Risk-related disclosures by non-finance companies: Portuguese practices and discloser characteristics
Autor(a) principal: | |
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Data de Publicação: | 2011 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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7160 |
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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:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-02-22T11:09:31Zoai:ria.ua.pt:10773/5743Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T02:43:58.637039Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
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:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799137489816911872 |