Authors: Bassam Rajab, Morrison Handley-Schachler
Addresses: School of Accounting, Economics and Statistics, Napier University Business School, Edinburgh Napier University, Edinburgh EH14 1DJ, UK. ' Teesside Business School, University of Teesside, Middlesbrough, Tees Valley, TS1 3BA, UK
Abstract: This study explores risk disclosure practice using content analysis of 156 annual reports prepared by 52 UK listed companies in three different periods (1998, 2001 and 2004). The study relates the extent of risk disclosure to firm-specific characteristics. The study found, a trend of increasing amounts of risk disclosure in the annual report over the six-year period influenced by accounting regulation and accounting institutes| recommendations. US dual listing and involvement in heavy industry are significantly and positively correlated with the level of risk information disclosed by the sampled companies. Risk disclosure is not related to size or leverage.
Keywords: risk disclosure; corporate disclosure; dual listed companies; UK; United Kingdom; annual reports; accounting regulations; accounting institute recommendations.
World Review of Entrepreneurship, Management and Sustainable Development, 2009 Vol.5 No.3, pp.224 - 243
Published online: 26 Jun 2009 *Full-text access for editors Access for subscribers Purchase this article Comment on this article