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Author

Eiji Sakihama

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Sep 2026

Filing-Order-Constrained Semantic Exposure in Japanese Annual Securities Reports

Japan introduced a sustainability-information section in annual securities reports for fiscal years ending on or after March 2023. We develop filing-order-constrained semantic exposure, measuring each filing’s position relative to earlier peer disclosures. Within fiscal year, industry, and disclosure layer, we retain u...

Eiji Sakihama · 0 citations

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