scholarly journals Linking Corporate Risk Disclosure Practices with Firm-Specific Characteristics in Saudi Arabia

2017 ◽  
Vol 19 (3) ◽  
pp. 247 ◽  
Author(s):  
Norsiah Ahmad ◽  
Omer Saeed Habtoor ◽  
Nor Raihan Mohamad ◽  
Mohd Hassan Che Haat
Keyword(s):  
Saudi Arabia ◽  
Firm Size ◽  
Positive Influence ◽  
Arab Countries ◽  
Annual Reports ◽  
Specific Information ◽  
Risk Disclosure ◽  
Big 4 ◽  
Time Specific ◽  
Corporate Risk

This study explores Corporate Risk Disclosure practices (CRD) in the annual reports of Saudi (non-financial) listed companies and investigates the relationship between the Saudi firm-specific characteristics and the level of such practices. Using content analysis of a sample of 307 company-year observations over the period of 2008-2011, the results indicate that Saudi Arabia provides a moderate level of CRD among the developed and developing countries. However, the content of this CRD is found to be of a low quality, by including non-financial, qualitative, neutral, or non-time-specific information. In addition, the unbalanced panel regression analysis shows a significant positive influence of firm size and audit firm size on the level of CRD. This indicates that Saudi companies which disclose higher risk-related information are those characterised by their larger size, and are audited by the Big 4 audit firms. This study contributes to the risk literature by providing an initial understanding of the CRD practices and their variations in light of the firm-specific characteristics in emerging markets in general and Arab countries in particular..

scholarly journals ANALISIS PENGARUH KARAKTERISTIK PERUSAHAAN TERHADAP CORPORATE RISK DISCLOSURE (CRD) (Studi Empiris pada Perusahaan-Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia)

2019 ◽  
Vol 15 (2) ◽  
pp. 138-149
Author(s):  
Ellensia Pramardhikasari ◽  
Indira Januarti
Keyword(s):  
Firm Size ◽  
Annual Report ◽  
Financial Statements ◽  
Research Data ◽  
Annual Reports ◽  
Analysis Method ◽  
Risk Disclosure ◽  
Corporate Risk ◽  
Positive Effect ◽  
Multipleregression Analysis

The purpose of this research is to provide empirical evidence about the factors which areinfluence corporate risk disclosure (CRD) in annual report of corporates mining. Corporatecharacteristics used in this research are firm size and leverage companies. Risk disclosure wasmeasured by content analysis-sentence approach. The research data were collected from 160of financial statements and annual reports of corporates mining that listed in Indonesian StockExchanges (IDX) for 2011 until 2015. Theory agency be used in this research to explains therelationship between variables. The analysis method of this research is using multipleregression analysis. The result of this research find that corporate characteristics, firm size,have significant positive effect on corporate risk disclosure (CRD) and leverage companiesdidn’t have significant effect on it.

scholarly journals The level of risk disclosure in listed banks: Evidence from Saudi Arabia

2016 ◽  
Vol 14 (1) ◽  
pp. 175-194 ◽  
Author(s):  
Abdullah Al-Maghzom ◽  
Khaled Hussainey ◽  
Doaa Aly
Keyword(s):  
Saudi Arabia ◽  
Empirical Analysis ◽  
Risk Information ◽  
Annual Reports ◽  
Islamic Banks ◽  
Risk Disclosure ◽  
Reporting Practices ◽  
The Empirical Analysis ◽  
Practical Implications ◽  
Level Of Risk

This study contributes to the existing risk disclosure literature in emerging economies, in particular Saudi Arabia (SA), by examining the levels of risk disclosure in the annual reports of both Islamic and non-Islamic listed banks. This investigation uses a manual content analysis method to examine all Saudi listed banks from 2009 to 2013. This study also develops two holistic risk disclosure indices to measure the levels of risk disclosure in both Islamic and non-Islamic banks. The empirical analysis shows that Islamic banks report less risk information than non-Islamic banks. However, the analysis also reveals that both Islamic and non-Islamic banks report relatively the same amount of risk information regarding the banks’ universal items. Furthermore, the empirical analysis shows that Islamic banks report very low risk disclosure items. The study’s findings have practical implications. They inform the regulators about the current level of risk disclosure in all Saudi listed banks (Islamic and non-Islamic). For example, the findings show that Islamic banks report less risk information than their non-Islamic counterparts. The practical implications for managers from these findings are that in order to keep investors satisfied, banks with low levels of risk disclosure should enhance their reporting practices. This will help investors when making investment decisions. To the best of the researchers’ knowledge, no prior research has previously been conducted on the levels of risk disclosure in Saudi Arabian listed banks. Therefore, this is the first study to examine the levels of risk disclosure in the context of Saudi Arabia.

