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Risk reporting of Japanese companies and its association with corporate characteristics


  • Noriyuki Konishi
  • Md. Mohobbot Ali


This study aims to examine the relationship between corporate characteristics and level of risk reporting and to reveal the impact of issuing regulatory guidelines on risk reporting in annual reports. One hundred non-financial companies were randomly selected from the first section of the Tokyo Stock Exchange. Firstly, we find that, consistent with prior research, the size of the company and the number of risk disclosures are positively correlated. On the other hand, no significant relationship exists between the number of risk disclosures and other corporate characteristics. Secondly, the findings show that most of the companies disclose descriptive risk information but are reluctant to quantify risk. It also shows that the level of risk reporting has increased, at least in quantity, in annual reports after the issuance of regulatory guidelines on risk reporting by the Financial Service Agency.

Suggested Citation

  • Noriyuki Konishi & Md. Mohobbot Ali, 2007. "Risk reporting of Japanese companies and its association with corporate characteristics," International Journal of Accounting, Auditing and Performance Evaluation, Inderscience Enterprises Ltd, vol. 4(3), pages 263-285.
  • Handle: RePEc:ids:ijaape:v:4:y:2007:i:3:p:263-285

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    Cited by:

    1. Farahnaz Orojali Zadeh & Siti Zaleha Abdul Rasid & Rohaida Basiruddin & Nor Aiza Mohammmed Zamil & Amin Vakilbashi, 2016. "Risk Disclosure Practices among Malaysian Listed Firms," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 1092-1096.
    2. Rosa Lombardi & Daniela Coluccia & Giuseppe Russo & Silvia Solimene, 2016. "Exploring Financial Risks from Corporate Disclosure: Evidence from Italian Listed Companies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 7(1), pages 309-327, March.


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