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Risk-related disclosures by non-finance companies: Portuguese practices and discloser characteristics

Detalhes bibliográficos
Autor(a) principal: Oliveira, Jonas
Data de Publicação: 2011
Outros Autores: Rodrigues, Lúcia Lima, Craig, Russell
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Texto Completo: http://hdl.handle.net/10773/5743
Resumo: Purpose — We assess the risk-related disclosure practices in annual reports for 2005 of Portuguese companies in the non-finance sector.
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spelling Risk-related disclosures by non-finance companies: Portuguese practices and discloser characteristicsAgencyLegitimacyManagementPortugalResources-basedRiskDisclosurePurpose — We assess the risk-related disclosure practices in annual reports for 2005 of Portuguese companies in the non-finance sector.Design/methodology/approach — We conduct a content analysis of a sample of 81 companies (42 listed and 39 unlisted). In considering corporate governance effects, the sample is reduced to the 42 listed companies that are required to disclose a corporate governance report.Findings —Implementation of IAS/IFRS and the European Union’s Modernisation Directive in 2005 did not affect the quantity and quality of risk-related disclosures positively. Disclosures are generic, qualitative, and backward-looking. Public visibility (as assessed by size and environmental sensitivity) is a crucial influence in explaining risk-related disclosures: companies appear to manage their reputation through disclosure of risk-related information. Agency costs associated with leverage are important influences also. In listed companies, the presence of independent directors improves the level of risk-related disclosures.Research limitations —Content analysis does not allow readily for in-depth qualitative inquiry. The coding instrument is subject to coder bias. Information about risk can be provided in sources other than annual reports. The study is confined to one year/one country and pre-dates the global financial crisis (2008) and the implementation of IFRS 7 (2007).Originality/value — The results point to the desirability of enhancing accountability by mandating further disclosure of substantive and relevant risk-related information in company annual reports. The risk-related disclosures observed are shown to be explained by a confluence of agency theory, legitimacy theory and resources-based perspectives.Emerald Group Publishing2012-02-03T12:52:47Z2011-01-01T00:00:00Z2011info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10773/5743eng0268-6902Oliveira, JonasRodrigues, Lúcia LimaCraig, Russellinfo:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-05-06T03:37:49Zoai:ria.ua.pt:10773/5743Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T13:41:18.575372Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Risk-related disclosures by non-finance companies: Portuguese practices and discloser characteristics
title Risk-related disclosures by non-finance companies: Portuguese practices and discloser characteristics
spellingShingle Risk-related disclosures by non-finance companies: Portuguese practices and discloser characteristics
Oliveira, Jonas
Agency
Legitimacy
Management
Portugal
Resources-based
Risk
Disclosure
title_short Risk-related disclosures by non-finance companies: Portuguese practices and discloser characteristics
title_full Risk-related disclosures by non-finance companies: Portuguese practices and discloser characteristics
title_fullStr Risk-related disclosures by non-finance companies: Portuguese practices and discloser characteristics
title_full_unstemmed Risk-related disclosures by non-finance companies: Portuguese practices and discloser characteristics
title_sort Risk-related disclosures by non-finance companies: Portuguese practices and discloser characteristics
author Oliveira, Jonas
author_facet Oliveira, Jonas
Rodrigues, Lúcia Lima
Craig, Russell
author_role author
author2 Rodrigues, Lúcia Lima
Craig, Russell
author2_role author
author
dc.contributor.author.fl_str_mv Oliveira, Jonas
Rodrigues, Lúcia Lima
Craig, Russell
dc.subject.por.fl_str_mv Agency
Legitimacy
Management
Portugal
Resources-based
Risk
Disclosure
topic Agency
Legitimacy
Management
Portugal
Resources-based
Risk
Disclosure
description Purpose — We assess the risk-related disclosure practices in annual reports for 2005 of Portuguese companies in the non-finance sector.
publishDate 2011
dc.date.none.fl_str_mv 2011-01-01T00:00:00Z
2011
2012-02-03T12:52:47Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10773/5743
url http://hdl.handle.net/10773/5743
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0268-6902
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Emerald Group Publishing
publisher.none.fl_str_mv Emerald Group Publishing
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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