[3N1-GS-11] AI and Society

[3N1-GS-11-03] Preliminary study of integrated reporting in Japan by industry type

〇Yuichiro Nakai¹, Mitsuo Yoshida¹ (1. University of Tsukuba )

Keywords:Integrated Report, Tokyo Stock Exchange Markets

In recent years, an increasing number of companies have been preparing integrated reports as a means of disclosing corporate financial and non-financial information in an integrated manner. Proactive disclosure of information by companies is expected to have the effect of diminishing information asymmetry between companies and their stakeholders. As a result, it is expected that the majority of companies will prepare and publish integrated reports in the future, as they are expected to have an impact on corporate value. In this study, we analyze the current status of integrated reports by market and industry for companies listed on the Tokyo Stock Exchange in Japan. It is assumed that companies in the growth market, which is considered to have high demand for funds, are preparing integrated reports to eliminate information asymmetries and facilitate fundraising.