Corporate governance reforms were introduced in Japan in the 2000s to improve investor protection and disclosure quality. Given the importance of keiretsu-affiliated firms in the Japanese economy, our study investigates the association between keiretsu affiliation and disclosure quality. We find...

In this study, we investigate whether foreign equity participation enhances the level of transparency in Korean listed firms’ accounting information. Using panel data on the Korean listed firms during the 1999–2019 period, we find that foreign ownership has a positive effect on the...