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| Format: | Artículo científico |
| Sprache: | en |
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Universidad Nacional Autónoma de México
2015
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| Online-Zugang: | https://www.redalyc.org/articulo.oa?id=39541189005 |
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Inhaltsangabe:
- Determinants of corporate risk disclosure in large Spanish companies: a snapshot Mónica Hernández Madrigal Beatriz Aibar Guzmán Cristina Aibar Guzmán Administración y Contabilidad Stakeholders Risk reporting Content analysis Corporate governance Improvements in risk disclosure have been an important part of the corporate governance reforms. This paper is intended to identify the factors that explain the extent to which a sample of 35 listed Spanish firms disclose risk-related information. This study focuses on the risk disclosures made in the corporate governance reports during the year 2009. Using the content analysis technique an index was developed in order to assess the amount and quality of the risk information disclosed by Spanish companies. Several characteristics were selected and their influence on the level of risk disclosure was tested empirically. Results indicate that sector and risk level are positively related to the extent of corporate risk disclosures. This study adds to the international research on risk disclosure by extending the scope of the current understanding of risk reporting practices and their determinants. The findings could be especially useful for regulators and policy-makers in order to enhance risk disclosure and to improve transparency. All Rights Reserved © 2015 Universidad Nacional Autónoma de México, Facultad de Contaduría y Admin- istración. This is an open access item distributed under the Creative Commons CC License BY-NC-ND 4.0. 2015 artículo científico 0186-1042 https://www.redalyc.org/articulo.oa?id=39541189005 en http://www.redalyc.org/revista.oa?id=395 Contaduría y Administración application/pdf Universidad Nacional Autónoma de México Contaduría y Administración (México) Num.4 Vol.60