Title: Disclosing risk information by Malaysian firms: a trend and the determinants

Authors: Rayenda Brahmana; Jia Hui Tan

Addresses: Faculty of Economics and Business, Universiti Malaysia Sarawak, Kota Samarahan, Sarawak 94300, Malaysia ' Faculty of Economics and Business, Universiti Malaysia Sarawak, Kota Samarahan, Sarawak 94300, Malaysia

Abstract: This study examines the determinants of disclosing risk information for a sample of 144 listed firms in Malaysia over 2010-2014. Using fixed effect panel regression with robust white test to control the standard error, we find that the size, leverage, growth are the factors for the company to disclose more risk information. Interestingly, profitability has no significant contribution on risk disclosure. These findings gives implication to the policy maker and industry that the implementation of risk disclosure as part of good corporate governance might not be smooth because only big size firms, good leverage firms and high growth firms are the firms that would disclose their risk information.

Keywords: risk disclosure; voluntary disclosure; corporate risk; Malaysia.

DOI: 10.1504/IJEPEE.2018.094804

International Journal of Economic Policy in Emerging Economies, 2018 Vol.11 No.5, pp.457 - 469

Received: 30 May 2016
Accepted: 16 Mar 2017
Published online: 23 Sep 2018 *

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