Updated on 2025/06/17

写真a

 
Ishiguro Takehide
 
Organization
Faculty of Humanities and Social Sciences Associate Professor
Position
Associate Professor
External link

Degree

  • 博士(会計学) ( 中央大学 )

  • 修士(経営学) ( 東京理科大学 )

Research Interests

  • Corporate Finance

  • Accounting

Research Areas

  • Humanities & Social Sciences / Money and finance  / Corporate Finance

  • Humanities & Social Sciences / Accounting

Education

  • Chuo University   商学研究科   商学専攻

    2019.4 - 2022.3

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    Country： Japan

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  • Tokyo University of Science   経営学研究科   経営学専攻

    2016.4 - 2018.3

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    Country： Japan

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  • Tokyo University of Science   経営学部   経営学科

    2012.4 - 2016.3

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    Country： Japan

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Research History

  • Okayama University   Faculty of Economics Department of Economics(Including Evening Course)   Associate Professor

    2024.4

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    Country：Japan

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  • Akita University   Faculty of Education and Human Studies Department of Regional Studies and Humanities   Assistant Professor

    2021.10 - 2024.3

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Professional Memberships

  • 日本ファイナンス学会

    2025.3

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  • Japan Accounting Association

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  • The Accounting and Economic Association of Japan

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Papers

  • Tax Avoidance by Non‐Zombie Firms: Evidence From Japan Following the Lehman Shock Reviewed

    Takehide Ishiguro

    Journal of Corporate Accounting & Finance   2025.2

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    Authorship：Corresponding author   Language：English   Publishing type：Research paper (scientific journal)  

    <jats:title>ABSTRACT</jats:title><jats:p>Non‐zombie firms have an incentive to raise funds because zombie firms are prioritized for management resource allocation to prevent them from going bankrupt. Moreover, preferential loans to zombie firms are likely to hinder non‐zombie firms from raising external funds through debt. Therefore, non‐zombie firms attempt to increase internal financing through tax avoidance. This study examines whether non‐zombie firms avoid taxes, focusing on firms listed in the First Section of the Tokyo Stock Exchange (now TSE Prime) from 2008 to 2019. The results confirm that non‐zombie firms engage in tax avoidance. Given that zombie firms deter non‐zombie firms from seeking external financing, it is imperative that such firms be regulated and at the same time, the issues of zombie firms be addressed to mitigate tax avoidance behavior by non‐zombie firms. These findings indicate the need to consider the influence of other firms, such as zombie firms, in controlling tax avoidance.</jats:p>

    DOI： 10.1002/jcaf.22787

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  • Mitigating overinvestment in Japanese zombie firms: the role of foreign ownership and earnings quality Reviewed

    Takehide Ishiguro, Akihiro Yamada

    Asian Review of Accounting   33 ( 5 )   709 - 727   2024.11

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    Authorship：Corresponding author   Language：English   Publishing type：Research paper (scientific journal)  

    DOI： 10.1108/ARA-04-2023-0115

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  • Impact of Overconfident Managers on Cash Holdings of Japanese Firms Reviewed

    Takehide Ishiguro

    Bussiness Analysis   36 ( 1 )   1 - 18   2023.6

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    Authorship：Corresponding author   Language：Japanese   Publishing type：Research paper (scientific journal)   Publisher：The Accounting and Economic Association of Japan  

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  • Effect of Earnings Quality on the Zombie Firm Efficiency: Evidence from Japan

    Takehide Ishiguro

    SSRN Electronic Journal   2023.6

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    Authorship：Lead author,　Corresponding author   Publishing type：Research paper (scientific journal)   Publisher：Elsevier BV  

    DOI： 10.2139/ssrn.4431446

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  • Is Japanese Bank Corporate Governance Effective Against Zombie Firms? Analysis of Earnings Management

    2023.3

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    Authorship：Lead author   Language：English   Publishing type：Research paper (conference, symposium, etc.)  

