Enhancing performance by disclosing more: Some evidence from Japanese companies
Enhancing performance by disclosing more: Some evidence from Japanese companies
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通过更多披露来提高绩效：来自日本企业的一些证据
DOI：
10.1108/par-01-2016-0001
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发表时间：
2018
影响因子：
2.1
通讯作者：
Yasuo Hoshino
中科院分区：
文献类型：
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作者：
Sriyalathe Kumarasinghe;Mitchell Will;Yasuo Hoshino
本研究旨在探讨日本企业英文年报中企业社会责任信息披露的价值相关性。基于利益相关者理论框架，研究了CSRD对财务绩效和市场绩效的长期影响。关于日本企业的实际CSR报告的研究相对较少。设计/方法/途径使用和给出的修改版本，基于全球报告倡议组织（GRI）的指导方针和三种不同的绩效数据测量方法，使用CSRD的六个维度来研究101个双语学校的CSRD与绩效之间的关系，研究发现，企业在年度报告中越多地披露有关劳动、人权和产品安全与健康的CSR，它就越能获得更高水平的财务和市场表现。独创性/价值据作者所知，这是第一篇提供证据证明基于GRI的CSRD对日本双语报告公司的财务和市场绩效的增量价值的论文，日本是一个高度倾向于遵循西方CSRD实践的国家。
PurposeThe purpose of this study is to investigate the value relevance of corporate social responsibility disclosures (CSRDs) in English language annual reports in Japanese companies. Based on the stakeholder theory framework, the long-term effects of CSRD on financial and market performance are examined. There is relatively little research dealing with actual CSR reporting in Japanese companies.Design/methodology/approachUsing modified versions of those given by and , six dimensions of CSRD based on the Global Reporting Initiative (GRI) guidelines and three different measures of performance data are used to examine the relationship between CSRDs and performance in 101 dual-language-reporting Japanese firms.FindingsThe paper finds that the more a company discloses CSR on labour, human rights and product safety and health in the company’s annual report, the more it is rewarded with a higher level of financial and market performance.Originality/valueTo the best of the authors’ knowledge, this is the first paper to provide evidence of the incremental value of GRI-based CSRD to both financial and market performance in companies with dual-language reporting in Japan, a country with a high tendency to follow the Western practice of CSRD.