IDEAS home Printed from https://ideas.repec.org/a/wsi/tijaxx/v56y2021i01ns1094406021500037.html
   My bibliography  Save this article

Corporate Governance and Transparency in Japan

Author

Listed:
  • Hiroyuki Aman

    (School of Business Administration, Kwansei Gakuin University, 1-155 Uegahara-1bancho, Nishinomiya, Hyogo, 662-8501, Japan)

  • Wendy Beekes

    (Department of Accounting and Finance, Management School, Lancaster University, Lancaster, LA1 4YX, UK)

  • Philip Brown

    (The University of Western Australia (M252), 35 Stirling Highway, CRAWLEY WA 6009, Australia)

Abstract

Corporate governance (CG) reformists typically presume better-governed companies are more transparent to investors. We focus on CG and transparency in Japan, where CG has been an ongoing issue. Using local ratings of Japanese companies’ CG and data on corporate disclosures and their associated stock returns, we do find better-governed Japanese companies have made more frequent and timelier disclosures, and their share prices have reflected value-relevant information earlier. While these results hold for good news, they do not hold for bad. Consequently, governance guidance in Japan may not have resulted in both timelier and more balanced release of newsworthy information.

Suggested Citation

  • Hiroyuki Aman & Wendy Beekes & Philip Brown, 2021. "Corporate Governance and Transparency in Japan," The International Journal of Accounting (TIJA), World Scientific Publishing Co. Pte. Ltd., vol. 56(01), pages 1-40, March.
    • Handle: RePEc:wsi:tijaxx:v:56:y:2021:i:01:n:s1094406021500037
    DOI: 10.1142/S1094406021500037
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S1094406021500037
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S1094406021500037?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:tijaxx:v:56:y:2021:i:01:n:s1094406021500037. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: https://www.worldscientific.com/worldscinet/tija .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.