Authors: Steven Globerman, W.R. Singleton
Addresses: College of Business and Economics, Western Washington University, Bellingham, Washington 98225-9071, USA. ' College of Business and Economics, Western Washington University, Bellingham, Washington 98225-9071, USA
Abstract: The harmonisation of international accounting and disclosure practices is an important policy issue. This paper investigates the extent to which voluntary disclosure practices by Japanese firms converged since the late 1980s. Convergence of voluntary disclosure suggests that Japanese firms respond to market pressures by adopting increasingly similar reporting practices. Our findings suggest that there was neither more, nor less, convergence in selected disclosure practices over the sample period, although the average level of disclosure did increase. The results suggest that Japanese firms were in |equilibrium| in terms of scope of information voluntarily disclosed, although the quantity of disclosed information increased.
Keywords: voluntary disclosure; international accounting disclosure; Japanese company disclosure; accounting harmonisation; Japan.
International Journal of Economic Policy in Emerging Economies, 2009 Vol.2 No.4, pp.335 - 355
Published online: 13 Jan 2010 *Full-text access for editors Access for subscribers Purchase this article Comment on this article