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  • Capital Expenditure Behavior of Overconfident Managers of Japanese Firms: Empirical Evidence During the Financial Crisis in Japan Reviewed

    Takehide Ishiguro

    JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS   9 ( 6 )   175 - 181   2022.6

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    Authorship：Corresponding author   Language：English   Publishing type：Research paper (scientific journal)  

    DOI： 10.13106/jafeb.2022.vol9.no6.0175

    Web of Science

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  • Analysis of overconfidence indicators and cash management behavior based on earnings forecasts

    Takehide Ishiguro

    2022.3

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    Language：Japanese   Publishing type：Doctoral thesis  

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  • Overconfident CEOs, decentralisation, and tax aggressiveness: Evidence from Japan. Reviewed

    Takehide Ishiguro, Akihiro Yamada

    International Journal of Economics and Accounting   10 ( 2 )   181 - 203   2021.6

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    Authorship：Corresponding author   Language：English   Publishing type：Research paper (scientific journal)   Publisher：Inderscience  

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  • Examination of Measurement Method for Overconfident Managers Suitable for Japanese Data

    Takehide Ishiguro

    The Institute of Business Rearch Chuo University Woking Paper   2021.1

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    Language：Japanese   Publishing type：Research paper (bulletin of university, research institution)   Publisher：The Institute of Business Rearch Chuo University  

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  • Measurement of Management Overconfidence Based on Management Earnings Forecast and its Validity

    Takehide Ishiguro

    The Japan Management & Accounting   80 ( 4 )   184 - 195   2021.1

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    Language：Japanese   Publishing type：Research paper (scientific journal)   Publisher：The Japan Management & Accounting Institution  

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Presentations

  • 戦略的提携と監査報酬の関係性

    大沼宏, 藤田健人, 石黒武秀

    日本経済会計学会 第1回秋季大会  2020.12  早稲田大学

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    Language：Japanese   Presentation type：Oral presentation (general)  

    Venue：早稲田大学  

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  • Overconfident CEOs, decentralisation, and tax aggressiveness: Evidence from Japan.

    石黒 武秀

    日本経済会計学会 第35回秋季大会  2019.12  法政大学

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    Language：Japanese   Presentation type：Poster presentation  

    Venue：法政大学・市谷キャンパス 富士見ゲート  

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  • Management Overconfidence and Tax Avoidance

    Hiroshi Ohnuma, Takehide Ishiguro

    2018.10  Kansei Gakuin University

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    Language：Japanese   Presentation type：Oral presentation (general)  

    Venue：Nihon Keizai Shimbun Inc. Osaka Head Office, Kansei Gakuin University  

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Research Projects

  • ゾンビではない企業による税負担削減行動

    Grant number：25K16773  2025.04 - 2029.03

    日本学術振興会  科学研究費助成事業  若手研究

    石黒 武秀

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    Grant amount：\4940000 （ Direct expense: \3800000 、 Indirect expense：\1140000 ）

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  • 金融危機時の自信過剰な経営者の投資行動：日本の非金融企業の分析

    Grant number：22K20153  2022.08 - 2023.03

    日本学術振興会  科学研究費助成事業 研究活動スタート支援  研究活動スタート支援

    石黒 武秀

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    Grant amount：\1430000 （ Direct expense: \1100000 、 Indirect expense：\330000 ）

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Class subject in charge

  • Corporate Finance （2024academic year） 3rd and 4th semester  - 木10

  • Corporate Finance 1 （2024academic year） Prophase  - 月6

  • Corporate Finance 2 （2024academic year） Late  - 月5

  • Corporate Finance I （2024academic year） 1st and 2nd semester  - 水1～2

  • Corporate Finance II （2024academic year） 3rd and 4th semester  - 水1～2

  • Finance 1 （2024academic year） Prophase  - 月6

  • Finance 2 （2024academic year） Late  - 月5

  • Graduation Research Seminar （2024academic year） 1st and 2nd semester  - その他7～8

  • Graduation Research Seminar （2024academic year） 3rd and 4th semester  - その他7～8

  • Seminar （2024academic year） 1st and 2nd semester  - 月7～8

  • Seminar （2024academic year） 3rd and 4th semester  - 月7～8

  • Basic Seminar （2024academic year） Fourth semester  - 火7～8

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Academic Activities