東アジアにおける最適な金融システム　研究ユニット

The 2nd East Asia Accounting & Finance Conference
Nagasaki University Post COE Project

The Current State and Problems of Finance and Accounting Systems in Japan, China and Korea

Saturday, December 9
09:30 – 10:00 Registration
10:00 – 10:10 Welcoming Remarks

- Shigeru Katamine (Director of Center for International Collaborative Research, Nagasaki University)

1 Current State and Problems of Accounting Systems in Japan, China, and Korea
Chair: Kiyotaka Ueno (Nagasaki University)

10:10 – 11:10

Current State and Problems of Accounting Systems in Ja-pan
– Presenter: Hiromasa Okada (Nagasaki University)
– Discussant: Yuan Hong Qi (Shanghai University of Finance and Economics)

Determinants of audit Report Lag: Evidence from Korea
– Presenter: Ho-Young Lee (Yonsei University)
– Discussant: Hironori Fukukawa (Nagasaki University)

Break

11:30 – 12:30

Tunneling as an Incentive for Earnings Management Dur-ing the IPO Process In China
– Presenter: Yuan Hong Qi(Shanghai University of Finance and Economics)
– Discussant: Hiroshi Yoshimi (Hokkaido University)

Valuing IPOs Using Price-Earnings Multiples Disclosed by IPO Firms in an Emerging Capital Market
– Presenter: Yue Li (University of Toronto)
– Discussant: Masayuki Susai (Nagasaki University)

Lanch Break: 12:20 – 13:30

2 Current State and Problems of Finance in Japan, China, and Korea
Chair: Masayuki Susai (Nagasaki University)

13:30 – 15:00

Tokyo or New York: Which Drive East Asian Stock Market?
– Presenter: Masayuki Susai (Nagasaki University)
– Discussant: Hiroshi Kamae (Hitotsubashi University)

Financial Development, Soft Budget Constraints and CorporateInvestment
– Presenter: Zhu Hong Jun(Shanghai University of Finance and Economics)
– Discussant: Hiroyuki Aman (Nagasaki University)

Support Vector Regression Based GARCH Model with Application to Forecasting Volatility of Financial Returns
– Presenter: Chen Shiyi (Fudan University)
– Discussant: Hiroshi Moriyasu (Nagasaki University)

Break

15:20 – 16:20

A Study on the Hedge Effects of FX Derivatives’ Markets in Korea
– Presenter: Chung-Hyo Hong (Kyungnam University)
– Discussant: Takeshi Kudo (Nagasaki University)

External dependent Economy and Real Estate Bubbles:The case of China
– Presenter: Sun Lijian (Fudan University)
– Discussant: Eiji Okano (Chiba Keizai University)

Closing Remarks: 16:20 – 16:30
– Shigeru Uchida (Nagasaki University)

Reception: 17:00 -