Cindy Yoshiko Shirata

Cindy Yoshiko Shirata
Tokyo International University · Faculty of Commerece

PhD Business Administration, University of Tsukuba

About

20
Publications
12,027
Reads
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88
Citations
Citations since 2016
0 Research Items
62 Citations
2016201720182019202020212022024681012
2016201720182019202020212022024681012
2016201720182019202020212022024681012
2016201720182019202020212022024681012
Additional affiliations
April 2017 - present
Tsukuba Gakuin University
Position
  • Professor
April 2015 - March 2018
Hosei University
Position
  • Visiting Researcher
April 2007 - April 2015
University of Tsukuba
Position
  • Professor of Accounting (Full)
Education
April 1996 - March 1999
University of Tsukuba
Field of study
  • Accounting
April 1992 - March 1994
University of Tsukuba
Field of study
  • Accounting

Publications

Publications (20)
Article
Full-text available
Rating is widely used as one of the means to evaluate the creditworthiness of a company not only by investors, but also by other stakeholders of the company. This is because rating is deemed to be associated with the occurrence of corporate bankruptcies. By nature, however, rating involves the evaluation of bonds subject to rating by an expert rati...
Article
Full-text available
After the burst of the bubble economy in 1990, the Japanese economy has been on a downward slide and many companies have been faced with financial difficulties. Hence, a certain prediction model to assess the financial distress of Japanese firms is required. This paper presents some empirical results of a study regarding financial ratios as predict...
Data
Bankruptcy predictions have been one of the most interesting topics for accounting researchers. Most bankruptcy prediction models are developed by using financial ratios. However, signs of the changing financial position of a company may appear in the nonfinancial information earlier than we can identify the changes in the financial numbers. In rec...
Article
Full-text available
We relate physical distance to formation of relationships in corporate banking context. We focus on the physical distance between firms and their main banks. Because banks have strong incentive to bail out corporate customers, bank staff visit distressed customers frequently in order to help them. If firms are physically farther, it costs more for...
Article
Bankruptcy predictions have been one of the most interesting topics for accounting researchers. Most bankruptcy prediction models are developed by using financial ratios. However, signs of the changing financial position of a company may appear in the nonfinancial information earlier than we can identify the changes in the financial numbers. In rec...
Article
Full-text available
The Japanese economy is on a clear recovery path. Average share prices showed a gradual uptrend since September 2005, reaching 17,000 yen ($155 USD) in March 2007 before falling back in recent months; Bank of Japan's quantitative easing policy, an economic stimulus program introduced in March 2001, has been dismantled; and land prices in certain co...
Article
Full-text available
The Japanese economy is on a clear recovery path. Average share prices showed a gradual uptrend since September 2005, reaching 17,000 yen ($155 USD) in March 2007 before falling back in recent months; Bank of Japan's quantitative easing policy, an economic stimulus program introduced in March 2001, has been dismantled; and land prices in certain co...
Conference Paper
Full-text available
The Japanese economy is on a clear recovery path. Share prices have shown a gradual uptrend since September 2005, reaching 17,000 Yen in March 2007: BoJ’s quantitative easing policy, which was introduced on 19 March 2001, has been dismantled; and land prices in certain commercial areas of central Tokyo have seen a sharp rise. One factor behind this...
Article
Full-text available
There has been a recent spate of corporate bankruptcies in Japan in the midst of a worsening economic climate. I presented the SAF model in 1999 to predict Japanese corporate bankruptcy. The model was highly evaluated for prediction of corporate bankruptcies in Japan immediately after the collapse of the bubble economy, and has been widely adopted...
Conference Paper
Full-text available
In this paper, the relation between each financial ratio and changes in the economic environment has been elucidated through time-series observations of financial ratios in bankrupt companies. As a result, it has been demonstrated that some financial ratios are affected by changes in the economic environment and also that there are financial ratios...
Article
Full-text available
Abstract: It has been pointed in a number of papers that decision-making by managers is deeply related to business failures. However, there is hardly any research in which the relationship between business failures and the risks of manager’s decision-making was verified. This is because it is believed that there is no way to logically measure decis...
Conference Paper
Full-text available
This paper reports an importance of disclosure of contingency information/hidden risks from the point of view of the corporate governance. This paper also introduces a nuclear accident at a uranium-processing plant run by JCO Co., a subsidiary of Sumitomo Metal Mining Co., Ltd. as a case study. This paper pointed out that a parent company never dis...
Conference Paper
We presents some empirical results of a study regarding financial ratios as predictors of Japanese corporate bankruptcy based on a large sample of bankrupt and non-bankrupt firms’ financial data. In this study, variable as predictors of bankruptcy had been selected by three AI-based data mining techniques and two conventional statistical methods, L...
Conference Paper
Full-text available
The study presents some empirical results of a study regarding financial ratios as predictors of Japanese corporate bankruptcy based on a large sample of bankrupt and non-bankrupt firms' financial data. In this study, variables as predictors of bankruptcy were selected by two data mining techniques: CART and Stepwise. After the selection of a set o...
Conference Paper
Full-text available
This paper reports some empirical results of an analysis regarding prediction of Japanese corporate failure, evidenced by bankruptcy. Several empirical studies of corporate failure in Japan have been undertaken in the past. However, the results of these studies are not generalizable, due to the limited size of their samples. In contrast, this study...
Article
Full-text available
The Japan accounting principles have undergone dramatic changed in recent years, spurring various discussions on how the change in accounting standards brought about by reform affects the economic system. Most empirical studies on the impact of the change in accounting standards published in recent years analyze market-wide impacts, such as the imp...
Article
Full-text available
Abstract: This paper reports some empirical results of an analysis regarding prediction of Japanese corporate failure, evidenced by bankruptcy. Several empirical studies of corporate failure in Japan have been undertaken in the past. However, the results of these studies are not generalizable, due to the limited size of their samples. In contrast,...

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Projects

Projects (2)
Project
We are analyzing ESG report which were submitted by 260 Japanese Public companies. Ministry of Environment is now doing the Pilot Program to finalize ESG report format. I am involving the project and evaluate the result of submitted reports.