Akinobu SHUTO
Associate Professor of Accounting,
The University of Tokyo
Akinobu Shuto is an associate professor of accounting at the Graduate School of Economics, The University of Tokyo. His research mainly investigates accounting issues concerning Japanese firms including earnings management, fraud, accounting conservatism, executive compensation, debt contract, ownership structure, and management earnings forecasts. Prior to his appointment at The University of Tokyo in 2015, he was an associate professor at Kobe University and assistant professor at Senshu University. He has held visiting positions at some universities, including the School of Management, Yale University, and the Leonard N. Stern School of Business, New York University. He holds a bachelor's and master's degrees from Kansai University and a PhD from Kobe University in Japan.
Profile:
Akinobu SHUTO, Ph.D,
Associate Professor of Accounting
Graduate School of Economics, The University of Tokyo.
Hongo, Bunkyo-ku, Tokyo, 113-0033, Japan.
Office: 1006 Economics Research Building
Email: shuto@e.u-tokyo.ac.jp
CV (English)
Research Interests:
earnings management, accounting conservatism, corporate governance, executive compensation, debt contract, ownership structure, management earnings forecast, accounting fraud
Education:
Ph.D. Graduate School of Business Administration, Kobe University, 2011
M.S. Graduate School of Commerce, Kansai University, 1999
B.A. School of Commerce, Kansai University, 1997
Positions:
Associate Professor, Graduate School of Economics, The University of Tokyo, April 2015 to present
Associate Professor, Research Institute for Economics and Business Administration, Kobe University, April 2008 to March 2015
Associate Professor of Accounting, Faculty of commerce, Senshu University, 2004 to 2008.
Assistant Professor of Accounting, Faculty of commerce, Senshu University, 2002 to 2004.
Visiting:
Visiting Scholar, the School of Management, Yale University, July 2012 to Jun 2013.
Visiting Scholar, the Leonard N. Stern School of Business, New York University, September 2011 to Jun 2012.
Other Professional Position:
National Tax College , National Tax Agency , Visiting Professor, 2019 to present.
Ernst & Young ShinNihon LLC., Technical Adviser, 2016 to present.
Institute for Monetary and Economic Studies, Bank of Japan, Visiting Scholars, 2016 to 2018.
Financial Technology Research Institute, Inc., Technical Adviser, 2015 to 2018.
Working paper:
"The Effect of the Balance Sheet Approach on the Usefulness of Accounting Information in Assessing Bank Default Risk" (with Demerjian, Peter R. and Ito, Kodai) 2021. Available at SSRN: https://ssrn.com/abstract=3828678
"Accounting Quality and Investment Efficiency in a Bank-Centered Economy: Evidence from the 2001 Bank Shareholding Limitation Act of Japan" (Enomoto, Masahiro, Jung, Boochun and Rhee, S. Ghon ) 2020. Available at SSRN: https://ssrn.com/abstract=3650677
"The Effect of Bank Monitoring on the Demand for Earnings Quality in Bond Contract" (with Norio Kitagawa, and Naoki Futaesaku) IMES Discussion Paper Series, 2017-E-12.
“Credibility of management earnings forecasts and future returns” (with Norio Kitagawa) Working paper, CARF-F-367, 2015 (latest version).
“Managerial discretion over initial management earnings forecasts” (with Takuya Iwasaki and Norio Kitagawa) Working paper, CARF-F-369, 2015 (latest version).
Selected Publications:
"Budget Ratcheting and Debtholders’ Monitoring: Evidence from Private Colleges and Universities" (with Kuroki, Makoto) Journal of Management Accounting Research, forthcoming.
"Are more able managers good future tellers? Learning from Japan," (with Souhei Ishida, and Takuma Kochiyama ) Journal of Accounting and Public Policy, forthcoming.
“Management earnings forecasts and the cost of debt” (with Norio Kitagawa) Journal of Accounting, Auditing & Finance, forthcoming.
“Management earnings forecasts as a performance target in executive compensation contracts” (with Shota Otomasa, and Atsushi Shiiba) Journal of Accounting Auditing and Finance 35(1): 139–167, 2020.
“The role of accounting conservatism in executive compensation contracts” (with Takuya Iwasaki, Shota Otomasa, and Atsushi Shiiba) Journal of Business Finance and Accounting 45 (9-10): 1139-1163, 2018.
“Predicting accounting fraud: Evidence from Japan” (with Song Mingzi and Naoto Oshiro) The Japanese Accounting Review 6: 17-63, 2016.
“The effect of institutional factors on discontinuities in earnings distribution: Public versus private firms in Japan,” (with Takuya Iwasaki) Journal of Accounting Auditing and Finance 30 (3): 283-317, 2015.
“Stable shareholdings, the decision horizon problem and pattern of earnings management,” (with Takuya Iwasaki) Journal of Business Finance and Accounting 41 (9-10): 1212-1242, 2014.
“The effect of managerial ownership on the cost of debt: Evidence from Japan,” (with Norio Kitagawa) Journal of Accounting Auditing and Finance 26 (3): 590-620, 2011.
“Managerial ownership and accounting conservatism: Empirical evidence from Japan,” (with Tomomi Takada) Journal of Business Finance and Accounting 37 (7-8): 815-840, 2010.
“The relative and incremental explanatory powers of dirty surplus items for debt interest rate,” (with Shota Otomasa, Kazuyuki Suda) Journal of International Accounting, Auditing and Taxation 18 (2): 119-131, 2009.
“Earnings management to exceed the threshold: A comparative analysis of consolidated and parent-only earnings,” Journal of International Financial Management and Accounting 20 (3): 199-239, 2009.
“Managerial ownership and earnings management: Theory and empirical evidence from Japan,” (with Nobuyuki Teshima) Journal of International Financial Management and Accounting 19 (2):107-132, 2008.
“Executive compensation and earnings management: Empirical evidence from Japan,” Journal of International Accounting, Auditing and Taxation 16 (1): 1-26, 2007.
Published books:
“Earnings Management: Theory and Empirical Evidence from Japan” chuuokeizaisha, March, 2010, in Japanese.
“Earnings management to meet earnings benchmarks: Evidence from Japan,” (with Kazuyuki Suda) In Focus on finance and accounting research, edited by M. H. Neelan. New York: Nova Science Publishers: 67-85, 2007.