Corporate risk disclosure by UK firms: trends and determinants
By Bassam Rajab, Morrison Handley-Schachler. 2009
133 citations recorded by the source corpus.
This study explores risk disclosure practice using content analysis of 156 annual reports prepared by 52 UK listed companies in three different periods (1998, 2001 and 2004). The study relates the extent of risk disclosure to firm-specific characteristics. The study found, a trend of increasing amounts of risk disclosure in the annual report over the six-year period influenced by accounting regulation and accounting institutes' recommendations. US dual listing and involvement in heavy industry are significantly and positively correlated with the level of risk information disclosed by the sampled companies. Risk disclosure is not related to size or leverage.
Subfields: Accounting, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/a68165eebea61ff0d042afc82ab4833b8e828efe
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In Accounting
- K. Hussainey
- Hichem Khlif
- Hany Elzahar
- Tamer Elshandidy
- I. Fraser
- Khaleed Omair Alotaibi
- Collins G. Ntim
- Ahmed A. Elamer
In Strategy and Management
Citations in the corpus
- The association between risk disclosure and firm characteristics: a meta-analysis (2016, background): “Risk information related to market, credit, and internal control risk may play a critical role in mitigating creditors’ concerns about the solvency of the firm and its capabilities to generate enough cash flows in the future (Rajab and Handley-Schachler 2009).”
- Aggregated, Voluntary and Mandatory Risk Disclosure Incentives: Evidence from UK FTSE All Share Companies (2013, background): “Cross-listed firms are excluded to avoid non-UK regulatory influences (see Marshall and Weetman, 2002; Abraham and Cox, 2007; Rajab and Handley-Schachler, 2009).”
- Determinants of narrative risk disclosures in UK interim reports (2012, methodology): “Prior risk reporting studies shows a positive association between cross-listing and levels of disclosure (Rajab and Handley-Schachler, 2009).”