Factors Influencing Environmental Disclosure by Major Japanese Companies

Abstract

This study examines the factors influencing environmental disclosure among major Japanese companies. Focusing on listed companies in Japan, this research investigates the influence of various corporate governance, financial, and strategic factors on environmental disclosure. Utilizing a logistic regression model, the study analyzes the extent to which return on equity (ROE), net profit margin (NPM), firm size, and the presence of an environmental management system (EMS), among others, determine environmental disclosure practices. The findings indicate that larger firms and those with established EMS are more likely to disclose more environmentally relevant information. The research provides valuable insights for stakeholders and policymakers on enhancing environmental transparency in corporate Japan. This study contributes to the existing body of knowledge by providing a multidimensional analysis of environmental disclosure.