Corporate Governance Compliance and Disclosure in the Banking Sector: Using Data from Japan
Pran Krishansing Boolaky
University of Southern Queensland - School of Accounting, Economics and Finance
affiliation not provided to SSRN
March 5, 2010
Finance and Corporate Governance Conference 2010 Paper
Using regression model this study investigates which characteristics of a bank is associated with the extent of corporate governance disclosure in Japan. The findings suggest that on average 8 banks out of a sample of 46 disclose optimal corporate governance information. The regression model results reveal in general that non-executive directors, cross-ownership, capital adequacy ratio and type of auditors are associated with the extent of corporate governance disclosure. Of these four variables, non-executive directors have a more significant impact on the extent of disclosure contrary to total assets and audit firms of banks in the context of Japan. The findings of this paper are relevant for corporate regulators, professional associations and developers of corporate governance code when designing or updating corporate governance code.
Number of Pages in PDF File: 29
Keywords: Japan, Corporate Governance, History, banking Sector
JEL Classification: G34, M47working papers series
Date posted: January 15, 2010 ; Last revised: March 9, 2010
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