Skip to main content
Article thumbnail
Location of Repository

The extent and determinants of narrative disclosures of \ud risk management in annual reports of UK listed companies\ud \ud

By K. Traster

Abstract

This paper studies the determinants of information in narrative disclosures provided by companies listed at the London Stock Exchange's business support and services sector with respect to their risk management systems and procedures. An index with 71

Topics: law, ffe, com
Publisher: Bournemouth University
Year: 2005
OAI identifier: oai:eprints.bournemouth.ac.uk:3160

Suggested articles

Citations

  1. (2000). A Conceptual Framework for Corporate Risk Disclosure Emerging from the Agenda for Corporate Governance Reform. doi
  2. (2002). A re-examination of disclosure level and expected cost of equity capital. doi
  3. (2001). A study of the relationship between corporate governance structures and the extent of voluntary disclosure. doi
  4. (1997). A Survey of Corporate Governance. doi
  5. (1988). A theory of intraday patterns: Volume and price variability. doi
  6. (1996). Accounting and Accountability. Upper Saddle River
  7. (1995). Accounting, Ambiguity and the New Institutionalism. doi
  8. (1974). An Approach to Incorporating Social Preferences in Developing Corporate Strategies. doi
  9. (1997). An Empirical Analysis of the Determinants of the Extent of Disclosure doi
  10. (1971). An Empirical Analysis of the Quality of Corporate Financial Disclosure. The Accounting Review,
  11. (1993). An Empirical Investigation of the Extent of Corporate Financial Disclosure in the Oil and Gas Industry.
  12. (2002). An Examination of the Corporate Social and Environmental Disclosures of BHP from 1983-1997: A Test of Legitimacy Theory. doi
  13. (2004). An Inquiry into the Nature and Causes of the Wealth of Nations [online]. doi
  14. (2004). Available from: -http://europa.eu.int/comm/internal_market/en/company/company/modern/governa nce_consult_responses_en.pdf
  15. (2004). Available from: -http://www.dti.gov.uk/cld/review.htm
  16. (1981). Bank annual report disclosure adequacy internationally. doi
  17. (1988). Basic Econometrics. Singapore:
  18. (2003). BP: a performance-driven company
  19. (2003). BP: a performance-driven company [Advertisement].
  20. (1977). Business and the News Media: The Paradox of Informed Misunderstanding. doi
  21. (2004). Business Ethics: A European Perspective. doi
  22. (2001). Business Ethics.
  23. (1997). Cannibals with Forks: The Triple Bottom Line of 21 st Century Business. doi
  24. (1975). Company size, listed versus unlisted stocks, and the extent of financial disclosure. doi
  25. (2004). Complete and definite list of securities listed on our markets [online]. London: London Stock Exchange. Available from:
  26. (1985). Continuous auctions and insider trading. doi
  27. (1996). Corporate disclosure policy and analyst behaviour.
  28. (1998). Corporate disclosure quality and the cost of debt.
  29. (1982). Corporate financial reporting in New Zealand: an analysis of user preferences, corporate characteristics and disclosure practices for discretionary information. doi
  30. (1982). Corporate Financial Reporting: A Methodological Review of Empirical Research. doi
  31. (1977). Corporate Financial Statements, a Product of the Market and Political Processes. doi
  32. (2003). Corporate Governance & Risk. doi
  33. (2003). Corporate Governance.
  34. (2003). Corporate Governance. London: Cavendish Publishing Ltd. 60 RAFFOURNIER, B.,
  35. (1961). Corporate reporting and investment d ecisions. Berkely (USA):
  36. (1961). Corporate reporting and investment decisions. Berkely (USA):
  37. (2000). Corporate Reporting on the Internet by Irish Companies.
  38. (1989). Corporate Social Disclosure: A Rebuttal of Legitimacy Theory. doi
  39. (2000). Cracking the Value Code: How Successful Businesses are Creating Wealth in the New Economy.
  40. (1993). Cross-sectional determinants of analyst ratings of corporate disclosures. doi
  41. (2001). Current Trends
  42. (1978). Current trends in corporate disclosure.
  43. (1977). Differences in disclosure needs of major users of financial statements. doi
  44. (2001). Diminishing the threats to shareholder wealth.
  45. (1976). Disclosure in published annual reports. doi
  46. (1989). Disclosure in the corporate annual reports of Swedish companies. doi
  47. (1997). Disclosure Level and the Cost of Equity Capital. doi
  48. (1985). Disclosure of Nonproprietary Information. doi
  49. (1995). Disclosure policy, information asymmetry, and liquidity in equity markets. doi
  50. (2003). Disclosure practice of foreign companies interacting with U.S. markets. Strategy Unit Working Paaper No. 03-081 [online]. Harvard: Harvard University. Available from:
  51. (1986). Disclosure Quality in Government Financial Reports: An Assessment of the Appropriateness of a Compound Measure. doi
  52. (1979). Disclosure Regulation in Financial Markets: Implications of Modern Finance Theory and Signaling Theory. In:
  53. (1991). Disclosure, Liquidity and the Cost of Equity Capital. doi
  54. (2002). Dissemination of Information for Investors at Corporate Web Sites. doi
  55. (2004). Doing Quantitative Research in Education using SPSS. doi
