The disclosure of operational risk in tunisian insurance companies

Hemrit, Wael; Arab, Mounira Ben

doi:10.21314/jop.2011.089

Cited by 16 publications

(17 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Consistent with the above, studies reveal a positive association between firm size and total RMD quantity (Beretta and Bozzolan, 2004;Linsley and Shrives, 2005;Amran et al, 2009;Hemrit and Arab, 2011;Dobler et al, 2011;Elzahar and Hussainey, 2012;Elshandidy et al, 2013). Importantly, Miihkinen (2012) found that firm size is significantly associated with RMD quantity, coverage, qualitative, quantitative, and outlook profile information.…”

Section: Firm Sizementioning

confidence: 73%

A finer-grained approach to assessing the “quality” (“quantity” and “richness”) of risk management disclosures

Jia

Munro

Buckby

2016

MAJ

View full text Add to dashboard Cite

Purpose-Utilising a finer-grained approach, this paper examines the 'quality' of narrative risk management disclosures (RMD) from a 'quantity' and 'richness' (width and depth) perspective. Evidence is then provided on the relationships between RMD quality and the corporate determinants driving that quality. Design/methodology/approach-Within a multidimensional quality disclosure framework, annual report narrative RMD from the top 100 Australian Securities Exchange (ASX) listed companies precisely 'matched' for the 2010 and 2012 years were examined using semantic content analysis. The relationship between the dimensions and sub-dimensions of RMD 'quantity' and 'richness', and various corporate characteristics were explored using ordinary least squares (OLS) regression analysis. Findings-The results indicate that RMD are considerably lacking in quality, from the 'quantity', 'width' and particularly the 'depth' dimension and sub-dimensions for both years. Many companies provide 'boiler plate' RMD over consecutive years and many do not comply with the intent of the ASX Corporate Governance Principles and Recommendations (CGPR) under the 'if not, why not' regime (ASX CGC 2010). Company size and cross listing were found to be the primary determinants of higher quality RMD and to a lesser extent firm risk. Some evidence was found that 'quality' RMD were less likely where companies are more highly leveraged and when their shareholders are more concentrated. Research limitations/implications-Although two coders independently coded the RMD and specific decision rules were followed, the subjectivity inherent in conducting semantic content analysis into the dimensions and sub-dimensions of the framework cannot be completely eliminated. However, by adopting a finer-grained approach this study contributes to the global literature on the quality of RMD. Previous studies are extended by analysing and testing the individual dimensions and sub-dimensions of 'quantity' and 'richness' which provides new empirical evidence and a more comprehensive portrayal of RMD quality and a greater understanding why some companies are more likely to disclose higher quality RMD than others. Practical implications-These results provide useful and predominantly new empirical evidence on the quality of RMD for practitioners, regulators and researchers. As many companies are not complying with the 'intent' of the 'if not, why not' approach, these results support the argument for mandated narrative RMD regulations at an international level. Originality/value-The multidimensional framework of RMD 'quantity' and 'richness' provides a bases for examining not only how much is disclosed, but what is disclosed and how. In adopting a finer-grained approach, this study analyses and tests the individual dimensions and sub-dimensions of the framework. This provides a deeper understanding of the overall quality of RMD and the determinants driving RMD quality for the sample companies.

show abstract

Section: Firm Sizementioning

confidence: 73%

A finer-grained approach to assessing the “quality” (“quantity” and “richness”) of risk management disclosures

Jia

Munro

Buckby

2016

MAJ

View full text Add to dashboard Cite

show abstract

“…In the finance literature, there are many studies exploring the extent of the general risk disclosure but few exploring operational risk disclosure, including: Linsley and Shrives (2006) in UK and Canada; Helbok and Wagner (2006) in North America, Asia and Europe; Oliveira, Rodrigues and Craig (2011) in Portugal; Hemrit and Ben Arab (2011) in Tunisia; Haija and Hayek (2012) in Jordan; Barakat and Hussainey (2013) in Europe; Herghiligiu (2013) in Romania; and Barakat Chernobai and Wahrenburg (2014) in the USA.…”

Section: Introductionmentioning

confidence: 99%

Does Operational Risk Disclosure Quality Increase Operating Cash Flows?

Nobanee

Ellili

2017

BAR, Braz. Adm. Rev.

View full text Add to dashboard Cite

This study aims to measure the degree of operational risk disclosure and examine its impact on operating cash flow of banks listed on the UAE Abu Dhabi Stock Exchange (ADX) and Dubai Financial Market (DFM) during the period 2003-2016. The authors conducted content analysis of the annual reports to measure the degree of operational risk disclosure. In addition, they used dynamic panel data regressions to analyze the impact of operational risk disclosure on the operating cash flow generated by the banks. The results show a low degree of operational risk disclosure for all UAE banks, both Islamic and conventional. In addition, the results show no association between the levels of disclosure of operational risk and cash flow for all banks, conventional and Islamic. Operational risk disclosure of Islamic banks has not been examined by any prior researchers. In addition, this paper examines the potential impact of operational risk disclosure on the operating cash flow generated by the banks.

show abstract

“…Equally important, the NCCG (2011) has required the board of directors of companies quoted on the Nigerian Stock Exchange (NSE) to ensure sufficient disclosure of the risk management practices and procedures of their firms as this will in a long way assist in boosting organizational outcomes. In like manner, agency theory postulates that disclosure of information on corporate risk reduces monitoring costs (Hemrit & Arab, 2011), which ensures that information is provided in the annual reports of companies (Depoers, 2000). Analytically, Buckby et al (2015) used thematic content analysis of annual reports to examine how quoted companies in Australia disclose their risk management practice.…”

Section: Risk Management Disclosure and Firm Performancementioning

confidence: 99%

Do board characteristics and risk management disclosure have any effect on firm performance? Empirical evidence from Deposit Money Banks (DMBs) in Nigeria

Kakanda¹,

Salim²,

Chandren³

2017

BEH

View full text Add to dashboard Cite

This study examines the relationship between board characteristics, risk management disclosure and performance of Deposit Money Banks (DMBs) in Nigeria. Data were obtained from the annual accounts and reports of the 15 DMBs listed on the Nigerian Stock Exchange (NSE) covering 2012 to 2016. For the purpose of testing the relationship between the dependent variable (return on asset [ROA]) and the explanatory variables in this study, Random Effect (RE) regression model was employed. The study finds that board size, board composition, and risk management disclosure have a significant positive effect on ROA, whereas, board meeting has a significant negative influence on ROA. Moreover, the study documents that board expertise has a negative, but an insignificant association with ROA. The finding of this study is essential to both corporate authorities and other corporate stakeholders in Nigeria. The study concludes by providing an agenda for future research in a similar domain.

show abstract

The disclosure of operational risk in tunisian insurance companies

Cited by 16 publications

References 0 publications

A finer-grained approach to assessing the “quality” (“quantity” and “richness”) of risk management disclosures

A finer-grained approach to assessing the “quality” (“quantity” and “richness”) of risk management disclosures

Does Operational Risk Disclosure Quality Increase Operating Cash Flows?

Do board characteristics and risk management disclosure have any effect on firm performance? Empirical evidence from Deposit Money Banks (DMBs) in Nigeria

Contact Info

Product

Resources

About