What question did this study set out to answer?

This study aims to understand how global standards affect firms using local GAAP before formal convergence.

The Pre-Convergence Effect of Global Standard: Proactive Managerial Response to IFRS 16 by Japanese GAAP Firms

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Shows how Japanese GAAP firms adjust operating leases due to global standards, suggesting proactive management.

This study aims to understand how global standards affect firms using local GAAP before formal convergence.
Analyzed the issuance of IFRS 16 and its impact on Japanese GAAP firms
Examined operational lease behavior and capital investment changes
Assessed anticipatory managerial responses based on decision horizons
Japanese GAAP firms reduced operating lease usage following IFRS 16 issuance
The lease-to-buy ratio declined among firms with high operating lease exposure
Capital investment also showed a decrease, indicating proactive adjustments

Kiyonori Iwata (2026) studied this question.

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