firms

    FUJIYAMA Keishi

    日本会計研究学会第73回大会, Sep. 2014, English, 日本会計研究学会, 横浜国立大学, Domestic conference

    Oral presentation

  • 固定資産の減損損失の計上タイミングに関する実証的考察

    FUJIYAMA Keishi

    日本会計研究学会第72回大会, Sep. 2013, Japanese, 日本会計研究学会, 中部大学, Domestic conference

    Oral presentation

  • The Influence of Informal Institutions on Impaired Asset Write-offs: Securing Future and Current Pies for Payout in Japan

    FUJIYAMA Keishi

    36th European Accounting Association Annual Congress, May 2013, English, Paris-Dauphine University, Paris, France, International conference

    Oral presentation

  • Securing Future and Current Pies for Payout and Impaired Asset Write-Offs: Evidence from Japan

    FUJIYAMA Keishi

    American Accounting Association 2013 International Accounting Section Midyear Meeting, Feb. 2013, English, American Accounting Association-International Accounting Section, Savannah, Georgia, the United States, International conference

    Oral presentation

  • The Determinants of Impaired Long-Lived Asset Write-offs: Evidence from Japan

    FUJIYAMA Keishi

    The 13th Annual Conference of the Asian Academic Accounting Association, Nov. 2012, English, Kyoto University, Kyoto, Japan, International conference

    Oral presentation

  • 日本企業の滅損損失の決定要因

    FUJIYAMA Keishi

    日本会計研究学会第71回大会, Sep. 2012, Japanese, 日本会計研究学会, 一橋大学, Domestic conference

    Oral presentation

  • QUARTERLY EARNINGS MANAGEMENT AROUND THE WORLD: LOSS AVOIDANCE OR EARNINGS DECREASE AVOIDANCE?

    FUJIYAMA Keishi

    23rd Asian-Pacific Conference on International Accounting Issues, Oct. 2011, English, Beijing, China, International conference

    Oral presentation

Association Memberships

  • 日本インベスター・リレーションズ学会

  • 日本会計研究学会

  • European Accounting Association

  • American Accounting Association

Research Projects

Social Contribution

  • Associate Editor, Asia-Pacific Journal of Accounting & Economics

    Editor, Jan. 2020 - Present

  • Co-editor, The Japanese Accounting Review

    Editor, Jan. 2020 - Present