THE EFFECTS AND DETERMINANTS OF EXTENSIVE DISCLOSURE:EVIDENCE FROM JAPAN

Download This Article

Abstract

It is believed to be increasingly important for firms to be engaged in extensive disclosure in Japan. This paper simultaneously investigates the relationship between Corporate Social Performance (CSP) and corporate attitude toward extensive disclosure and between corporate attitude toward extensive disclosure and corporate reputation. We find that corporate attitudes toward extensive disclosure and CSP are positively correlated and that corporate attitudes toward extensive disclosure and corporate reputation are positively correlated. This evidence indicates that firms are engaged in extensive disclosure as a component of their corporate strategy in social responsibility activities and that those with more positive attitudes toward extensive disclosure appear to be able to develop and maintain better relationships with their various stakeholders.

Keywords: Corporate Reputation, Corporate Social Performance (CSP), Corporate Social Responsibility (CSR), Extensive disclosure, Stakeholder Theory

How to cite this paper: Kitora, Y., Okuda, S. (2008). The effects and determinants of extensive disclosure: evidence from Japan. Corporate Ownership & Control, 5(2-1), 212-224. https://doi.org/10.22495/cocv5i2c1p6