An experimental comparative institutional analysis for accounting strategy on global convergence

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The purpose of this study is to examine the economic consequences of global accounting convergence and to reveal the role of Japanese accounting standard setter, using the new social approach of experimental comparative institutional analysis. The results of our study are as follows: First, under the condition that there is no difference among the accounting institutions, the movement towards convergence of International Financial Reporting Standards would finally come to an end. Second, though the IFRS is the only high quality standard set in the world, the movement towards convergence would also come to an end. Third, for global accounting convergence, the concept of correlated equilibrium of game theory would anticipate that the some optimal enforcement system facilitates global convergence.