Abstract
This paper investigates whether corporate posture toward disclosure as part of Corporate Social Responsibility（CSR）positively affects disclosures on corporate websites. First, it is revealed whether descriptions regarding disclosure are mentioned in the basic CSR policy by applying text mining to the textual data on the policy. Then, it is determined that a company is disclosure-oriented as part of CSR, if the company’s basic CSR policy contains matters pertaining to disclosure. Second, it is examined whether a company discloses information in a more positive manner if it has a basic CSR policy which includes issues related to disclosure. The result reveals that companies have actually better disclosures on their corporate websites if they are disclosureoriented as part of CSR. Especially, those companies have the advantage that there is more information on their corporate website disclosures. In addition, the fact that awareness of accountability is an important factor responsible for excellent disclosures on corporate websites is also demonstrated.
