Disclosure of corporate risk in the Euronext Lisbon firms

• Autor(a) principal: Puga, Joana Filipa Rodrigues
• Data de Publicação: 2013
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: https://doi.org/10.34624/ei.v0i7.6043

In this dissertation it is intend to study business risks, and their report analysis, in Portuguese enterprises with shares listed on Euronext Lisbon. The risk concept and the importance of risk report inherent in the business, are essential subjects during the current globalization age, characterized by a set of changes and uncertainties, where investors and stakeholders are increasingly demanding, being a crucial point for the economic and financial viability of an organization. The level of importance of reporting is supported by literature based on theories of report justification and new ways of reporting. This study aims to characterize the enterprises  and  its  own  reports  of  risks,  and  within  this,  an analysis of content was made to the annual reports of non- financial companies listed on Euronext Lisbon in 2010 to identify and measure the several types of risks involved. Based on this identification of risks, indices reports of types of risks involved were calculated to allow us to apply the different statistical models, such as regression tests and contingency analysis, to verify the existence of relevant connation between variables characterizing enterprises and the risk report.The test made to the formulated hypotheses showed evidences of significant and positive relation between dimension and systematic risk (just for a single semester), and/or and risks report. On the other hand, there were no evidences of any connation between variables of performance, leverage and systematic risk (first semester).Regarding the characterization of business risks report accomplished by the enterprises belonging to the sample, it was found that the risks disclosure is mainly relative to the past, non-monetarily and essentially regarding positive results.