Yoshiko Shirata

Last updated
Cindy Yoshiko Shirata
Drcindyshirata2.jpg
Shirata in 2019
Born (1952-12-02) December 2, 1952 (age 71)
Tokyo, Japan
NationalityJapanese
Alma mater University of Tsukuba
Known forSAF2002 bankruptcy prediction model

"Cindy" Yoshiko Shirata (born 2 December 1952) is a Japanese accounting scholar who specialized in corporate bankruptcy prediction. She is best known for her SAF2002 bankruptcy prediction model. [1] Her bankruptcy prediction model has been used by major banks and rating companies in Japan. She is considered one of the most well-known experts to develop bankruptcy prediction models in Japan. [2]

Contents

Early life

After graduating from high school, Shirata first worked for Japan Airlines (JAL) as a cabin attendant in the 1970s. She then worked as an assistant to the Software Engineering Manager of Pr1me Computer Japan, and an advisor to the President of Spalding Japan, and as advisor to the vice-president of Teikoku Data Bank. Subsequently, she worked as a Managing Associate of Coopers and Lybrand Japan Co., Ltd. [3]
Shirata graduated from the Doctoral Program in Management and Public Policy, University of Tsukuba. In 1994 she was awarded a Master of Business Administration (MBA) and in March 1999, a Doctor of Philosophy in Business Administration (DBA).

Academic career

Shirata started teaching in 1995 as a part-time lecturer at University of Tsukuba, at Tsukuba College of Technology Japan and at Chuo Commerce College, Chuo University. From 1996 until 2005 she has been a part-time teacher at Ryutsu Keizai University. From 1996 to 2001 she was associate professor of accounting, Tsukuba College of Technology Japan and from 2001 until 2005 Professor of Accounting at Nihon University College of Economics. From 2005 to 2007 she was Professor of Accounting, Graduate School of Management Of Technology, at Shibaura Institute of Technology. From 2007 to 2014, she was Professor of Accounting, Graduate School of Business Sciences, University of Tsukuba Tokyo Campus. She is now the Specially Appointed Professor of Tokyo International University and also visiting professor of accounting at Toyo University.

Shirata has also been a visiting professor at various universities, such as the Ludwig Maximilian University of Munich, Germany, Sheffield University Management School, University of Sheffield, U.K., and visiting researcher at The Research Institute for Innovation Management, Hosei University, Japan. [4]

Other activities

From 2006 to 2014, Shirata was a council member of the Science Council of Japan, nominated by the prime minister of Japan. She was also a secretary general of Science Council of Asia from 2011 to 2014. [5]

At present, she holds various positions such as:

Awards and recognition

On March 9, 2010, Dr. Shirata won the Best Faculty Member in 2009 Award from the University of Tsukuba. [11]
On June 16, 2017, she was named a Lifetime Achiever by Marquis Who's Who endorsing her as a leader in the accounting education industry. [12]

The SAF2002 bankruptcy prediction model

In 2003, Dr. Shirata introduced the SAF2002 bankruptcy prediction model. [13] The acronym SAF stands for Simple Analysis of Failure. The SAF2002 model was developed by analyzing the financial data of 1,436 bankrupt companies and 3,434 non-bankrupt companies extracted by a systematic sampling method from 107,034 companies. The variables for the model were selected by using a Classification and Regression Tree (CART) type of decision tree learning approach to analyze the financial data of Japanese companies that entered bankruptcy between 1992 and 2001. The four variables of the model that the CART approach identified are:

Retained Earnings to Total Liabilities and Owners’ Equity,
Net Income Before Tax to Total Liabilities and Owners’ Equity,
Inventory Turnover Period, and
Interest Expenses to Sales.

Based on a linear model, which exhibited the most stable and discriminant results, the model's SAF value for each firm is based on the following equation:

A SAF value of 0.7 or below quickly raises a firm's bankruptcy risk.

Selected bibliography

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References

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  2. "The Economic Condition in Japan: Business Sentiments and Real Financial Positions" . Retrieved 14 July 2019.
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  5. Science Council of Asia (2015). "Foundation for Sustainable Development to A Prosperous, Harmonious and Greener Asia 2015-2016" (PDF). Retrieved 14 July 2019.
  6. "8th XBRL Asia Roundtable held as a joint program with Asian Development Bank (ADB)" . Retrieved 14 July 2019.
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  10. "List of Tokyo International University employees". SignalHire. 2022-10-16. Retrieved 2022-10-16.
  11. "Invited Speakers". International Conference ASCENT. 2017. Retrieved 14 July 2019.
  12. "Dr. Cindy Yoshiko Shirata Named a Lifetime Achiever by Marquis Who's Who" . Retrieved 7 July 2019.
  13. Shirata, C. Y., and M. Sakagami. 2009. An analysis of the ‘going-concern assumption’: Text mining from Japanese financial reports. Journal of Emerging Technologies in Accounting 6: 1–16.