A Thesis co-authored by Professor Fukushima and Associate Professor Yamada was published in The British Accounting Review, one of the leading Journals in the field of accounting.

Authors: Kazunori FUKUSHIMA (Professor at Chuo University Faculty of Commerce), Akihiro YAMADA (Associate Professor at Chuo University Faculty of Commerce)
Journal : The British Accounting Review
Title of Thesis : “Does budget target setting lead managers to engage in unethical behavior for the organization?”

This study analyzed the relationship between budget target setting and manager’s willingness to engage in unethical pro-organizational behavior (WUPB). We found the following three things: a) WUPB tends to be the highest when the budget target setting is moderately difficult; b) as the difficulty in budget target gets higher, the flexibility in budget target increases and the flexibity also affects WUPB; c) depending on the influence of the manager's budget target setting, the channels of influence of budget target difficulty on WUPB change. The results suggest that unethical behavior taken on due to the willingness to contribute to the organization, relates to the budget target settings which are our daily business operations.