English Publications

Peer-reviewed Publications

  • Toshiki Shimizu, “Predictive Ability of GAAP Earnings and Cash Flows for Future Cash Flows: Evidence from Japan,” Accounting Research Letters, 2026 (forthcoming).

  • Takuma Kochiyama, Makoto Nakano, Hiroki Nawata, Toshiki Shimizu, “The Impact of Analyst Coverage on Management Forecast Accuracy,” Asia-Pacific Journal of Accounting & Economics, 2025. DOI

English Working Papers

  • Takuma Kochiyama, Makoto Nakano, Hiroki Nawata, Toshiki Shimizu, “Sell-Side Analysts in a Market with Effectively Mandated Management Forecasts: Field Evidence from Japan,” SSRN Working Paper, 2026. Link

Japanese Publications

Peer-reviewed

  • Toshiki Shimizu, “The Effect of Financial Reporting Quality on Labor Investment Efficiency,” Accounting Progress, 26, pp. 57-76, 2025. DOI

  • Toshiki Shimizu, “The Impact of J-SOX on the Choice of Earnings Management Methods,” Hitotsubashi Shogaku Ronso, 20(1), pp. 17-32, 2025. Link

Non-peer-reviewed

  • Takuma Kochiyama, Hiroki Nawata, Toshiki Shimizu, “Determinants of Analyst Coverage in Japanese Firms,” Kaikei (Accounting), 204(2), pp. 197-211, 2023. Link

Conference Presentations

  • Takuma Kochiyama, Makoto Nakano, Hiroki Nawata, Toshiki Shimizu, “Sell-side Analysts in the Japanese Market: Field Evidence,” The 6th Fall Meeting of the Japan Association for Economic Accounting, December 21, 2025.

  • Toshiki Shimizu, Takuma Kochiyama, “The Impact of Meeting Earnings Forecasts on Employee Compensation and Turnover,” The 6th Fall Meeting of the Japan Association for Economic Accounting, December 21, 2025.

  • Toshiki Shimizu, “Predictive Ability of Earnings and Cash Flows for Future Cash Flows,” The 84th Annual Conference of the Japan Accounting Association, August 27, 2025.

  • Toshiki Shimizu, “Predictive Ability of Earnings and Cash Flows for Future Cash Flows,” Summer HARS 2025 (Hitotsubashi Accounting Research Seminar), July 24, 2025. (Invited)

  • Toshiki Shimizu, “The Effect of Financial Reporting Quality on Labor Investment Efficiency,” Accounting Progress Conference, March 17, 2025.

  • Toshiki Shimizu, “Financial Reporting Quality and Labor Investment Efficiency,” The 5th Fall Meeting of the Japan Association for Economic Accounting, January 12, 2025.

  • Toshiki Shimizu, “Financial Reporting Quality and Labor Investment Efficiency,” The 83rd Annual Conference of the Japan Accounting Association, August 28, 2024.

  • Toshiki Shimizu, “Financial Reporting Quality and Labor Investment Efficiency,” Summer HARS 2024 (Hitotsubashi Accounting Research Seminar), August 21, 2024. (Invited)

  • Takuma Kochiyama, Makoto Nakano, Hiroki Nawata, Toshiki Shimizu, “The Impact of Analyst Coverage on Management Forecast Accuracy,” 32nd Asian-Pacific Conference on International Accounting Issues, October 15-17, 2023.