scholarly journals Corporate risk disclosures: Influence of institutional shareholders and audit committee

2013 ◽  
Vol 10 (4) ◽  
pp. 341-354 ◽  
Author(s):  
Xuan Zhang ◽  
Dennis Taylor ◽  
Wen Qu ◽  
Judith Oliver
Keyword(s):  
Audit Committee ◽  
Audit Committees ◽  
Annual Reports ◽  
Risk Disclosure ◽  
Proprietary Information ◽  
High Resource ◽  
Institutional Shareholders ◽  
Risk Disclosures ◽  
Corporate Risk ◽  
Made In

This study investigates the association between corporate risk disclosures and institutional shareholders and audit committees. Using a sample of 66 Australian listed companies, risk disclosures made in 2009 annual reports are analysed. Findings reveal that there is no significant relationship between dedicated-type institutional block shareholders and risk disclosure, which it is argued is consistent with a proprietary information perspective. A positive relationship however is found between transient-type institutional block shareholders and risk disclosures. This result is consistent with a principal that wields limited monitoring resources while achieving high resource dependency over management. Significant positive relationships are found between audit committee independence and risk disclosures.

Audit committee’s attributes, overlapping memberships on the audit committee and corporate risk disclosure: Evidence from Jordan

Accounting ◽  
2021 ◽  
pp. 423-440
Author(s):  
Malek Hamed Alshirah ◽  
Ahmad Farhan Alshira’h ◽  
Abdalwali Lutfi
Keyword(s):  
Audit Committee ◽  
Stock Exchange ◽  
Random Effect ◽  
Random Effect Model ◽  
Audit Committees ◽  
Annual Reports ◽  
Risk Disclosure ◽  
Committee Membership ◽  
Corporate Risk ◽  
Level Of Risk

This paper aims to contribute to the literature by examining whether audit committees' attributes affect risk disclosure practiced by Jordanian listed companies. Selecting a sample of 94 Jordanian companies listed on Amman Stock Exchange, the authors carried out a manual content analysis on annual reports to determine the level of risk disclosure. Random effect model was employed in the analysis. Empirical results show that the audit committee size had a positive effect on the level of risk disclosure. However, there was no evidence that the frequency of the audit committee meetings, expertise or overlapping of the audit committee membership were significantly related to the risk disclosure. The findings are important for standard setters to improve their comprehension about the influence of audit committee in disclosing risk information and reconsider the effective monitoring role played by audit committee.

scholarly journals Financial Risk Disclosure and Financial Attributes among Publicly Traded Manufacturing Companies: Evidence from Bangladesh

2018 ◽  
Vol 11 (3) ◽  
pp. 50 ◽  
Author(s):  
Ripon Dey ◽  
Syed Hossain ◽  
Zabihollah Rezaee
Keyword(s):  
Content Analysis ◽  
Financial Reporting ◽  
Firm Size ◽  
Financial Risk ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Risk Disclosure ◽  
Publicly Traded ◽  
Reporting Process ◽  
The Relationship

We explore the relationship between the degree of financial risk disclosure and a firm’s financial attributes. Financial risk disclosure indices (FRDIs) are calculated based on a set of 30 disclosure identifiers through content analysis of the annual reports of 48 manufacturing companies over a six-year period (2010–2015) in Bangladesh. We find no common practice among the companies in disclosing financial risk by integrating a customized financial risk disclosure into their financial reporting process. The results indicate that firm size, financial performance, and auditor type are positively and significantly associated with the level of financial risk disclosure.

Attributes of Corporate Risk Disclosure: An International Investigation in the Manufacturing Sector

2011 ◽  
Vol 10 (2) ◽  
pp. 1-22 ◽  
Author(s):  
Michael Dobler ◽  
Kaouthar Lajili ◽  
Daniel Zéghal
Keyword(s):  
Financial Risk ◽  
Manufacturing Sector ◽  
Annual Reports ◽  
Risk Disclosure ◽  
Firm Risk ◽  
The North ◽  
Disclosure Incentives ◽  
Corporate Risk ◽  
Risk Categories

