Corporate governance and risk reporting in South Africa: A study of corporate risk disclosures in the pre- and post-2007/2008 global financial crisis periods

Ntim, Collins G.; Lindop, Sarah; Thomas, Dennis

doi:10.1016/j.irfa.2013.07.001

Cited by 336 publications

(696 citation statements)

References 82 publications

(292 reference statements)

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“…Studies that investigated the nature of risk disclosure have reported that the disclosures are qualitative with a gap in disclosing forward-looking information (Beretta & Bozzolan, 2004;Dobler et al, 2011;Ntim et al, 2013).…”

Section: Review Of Previous Research and Theoretical Backgroundmentioning

confidence: 99%

“…Many studies suggest that risk-related disclosure is used by companies to signal the quality and strength of their risk management processes, and their ability to identify, assess, and manage risk. An improved level of risk disclosure allows them to distinguish themselves from other companies with less effective risk management processes (Ntim et al, 2013;Abraham & Shrives, 2014).…”

Section: Review Of Previous Research and Theoretical Backgroundmentioning

confidence: 99%

“…Very few studies have investigated the practice of ERM disclosure over time using a longitudinal analysis, and especially in the period during and after the 2007/2008 global financial crisis (Ntim et al, 2013;Maingot et al, 2012;.…”

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%

“…On the other hand, following the financial crisis, banks' reputations and investor confidence have been altered. In following legitimacy and signaling theory, banks will be prompted to disclose more ERM information (Ntim et al, 2013;Abraham & Shrives, 2014). This leads us to wonder if the financial crisis has had any impact on risk management disclosure in the annual reports of the American banking firms.…”

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: Review Of Previous Research and Theoretical Backgroundmentioning

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%

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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Is corporate environmental disclosure associated with firm value? A multicountry study of Gulf Cooperation Council firms

2020

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Several studies have found a relationship between corporate social and environmental disclosure and firm value (FV) or accounting profitability. Where environmental disclosure has been the focus, though, only single‐country studies have been published, and most of the previous research concerns the developed world. This study examines the association between corporate environmental disclosure (CED) and FV in the Gulf Cooperation Council (GCC) countries, where CED has been increasing from its previous low base. Findings from a multicountry sample of 500 firm‐year observations using a 55‐item unweighted environmental disclosure index suggest that CED is significantly and positively related to FV as measured by Tobin's Q (TBQ). The relationship is robust to using a weighted version of the disclosure index, individual countries and environmental disclosure subindices. Some evidence of a positive relationship between CED and return on assets is also found, but even where statistically significant, the relationship is much weaker than in the case of TBQ. For empirical and theoretical reasons, we recommend that future studies pay greater attention to market‐based proxies, if possible, when investigating the value relevance of CED in both developed and developing countries. Our results suggest that both managers and policymakers in GCC countries should take a positive view of expanded CED.

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Environmental performance, sustainability, governance and financial performance: Evidence from heavily polluting industries in China

et al. 2021

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This study seeks to contribute to the existing business strategy and the environment literature by examining the effect of governance structures on Chinese firms' environmental performance, and consequently ascertain the extent to which the financial performance-environmental performance nexus is moderated by governance mechanisms. Using a sample of Chinese companies from heavily polluting industries over a 5-year period, our baseline findings suggest that, on average, board size and governing board meetings are positively associated with Chinese firms' environmental performance, whilst board independence and gender diversity have positive, but insignificant association with firms' environmental performance. Our evidence suggests further that the examined internal governance mechanisms have a mixed moderating effect on the link between financial performance and environmental performance. Our findings have important implications for company executives, environmental activists, policy-makers, and regulators. Our results support insights drawn from agency, resource dependence, stakeholder, and legitimacy theories.

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Corporate governance and risk reporting in South Africa: A study of corporate risk disclosures in the pre- and post-2007/2008 global financial crisis periods

Cited by 336 publications

References 82 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

Is corporate environmental disclosure associated with firm value? A multicountry study of Gulf Cooperation Council firms

Environmental performance, sustainability, governance and financial performance: Evidence from heavily polluting industries in China

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