| Budget Amount *help |
¥6,240,000 (Direct Cost: ¥4,800,000、Indirect Cost: ¥1,440,000)
Fiscal Year 2015: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2014: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2013: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2012: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2011: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Fiscal Year 2010: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
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| Outline of Final Research Achievements |
This study focuses on listed companies' voluntary releases that announce the basic policy on internal control systems development, as established in accordance with the Japanese Companies Act. These releases are implemented according to listing rules on timely disclosure, are largely narrative, and can be recognized as one type of corporate governance disclosure.
We conduct a survey on the above-mentioned disclosure and analyze the disclosure contents such as the reason why companies revise their policy to reveal the factors that companies themselves consider to affect the revision of the policy. Further, we investigate corporate behavior regarding the disclosure to infer the extent of internal control systems development. Thus, the present study captures not only quantitative but also qualitative corporate characteristics of internal control systems. We incorporate these characteristics into empirical research on corporate disclosure invoking a corporate governance perspective.
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