Conscientia Beam || conscientiabeam.com

Export to

Contact Us

For Marketing, Sales and Subscriptions Inquiries

2637 E Atlantic Blvd #43110
Pompano Beach, FL 33062

USA

Conference List

Journal of Empirical Studies

September 2014, Volume 1, 3, pp 105-115

The Association Between Corporate Risk Disclosure and Firm Performance in Emerging Country – The Case of Egypt

Marwa Abdel Razek

Marwa Abdel Razek¹

Senior accountant â€“ Al Mamourra for housing and development company Egypt ¹

on Google Scholar

Razek Marwa Abdel

on PubMed

Razek Marwa Abdel

Pages: 105-115

View Citation

934Views

Create Citation Alert

Abstract:

The aim of this paper is to investigate the association between corporate risk disclosure and firm performance (ROA, ROE, and ESP), Using SPSS statistical, results show that there is an insignificant association between liquidity risk, interest rate risk, credit risk, exchange rate and firm profitability.

This study is restricted to examine one year annual report 2013, exclude financial sector due to their specific law and rules and sample size on the other hand, this research paper is limited to investigating the association between risk disclosure mainly financial risk, liquidity risk and profitability.

Contribution/ Originality

This study contributes to literature in many reasons:

Firstly, in line with Mousa at al 2013, Vandemelle 2009 documents that there is a negative relationship between corporate risk disclosure and profitability

Secondly, this paper is one of very few studies which investigate the determinants of corporate risk disclosure in an Arab country (Egypt)

Thirdly, this study use EPS for measure profitability

Finally, this study encourages accounting setters to improve risk disclosure practice which could affect decisions making

Keywords:

Reference:

Abraham, S. and P. Cox, 2007. Analysing the determinants of narrative risk information in UK FTSE 100 annual reports,. The British Accounting Review, 39(3):pp227–248.
Adamu, 2013. Risk reporting : A study of risk disclosure in the a.nnual reports of listed companies in Nigeria. Research Journal of Finance and Accounting, 4(16): 140-147.
Al-shammari, B., 2014. Kuwait corporate characteristics and level of risk disclosure: A content analysis. Journal of Contemporary Issues in Business Research, 3(3): 128–153.
Amran, A., A.M.R. Bin and B.C.H.M. Hassan, 2009. Risk reporting: An exploratory study on risk management disclosure in Malaysian annual reports. Managerial Auditing Journal, 24(1): 39–57.
An, Y., H. Davey and I.R.C. Eggleton, 2011. Towards a comprehensive theoretical framework for voluntary IC disclosure. Journal of Intellectual Capital, 12(4): 571–585.
Berretta, S. and S. Bozzilian, 2004. A framework for the analysis of firm risk communication., The International Journal of Accounting, (39):265-288.
Chau, G.K. and S.J. Gray, 2002. Ownership structure and corporate voluntary disclosure in Hong Kong and Singapore. The International Journal of Accounting, 37(2): 247–265.
Cheng, E.C.M. and S.M. Courtenay, 2006. Board composition, regulatory regime and voluntary disclosure. The International Journal of Accounting, 41(3): 262–289.
Elzahar, H. and K. Hussainey, 2012. Determinants of narrative risk disclosures in UK interim reports. The Journal of Risk Finance, 13(2): 133–147.
Hussainey, K., T. El Shandidy and I. Fraser, 2013. Aggregated , voluntary and mandatory risk disclosure incentives?: Aggregated , voluntary , and mandatory risk disclosure incentives?: Evidence from UK FTSE all-share companies. International Review of Financial Analyis, 30: 320–333.
Khlif, H. and k. Hussainey, 2014. The association between risk disclosure and firm characteristics?: A meta-analysis, Available from http://www.academia.edu/7251812/Risk_Disclosure_Meta_Analysis_Accepted_version.
Linsley, S., 2006. Risk reporting – a study of risk disclosure in the annual reports of UK companies. The British Accounting Review, (38): 387-404
Liu, 2006. A content analysis of external risk reporting in UK public telecommunication companies. MA Thesis.
Mihkinen, 2013. The usefulness of firm disclosure under difference firm risks, investor –interest and market conditions, new evidence from Finland. Advance in Accounting in Corporate Advance in Internal Accounting, (29): 312-331.
Mohobbot, A., 2005. Corporate risk reporting practice in Annual Reporting in Annual of Japananse Companies.
Mokhtar, E.S. and H. Mellett, 2013. Competition, corporate governance, ownership structure and risk reporting. Managerial Auditing Journal, 28(9): 838–865.
Mousa, G.A. and E.A.H. Elamir, 2013. Content analysis of corporate risk disclosures: The Case of Bahraini Capital Market Mousa & Elamir, 4(1): 27–54.
Ntim, G., L. Sarah and A. Thomas, 2013. Corporate governance and risk reporting in South Africa: A study of corporate risk disclosure in the pre and post 2007-2008. Global financial crisis periods. International Review of Financial Analysis, (30): 363-383.
Oluwagbmiga, 2014. Risk disclosure in the published financial statements and firm performance – evidence from the Niegeria listed companies. Journal of Economics and Suitable Development, 5(8): 86-95.
Solomon, Y., A. Solomon, S. and N. Joseph, 2000. A conceptual framework for corporate risk disclosure emerging from agenda for corporate governance reform. The British Accounting Review , 32(4): 447-478.
Vandemelle, 2009. Management risk reporting practices and their determinants. ,- a study of begian listed firm. Available from https://doclib.uhasselt.be/dspace/bitstream/1942/.
Watson, A. and C. Marston, 2002. Voluntary disclosure of accounting ratios in the UK. The British Accounting Review, 34(4): 289-313.
Webb, K.a., S.F. Cahan and J. Sun, 2008. The effect of globalization and legal environment on voluntary disclosure. The International Journal of Accounting, 43(3): 219–245.
Zeghal, D., 2005. A content analysis of risk management disclosures in Canadian annual reports. Canadian Journal of Administrative Sciences, 22(2): 125-142.