Correlation of financial accounting and corporate governance from the perspective of Chinese and Japanese university students in Tokyo

Abstract

The purpose of this study is to explore the perspectives of Japanese and Chinese university students who are taking up global management courses on financial education and corporate governance. It aims to examine how the students’ age, nationality, and sex are related to their financial knowledge and views on corporate governance practices. It is motivated by the gap in the literature on the moral and ethical aspects of financial education and corporate governance, as well as the cultural factors that influence corporate decisions. The study also seeks to understand the perceptions and expectations of future professionals and business leaders from different cultural backgrounds regarding financial accounting and corporate governance systems. It is based on a literature review, a survey and semi-structured interview of 44 students from one of the top-ranked private universities in Tokyo. The research uses descriptive statistics, correlation analysis, and regression analysis to analyze the data. The study expects to find significant differences between the students’ financial knowledge and corporate governance views according to their age, nationality, and sex. It also expects to find positive relationships between the students’ financial knowledge and their corporate governance views. It also seeks to contribute to the existing literature by providing insights into the perspectives of Japanese and Chinese university students on financial education and corporate governance. The result of the study informs policies, education programs, and corporate practices related to financial accounting and corporate governance in Japan, China, and potentially other countries as well.