ABSTRACT This paper is the first multi-country investigation of comprehensive corporate risk disclosure. Based on a detailed content analysis of 160 annual reports, we analyze the attributes and the quantity of risk disclosure and its association with the level of firm risk in the U.S., Canadian, U.K., and German settings. We find a consistent pattern where risk disclosure is most prevalent in management reports, concentrates on financial risk categories, and comprises little quantitative and forward-looking disclosure across sample countries. In terms of risk disclosure quantity, U.S. firms generally dominate, followed by German firms. Cross-country variation in risk disclosure attributes can only partly be linked to domestic disclosure regulation, suggesting that risk disclosure incentives play an important role. While risk disclosure quantity appears to be positively associated with proxies of firm risk in the North American settings, we find a negative association with leverage for Germany. This coincides with a “concealing motive” implied by an insider role of banks in the German financial setting.

scholarly journals KARAKTERISTIK PERUSAHAAN TERHADAP PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY (CSR) DAN DAMPAKNYA TERHADAP KINERJA KEUANGAN

2015 ◽  
Vol 12 (1) ◽  
Author(s):  
Yeterina Widi Nugrahanti ◽  
Oktania Maharani
Keyword(s):  
Firm Size ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Positive Influence ◽  
Annual Reports ◽  
Global Reporting Initiative ◽  
Economic Value Added ◽  
Firm Age ◽  
Csr Disclosure

The purpose of this study is to examine the effect of firm’s characteristic on Corporate SocialResponsibility (CSR) disclosures and the effect of CSR disclosures on financial performance.CSR disclosure is measured by Global Reporting Initiative Index and financial performance ismeasured by Economic Value Added (EVA). The firms’ characteristics are proxied by firm size,company profiles, leverage and firm age. The sample of this research was extracted withpurposive sampling method. Sample consist of 55 annual reports of manufacturing companieslisted on the Indonesian Stock Exchange as of December 31, 2010. The technique for examininghypothesis is multiple regression analysis by using SPSS 16.00 programs. The results indicatethat firm size and firm age have a significant positive influence on the corporate socialresponsibility disclosure. But, company profile and leverage failed to show its significant effect.Result showed that CSR disclosure has positive significant effect to financial performance.Tujuan dari penelitian ini adalah untuk memeriksa efek dari karakteristik perusahaan padapengungkapan tanggung jawa sosial perusahaan (CSR), serta dampak pengungkapan CSR padakinerja keuangan. Pengungkapan CSR diukur melalui by Global Reporting Initiative Inde,sedangkan kinerja keuangan diukur melalui Economic Value Added (EVA). Karakteristikperusahaan didekati dari ukuran perusahaan, profil perusahaan, leverage, dan usia perusahaan.Sampel dalam penelitian ini diperoleh melalui metode purposive sampling, yang terdiri dari 55laporan tahunan dari perusahaan manufaktur yang terdaftar dalam bursa sejak 31 Desember 2010.hipotesis diuji dengan regresi berganda menggunakan SPSS 16. Hasil penelitian menunjukkanbahwa ukuran dan usia perusahaan memiliki dampak yang positif dan signifikan padapengungkapan CSR, tetapi profil perusahaan dan leverage tidak menunjukkan efek yangsignifikan. Penelitian ini juga menunjukkan bahwa pengungkapan CSR memiliki dampak positifdan signifikan pada kinerja keuangan.

scholarly journals Firm’s size, mandatory adoption of IFRS and corporate risk disclosure among listed non-financial firms in Saudi Arabia

2021 ◽  
Vol 17 (2) ◽  
pp. 1-28
Author(s):  
Awatif Alsheikh ◽  
Mohamat Sabri Hassan ◽  
Norman Mohd-Saleh ◽  
Mohd Hafizuddin-Syah bin Abdullah ◽  
Warda Alsheikh
Keyword(s):  
Saudi Arabia ◽  
Financial Reporting ◽  
Small Firms ◽  
Ordinary Least Squares ◽  
Risk Disclosure ◽  
Financial Firms ◽  
Mandatory Adoption ◽  
Risk Disclosures ◽  
Corporate Risk ◽  
The Relationship

This study examines the relationship between the mandatory adoption of International Financial Reporting Standards (IFRS) and the disclosures of corporate risk among non-financial firms in Saudi Arabia. Based on the observation of 320 firm-year from 2015 until 2017, this study reveals a positive relationship between the mandatory adoption of IFRS and the corporate risk disclosures. The relationship holds when we decompose corporate risk disclosures into financial and non-financial risk disclosures. The results are consistent for both the pooled Ordinary Least Squares (OLS) and random effects estimations. Additionally, the result is steady with all primary categories except risk management. We also provide evidence that large firms are more likely to adopt IFRS and reveal more risk information than small firms. This study’s findings are relevant for market regulators in their attempt to improve corporate risk disclosures among listed firms in Saudi Arabia.

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