Updated on 2022/05/25

写真a

 
YAEKURA, Takashi
 
Affiliation
Faculty of Commerce, School of Commerce
Job title
Professor

Concurrent Post

  • Faculty of Political Science and Economics   School of Political Science and Economics

Research Institute

  • 2019
    -
     

    産業経営研究所   兼任研究所員

Education

  •  
    -
    2001

    University of Illinois Graduate School   School of Commerce   Department of Accountancy  

  •  
    -
    1991

    Cornell University   Johnson Graduate School of Management  

  •  
    -
    1986

    The University of Tokyo   Faculty of Law  

Degree

  • Cornell University   Master of Business Administration

  • University of Illinois at Urbana-Champaign   Doctor of Philosophy in Accountancy

Research Experience

  • 2015
    -
    Now

    Waseda University   Faculty of Commerce   Professor

  • 2004
    -
    2015

    Hosei University Faculty of Business Administration Department of Business Strategy   Professor

  • 2001
    -
    2004

    :筑波大学講師

  • 2001
    -
    2004

    :Assistant Professor, University of Tsukuba-Tokyo

  • 1998
    -
    2001

    :国際大学講師

  • 1998
    -
    2001

    :Assistant Professor, International University of Japan

  • 1986
    -
    1993

    :三和銀行

  • 1986
    -
    1993

    :Sanwa Bank, Ltd.

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Professional Memberships

  •  
     
     

    American Accounting Association

  •  
     
     

    日本ファイナンス学会

  •  
     
     

    日本会計研究学会

  •  
     
     

    European Accounting Association

  •  
     
     

    American Accounting Association

  •  
     
     

    European Accounting Association

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Research Areas

  • Accounting

  • Philosophy and ethics

Research Interests

  • 科学哲学

  • 経営分析

  • 財務会計

  • Philosophy of Science

  • Financial Statement Analysis

  • Financial Accounting

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Books and Other Publications

  • 事業継続能力監査と倒産予測モデル

    同文館出版  2008 ISBN: 9784495191610

  • Going-concern opinion and bankruptcy prediction models

    Dobunkan Publishing  2008 ISBN: 9784495191610

  • 無形資産の会計

    中央経済社  2006 ISBN: 4502265306

  • Accounting for Intangibles

    Chuo-Keizai-sha  2006 ISBN: 4502265306

  • Asian Accounting Handbook

    Thomson Asia  2005

  • 詳解 討議資料・財務会計の概念フレームワーク

    中央経済社  2005

  • テキスト国際会計基準 第2版

    白桃書房  2005

  • Asian Accounting Handbook

    Thomson Asia  2005

  • ディスクロージャーと企業価値

    財務会計基準機構  2004

  • マクロ会計政策の評価

    神戸大学経済経営研究所  2002

  • テキスト国際会計基準

    白桃書房  2001

  • 企業分析入門(第2版)

    東京大学出版会  2001

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Misc

  • 倒産予知モデルと企業継続能力監査

    八重倉 孝, 高橋美穂子, 八重倉孝

    産業経理   64 ( 4 ) 32 - 42  2005

  • 「業績報告」を取り巻く状況

    八重倉 孝, 八重倉孝

    企業会計   57 ( 4 ) 68 - 69  2005

  • 会計基準の収れんは投資家にとって有益か

    八重倉 孝, 八重倉孝

    証券アナリストジャーナル   43 ( 5 ) 16 - 25  2005

  • 「業績報告」の論点(1)

    八重倉 孝, 八重倉孝

    企業会計   57 ( 5 ) 68 - 69  2005

  • 「業績報告」の論点(2・完)

    八重倉 孝, 八重倉孝

    企業会計   57 ( 6 ) 68 - 69  2005

  • An Analysis of the Difficulty in Correctly Identifying Discretionary Accruals

    八重倉 孝, Takashi Yaekura, David A. Ziebart

    Advances in Quantitative Analysis of Finance and Accounting   1 ( 1 )  2004

  • An Analysis of the Difficulty in Correctly Identifying Discretionary Accruals

    TAKASHI Yaekura, Takashi Yaekura, David A. Ziebart

    Advances in Quantitative Analysis of Finance and Accounting   1 ( 1 )  2004

  • 連結決算と実証会計研究

    八重倉 孝, 八重倉孝

    企業会計   53 ( 1 ) 110 - 112  2003

  • IASB「業績報告プロジェクト」の問題点

    八重倉 孝, 八重倉孝

    JICPAジャーナル   15 ( 2 ) 33 - 36  2003

  • 連結決算と実証会計研究(続)

    八重倉 孝, 八重倉孝

    企業会計   53 ( 2 ) 94 - 96  2003

  • 証券投資分析における会計情報の役割

    八重倉 孝, 八重倉孝

    企業会計   55 ( 9 ) 59 - 64  2003

  • ディスクロージャーと企業価値

    八重倉 孝, 八重倉孝

    ディスクロージャーフォーラム   1 ( 1 ) 102 - 110  2003

  • 書評:キャッシュ・フロー会計情報の有用性

    八重倉 孝, 八重倉孝

    企業会計   53 ( 7 ) 79  2001

  • 会計基準設定と企業評価モデル

    八重倉 孝, 八重倉孝

    會計   160 ( 2 ) 55 - 61  2001

  • The Accuracy and Bias of Equity Values Inferred from Analysts' Earnings Forecasts

