Ownership structure, corporate governance, and assurance in sustainability reporting: evidence from Japan
Mohammad Badrul Haider () and
Additional contact information
Mohammad Badrul Haider: Kwansei Gakuin University
International Journal of Disclosure and Governance, 2022, vol. 19, issue 4, No 2, 374-388
Abstract This paper examines the relationship between ownership structure, corporate governance, and the adoption of assurance in sustainability reporting in Japan. Using stakeholder theory hypotheses, we test the impact of ownership structure (the mix of financial institution, business corporation, and foreign investors) and corporate governance characteristics (board size and independence) on assurance practices in the sustainability reporting of Nikkei 500 companies listed on the Tokyo Stock Exchange. Logit regression model results indicate that different stockholder groups and independent board directors can encourage management to publish credible sustainability reports with assurance, suggesting institutional ownership, board independence, and sustainability assurance play complementary roles in ensuring managerial accountability to external stakeholders. While this is an early analysis of the influence of recent changes in corporate governance on sustainability assurance practices in Japan, the findings have important implications for managerial practice and the policy analysis of corporate governance and sustainability reporting.
Keywords: Assurance; Sustainability reporting; Japan; Ownership structure; Corporate governance (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1057/s41310-022-00149-1 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pal:ijodag:v:19:y:2022:i:4:d:10.1057_s41310-022-00149-1
Ordering information: This journal article can be ordered from
Access Statistics for this article
International Journal of Disclosure and Governance is currently edited by Michael Alles
More articles in International Journal of Disclosure and Governance from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().