Conclusion

This chapter primarily discusses the conclusions and themes of the book as a whole, while also highlighting some of its limitations. Since this book has dealt with a variety of concepts, this chapter mentions the implications for these concepts throughout the book. It also summarizes the argument that recent developments in accounting in Japan have been driven by the performative forces of globalization and financialization. Finally, this chapter concludes that globalization and financialization occur almost simultaneously in the Japanese context. This does not mean that they are not separate social phenomena, but rather that their boundaries are gradually blurring and becoming hybridized. Looking back at the long history of the phenomena, globalization might have been transformed into financialization, but that is a subject for another study. A central thesis of this book is that certain linguistic expressions represent performative forces that shape institutionalization in society. Throughout the chapters, however, this book has not fully analyzed the behavioral mechanism of performativity and normativity. How the normativity of performative forces diffuses is left for future studies.