    八重倉 孝, Theodore Sougiannis, Takashi Yaekura

    Journal of Accounting, Auditing, and Finance   16 ( 4 ) 331 - 362  2001

    DOI

  • The Accuracy and Bias of Equity Values Inferred from Analysts' Earnings Forecasts

    TAKASHI Yaekura, Theodore Sougiannis, Takashi Yaekura

    Journal of Accounting, Auditing, and Finance   16 ( 4 ) 331 - 362  2001

    DOI

  • 業績指標と株価 -キャッシュ・フロー、EVA(TM)、およびOhlsonモデル-

    八重倉 孝, 八重倉孝

    管理会計学   8 ( 1-2 ) 157 - 167  2000

  • 書評:資本市場理論に基づく会計学入門

    八重倉 孝, 八重倉孝

    企業会計   52 ( 7 ) 79  2000

  • 国際会計基準 国際会計基準対米国会計基準―投資意思決定有用性の観点から―

    八重倉 孝, 八重倉孝

    証券アナリストジャーナル   37 ( 4 ) 54 - 61  1999

  • 書評:企業分析入門

    八重倉 孝, 八重倉孝

    會計   156 ( 3 ) 463 - 466  1999

  • 会計数値による企業評価-Ohlsonモデルの実務への適用-

    八重倉 孝, 八重倉孝

    JICPAジャーナル   10 ( 4 ) 58 - 59  1998

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Awards

  • 米国会計学会国際会計部会最優秀博士論文賞

    2001  

  • Outstanding Doctoral Dissertation Award

    2001  

  • 国際会計教育研究学会青木倫太郎賞(最優秀論文賞)

    2000  

  • Rintato Aoki Award (Best Paper Award)

    2000  

  • 米国会計学会中西部地区総会最優秀論文賞

    1998  

  • Best Paper Award

    1998  

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Research Projects

  • 戦略的情報開示が資本市場に及ぼす影響についての総合研究

    日本学術振興会  科学研究費助成事業 基盤研究(B)

    Project Year :

    2019.04
    -
    2023.03
     

    八重倉 孝, 奥村 雅史, 中井 誠司, 亀岡 恵理子

  • A Reconstruction of Accounting Research Method

    Japan Society for the Promotion of Science  Grants-in-Aid for Scientific Research Grant-in-Aid for Challenging Exploratory Research

    Project Year :

    2016.04
    -
    2019.03
     

    YAEKURA TAKASHI

     View Summary

    I tried to establish the accounting research method by combining the conclusions of examination about each of normative research and empirical research. Specifically, I summarized a unified research method of accounting that transcends the normative theory and the empirical theory. In the process, I examined each point so that it became clear that there was a major deficiencies in existing research. Some of the research results have been published in academic journals and journals.

  • The comprehensive research on accounting-based firm valuation

    Japan Society for the Promotion of Science  Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (A)

    Project Year :

    2007
    -
    2009
     

    SAKURAI Hisakatsu, ISHIKAWA Hiroyuki, OTOGAWA Kazuhisa, OBINATA Takashi, KOJIMA Koji, SAKURAI Takanori, SUDA Kazuyuki, TSUTIDA Toshiya, NAKANO Makoto, YAEKURA Takashi, YOSANO Tadanori, WAKABAYASHI Hiromi, KITAGAWA Norio, GOTOU Masatoshi, TAKADA Tomomi, MURAMIYA Katsuhiko

     View Summary

    We extensively investigated various issues of evaluating firm value based on accounting information. We then obtained many valuable results about (i) whether accounting-based firm valuation has actual usefulness in the context of highly efficient stock markets, (ii) whether one accounting-based firm valuation has more advantages than other valuation models, and (iii) what are characteristics of financial/capital cost data necessary as inputs of firm valuation models and how to predict them in the future periods.

  • A Study on Reporting Financial Performance

    Japan Society for the Promotion of Science  Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C)

    Project Year :

    2006
    -
    2007
     

    YAEKURA Takashi

     View Summary

    The purpose of this study is to perform comparison of the net income and comprehensive income as a performance measure from a viewpoint of a predictive value. This study focuses on comprehensive income that the IASB and FASB are going to introduce through their'Reporting Financial Performance Project,'net income, and their difference that is often called'Other Comprehensive Income.'This study compares these two income numbers from the perspective that aims at estimating firms' intrinsic values.
    In performing simulations, I used the predictive ability of each performance measure as the measure of the usefulness. In order to compare the predictive ability of net income and comprehensive income, the future cash flow of the company was generated at random, and I compared the prediction ability of net income and comprehensive income calculated from there. Next, in order to compare net income, comprehensive income, and the pseudo net income that does not include recycle, financial assets were introduced into the above-mentioned model, and it was verified whether the usefulness of predictive ability would be influenced by the existence of recycling.
    The result showed that it was the easiest to predict net income about future performance prediction. This result means that the usefulness of net income is higher than others for an investor. That is, it became obvious from a viewpoint of investment decision-making usefulness to abolish net income which International Accounting Standards Board asserts, and to display comprehensive income(and false net income) is unjustifiable.

