Analysing the determinants of narrative risk information in UK FTSE 100 annual reports

Abraham, Santhosh; Cox, Paul

doi:10.1016/j.bar.2007.06.002

Cited by 426 publications

(814 citation statements)

References 48 publications

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“…In this case, companies are pushed to disclose more about their risk in order to respect the requirements of these analysts (Healy & Palepu, 2001). This is confirmed by academic studies which find a positive and significant association between risk disclosure and the size of companies (e.g., see Beretta & Bozzolan, 2004;Abraham & Cox, 2007).…”

Section: The Determinants Of Erm Disclosuresupporting

confidence: 66%

“…On the other hand, when there is a high proportion of non-executive directors in the board, they will exercise pressure on management in order to provide comprehensive and reliable disclosure especially when it comes to disclosing ERM information. Previous studies provide evidence of a positive relation between board independence and voluntary disclosures (Abraham & Cox, 2007;Lajili, 2009). …”

Section: The Determinants Of Erm Disclosurementioning

confidence: 99%

“…Some researchers found that ERM disclosure is significantly associated with company size Abraham & Cox, 2007). Dobler et al (2011) found that risk disclosure is positively associated with the risk measures of American and Canadian companies, and negatively associated with the risk measures of German companies while found no relation between risk disclosure and measures of firm risk levels.…”

Section: Review Of Previous Research and Theoretical Backgroundmentioning

confidence: 99%

“…Other studies have focused on other attributes of corporate governance to explain the practice of voluntary disclosure (Abraham & Cox, 2007;Lajili, 2009). These studies suggested that firms with effective systems and processes of corporate governance are more likely to disclose discretionary information.…”

Section: Review Of Previous Research and Theoretical Backgroundmentioning

confidence: 99%

“…In this context, attention dedicated to risk disclosure in annual reports of companies has increased substantially, and many academic research studies investigated this topic (see Beretta & Bozzolan, 2004;Lajili & Zéghal, 2005;Linsley, Shrives, & Crumpton, 2006;Abraham & Cox, 2007;Dobler, Lajili, & Zéghal, 2011;Maingot, Quon, & Zéghal, 2012;Ntim, Lindop, & Thomas, 2013;Abraham & Shrives, 2014). All of them used content analysis in order to assess the presence of risk disclosure in annual reports, but few have investigated the effect of the crisis on the quality and the volume of ERM disclosure.…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

The Effect of the 2007/2008 Financial Crisis on Enterprise Risk Management Disclosure of Top US Banks

Zéghal¹,

Aoun²

2016

JMAA

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We document the effect of the 2007/2008 financial crisis on the volume and the quality of enterprise risk management (ERM) disclosure in the annual reports of the largest US banks, and analyze its determinants.Using a content analysis approach of the annual reports form 10-K for the years 2006, 2007, 2008, and 2009, we find that the ERM disclosure is significantly and positively associated with the crisis, bank size, board independence, duality and significantly and negatively associated with profitability, leverage, and board size. This paper seeks to fill a gap in the literature by investigating the effect of the crisis on ERM disclosure in the US banking sector context, and gives an insight into the factors affecting risk disclosure practices during the financial crisis.

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Section: The Determinants Of Erm Disclosuresupporting

confidence: 66%

Section: The Determinants Of Erm Disclosurementioning

confidence: 99%

Section: Review Of Previous Research and Theoretical Backgroundmentioning

confidence: 99%

Section: Review Of Previous Research and Theoretical Backgroundmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

The Effect of the 2007/2008 Financial Crisis on Enterprise Risk Management Disclosure of Top US Banks

Zéghal¹,

Aoun²

2016

JMAA

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Nonfinancial risk disclosure: The “state of the art” of Italian companies

Leopizzi

Iazzi

Venturelli

et al. 2019

Corp Soc Responsibility Env

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This research represents a preliminary analysis of the nonfinancial risk disclosure and the first after the introduction of the European directive. Using a content analysis, the level of nonfinancial risk disclosure after the introduction of the Directive 2014/95/EU on nonfinancial information has been investigated. Moreover, in order to understand the effectiveness of nonfinancial risk management, the outlook orientation (past, present, and future) and the approach to risk (positive, negative, and neutral) have been examined. The results show how the level of nonfinancial risk disclosure in Italian companies is better than before the introduction of the directive and also still based on the past and present perspective, rather than the future one.

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What drives risk disclosure in Islamic and conventional banks? An international comparison

2020

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This paper examines and compares the relationship between risk disclosure and corporate attributes in Islamic and conventional banks. Using a comprehensive risk disclosure index covering nine dimensions, we analyse the level of risk‐related disclosure (RRD) in a sample of 72 Islamic banks and 97 conventional banks across 11 countries. The RRD index shows that Islamic banks disclose less information about risk comparing to conventional banks. Listed banks, larger banks and aged bank disclose more information about risk than the others. Block holders, foreign ownership and board size affect negatively risk disclosure. However, board independence and the percentage of foreign directors in the board affect positively risk disclosure. Moreover, banks with higher Tier 1 ratio disclose less information about risk. Our results encourages regulators to improve corporate governance mechanisms in their banking systems through the optimization of ownership structure (dispersed ownership) and the board's composition in order to promote higher level of transparency and RRD.

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Analysing the determinants of narrative risk information in UK FTSE 100 annual reports

Cited by 426 publications

References 48 publications

The Effect of the 2007/2008 Financial Crisis on Enterprise Risk Management Disclosure of Top US Banks

The Effect of the 2007/2008 Financial Crisis on Enterprise Risk Management Disclosure of Top US Banks

Nonfinancial risk disclosure: The “state of the art” of Italian companies

What drives risk disclosure in Islamic and conventional banks? An international comparison

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