Does Good Corporate Governance Affect Disclosure of Intangibles and Performance?

DOI

Bibliographic Information

Other Title
  • 企業の良いガバナンスはインタンジブルズの情報開示とパフォーマンスに影響を与えるか？

Abstract

<p>The purpose of this study is to confirm the impact of corporate governance in Japanese firms on disclosure of intangibles and financial performance (accounting performance and market performance). To this end, using the theoretical framework of Braune et al. (2020), which verified the relationship between these elements using a structural model, we conducted an analysis of 278 major listed companies in Japan. The results show that while the financial performance of these companies is highly dependent on their financial structure, corporate governance has little impact on disclosure of intangibles, and its impact on financial performance is weak.</p><p>Implication of this study is that the corporate governance of these companies is not functioning effectively from the perspective of increasing shareholder value and the low profitability of these companies may be due to the lack of investment in intangibles and its information disclosure.</p>

Journal

Keywords

Details 詳細情報について

  • CRID
    1390018307320229760
  • DOI
    10.24747/jma.32.1_37
  • ISSN
    24340529
    09187863
  • Text Lang
    ja
  • Data Source
    • JaLC
  • Abstract License Flag
    Disallowed

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