  • Research on Models of the ability of a corporation as a going concern

    Japan Society for the Promotion of Science  Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (A)

    Project Year :

    2004
    -
    2006
     

    TAKADA Toshifumi, SAKAGAMI Manabu, SHIRATA Yoshiko, HASHIMOTO Takashi, YAEKURA Takashi, OIKAWA Takuya

     View Summary

    In Japan, auditors have mentioned in their audit report the financially distressed condition if the client's company loses its ability as a going concern. It is said that the default company generally has been in a financially distressed condition before bankrupt and that the auditor is required to investigate such condition and management plan to resolve the financially distressed condition. This type of investigation is generally called Going Concern Audit or Financially Distressed Company Audit. Japanese Audit Standard has adopted an indirect reporting system of Going Concern Audit but the auditors must evaluate the ability of the client company as a going concern. Our research is oriented to the evaluation process of the auditors.
    The objectives of our research are following.
    1.We reported the state of audit of the ability of the client company as a going concern in Japan.
    2.We made an scrutiny check on a linear disriminat model. Altman Model is very famous and we checked some other models
    3.We proposed two new models, one is a proportional Hazard Model and the other is Artificial Intelligence Model
    We have made presentations at the annual meeting both domestic association and foreign association, Japan Accounting Association, American Accounting Association, and Asia Pacific Conference on International Accounting Issues. We are planning to publish our research in the near future

  • 日本の株式市場における企業評価モデルの有用性に関する実証研究

    日本学術振興会  科学研究費助成事業 奨励研究(A)

    Project Year :

    1999
    -
    2000
     

    八重倉 孝

     View Summary

    米国市場において、会計利益による企業評価モデル(Ohlsonモデル)が、投資家の意思決定に際して極めて有用なツールである事が実証研究によって明らかにされつつあります。本研究は、我が国の株式市場における会計利益による企業評価モデル(Ohlsonモデル)の有用性を検証するとともに、外国市場における当該モデルの有用性との比較により、我が国の会計システムの投資意思決定における有用性を明らかすることを主たる目的として遂行されました。具体的には、株価および株式の投資収益率が企業評価モデルによってどの程度説明され得るのか、また、企業評価モデルによって株価および株式の投資収益率をどの程度予測し得るのかを、2年間にわたって実証して参りました。
    初年度は下記について研究を行いました(昨年度報告済)。
    1.データベースの構築
    2.単体ベースによる実証・ワーキング・ペーパーの作成
    第二年度は、初年度の研究を連結決算ベースに拡張し、併せて日米間の比較検討を行いました。
    現時点での結論として、会計利益による企業評価モデルを使用することにより、わが国においても投資家は超過利益を獲得することができることができる、しかし、他の指標、とくに純資産簿価・株価比率を用いた投資戦略との比較において、米国では会計利益による企業評価モデルが優位なのに対して我が国では反対の結果がもたらされていることが分かりました。その理由としては、日米企業間のファンダメンタルスの相違が挙げられることが分かりましたが、会計基準の相違も理由として棄却されるに至っておらず、更なる検証を必要としております。

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Specific Research

  • 地理的表示がブランド価値に与える影響についての研究

    2015  

     View Summary

    This study aims at identifying the appropriate approach to measure the brand values that arises from geographical identification (hereafter GI).  This study was motivated by the introduction of GI by the Japanese government in 2015.  This study demonstrates the foundation for evaluating the potential economic benefit of GI through the measurement of its brand value.  The foundation can be used to help evaluate the effectiveness of GI policy in Japan in the near future.  The extant literature on the value of GI is restricted to the analyses of price premium.  While the price premium is certainly an important component of brand value and hence corporate value, the cost of generating and maintaining the GI has not been considered so far.The key issue is that it is not sufficient to measure the price premium and volume increase due to GI.  One must also estimate the cost incurred to maintain GI, which could be significant.

 

Syllabus

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Teaching Experience

  • 会計学入門

    法政大学  

  • 基礎会計学

    早稲田大学  

  • 経営分析

    法政大学  

  • 財務会計論

    早稲田大学,武蔵大学,筑波大学  

 

Committee Memberships

  • 2004
    -
    Now

    IASB/FASB Joint International Group 委員(2004年~現在)

  • 2004
    -
    Now

    Member, IASB/FASB Joint International Group(2004-present)

  • 2008
    -
    2010

    不動産鑑定士試験論文式試験試験委員(2008年~2010年)

  • 2008
    -
    2010

    Examiner, Real Estate Appraiser Examination(2008-2010)