What question did this study set out to answer?

The central aim is to explore how recognizing off-balance sheet liabilities influences corporate financial leverage decisions, particularly in Japanese firms post-Statement 26.

April 10, 2026Journal of International Accounting ResearchOpen Access

Anticipatory Effects of Recognizing Off-Balance Sheet Liabilities on Financial Leverage Choice: Evidence from Accounting for Retirement Benefits in Japan

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Authors

TYTomoaki YamashitaFukui Prefectural University MKMasaki KusanoKyoto University

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Implication

Demonstrates the impact of recognizing retirement benefits on financial leverage choice in Japanese firms, indicating significant corporate financial decision effects.

Key Points

The central aim is to explore how recognizing off-balance sheet liabilities influences corporate financial leverage decisions, particularly in Japanese firms post-Statement 26.
Comparison between recognition firms and disclosure firms in Japan
Analysis of financial leverage changes after Statement No. 26 issuance
Focus on firms with significant unrecognized retirement liabilities
Recognition firms showed a more considerable decrease in financial leverage compared to disclosure firms after Statement 26 was issued.
Firms with larger unrecognized retirement liabilities increased shareholders’ equity to mitigate financial leverage effects.

Cite This Study

Yamashita et al. (2026) studied this question.

synapsesocial.com/papers/69d894526c1944d70ce05341 https://doi.org/10.2308/jiar-2024-017

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Implication

Demonstrates the impact of recognizing retirement benefits on financial leverage choice in Japanese firms, indicating significant corporate financial decision effects.

Anticipatory Effects of Recognizing Off-Balance Sheet Liabilities on Financial Leverage Choice: Evidence from Accounting for Retirement Benefits in Japan

Discussion

Member takes

Implication

Key Points

Cite This Study

Anticipatory Effects of Recognizing Off-Balance Sheet Liabilities on Financial Leverage Choice: Evidence from Accounting for Retirement Benefits in Japan

Discussion

Member takes

Implication

Key Points

Cite This Study

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