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 -