  56. (2002). Environmental Disclosures in the Annual Report: Extending the Applicability and Predictive Power of Legitimacy Theory. doi
  57. (1997). Environmental Legislation and Environmental Disclosure: Some Evidence From New Zealand. Asian Review of Accounting, doi
  58. (2000). Environmental Management, Environmental Accounting and Financial Performance. doi
  59. (1988). Estimating the Bid/Ask Spread. doi
  60. (1990). Expectations Adjustments via Timely Management Forecasts.
  61. (1995). Factors Influencing Voluntary Annual Report Disclosures by U.S., U.K. and Continental European Multinational Corporations. doi
  62. (1932). For Whom are Corporate Managers Trustees?. doi
  63. (2004). FRC announces review of Turnbull Guidance [online]. London: FRC. Available from:
  64. (1981). Good News and Bad News: Representational Theorems and Applications. doi
  65. (2000). In Search of New Foundations. doi
  66. (2003). In: Financial Reporting Council, doi
  67. (1983). Information Effects on the Bid-Ask Spread. doi
  68. (1976). Informational Aspects of Market Structure: An Introduction. doi
  69. (1995). International Capital market pressures and voluntary annual report disclosures by U.S. and U.K. multinationals. doi
  70. (1992). Intra-Industry Environmental Disclosures in Response to the Alaskan Oil Spill: A Note on Legitimacy Theory. doi
  71. (1988). Intranational and international consensus on the importance of disclosure items in financial reports: a Nigerian case study. doi
  72. (1983). Introduction to Survey Sampling. doi
  73. (1995). Investment Analysis and the Adjustment of Stock Prices to Common Information. doi
  74. (1973). Job Market Signalling. doi
  75. (1986). Large shareholders and corporate control. doi
  76. (2004). Listing Authority. Available from: -http://www.fsa.gov.uk/pubs/ukla/chapt12-3.pdf [Accessed
  77. (2004). London: Department of Trade and Industry. Available from: -http://www.dti.gov.uk/cld/non_exec_review/pdfs/higgsreport.pdf
  78. (2004). London: Department of Trade and Industry. Available from: -http://www.dti.gov.uk/cld/non_exec_review/pdfs/higgsreport.pdf [Accessed 18 December.2003]
  79. (1998). Major determinants of Interim disclosures in an emerging market.
  80. (1997). Management Forecast and Information Asymmetry: an Examination of Bid-Ask spreads. doi
  81. (1992). Managing internal corporate entrepreneurship: An agency theory perspective. doi
  82. (1995). Managing Legitimacy: Strategic and Institutional Approaches. doi
  83. (1974). Market Signalling. Cambridge (USA):
  84. (2002). Media Exposure, Public Policy Pressure, and Environmental Disclosure: An Examination of the Impact of Tri Data Availability. Accounting Forum, doi
  85. (1995). Mistakes Were Made: Organizations, Apologia, and Crises of Social Legitimacy. doi
  86. (2003). Modernising Company Law and Enhancing Corporate Governance – A Plan to Move Forward. European Union: (COM document 284,
  87. (1999). No Surprises, the case for better risk reporting. doi
  88. (1996). On equilibrium pricing under parameter uncertainty.
  89. (1995). On Legitimacy, Legitimation, and Organizations: A Critical Review and Integrative Theoretical Model. doi
  90. (1985). Optimal Release of Information by Firms. doi
  91. (1952). Portfolio Selection. doi
  92. (1993). Positive Accounting Theory and doi
  93. (1993). Positive accounting theory and the decision about disclosing accounting information: an empirical analysis. 16th Annual Congress,
  94. (1990). Positive accounting theory: A ten year perspective. The Accounting Review,
  95. (1986). Positive Accounting Theory. Upper Saddle River
  96. (1991). Positive Theory, Rationality and Accounting Regulation. doi
  97. (1980). Raising Finance and Firms’ Corporate Reporting Policies. doi
  98. (1992). Report of the Committee on the Financial Aspects of Corporate Governance. doi
  99. (1999). Research Methodology.
  100. (2003). Review of the role and effectiveness of non-executive directors [online]. doi
  101. (2002). Risk Management. The reinvention of internal control and the changing role of internal audit. doi
  102. (1974). Selected items of information and their disclosure in annual reports.
  103. (1993). Socially Responsible Accounting.
  104. (2004). Sourcebook of rules and guidance. Listing Rules [online].
  105. (2004). SPSS 12.0 Guide to Data Analysis. Upper Saddle River,
  106. (2003). Standards and Audits for Ethics Management Systems. The European Perspective. doi
  107. (2002). Statement of Principles on the Responsibilities of Instituional Shareholders and Agents [online]. London: Association of British Insurers. Available from: -http://www.abi.org.uk/Display/File/38/Statement_of_Principles.pdf [Accessed
  108. (2004). Statistics for People Who (Think They) Hate Statistics. doi
  109. (1999). Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure. doi
  110. (2003). Survey of Fund Managers’ Engagement with companies. London: Investment Management Association.
  111. (2001). The Boardroom Imperative on Internal Control.
  112. (2003). The Combined Code on Corporate Governance. London: Financial Reporting Council. doi
  113. (1995). The determinants of voluntary financial disclosure by Swiss listed companies. doi
  114. (1990). The Double-Edge of Organizational Legitimation. doi
  115. (2000). The economic consequences of increased disclosure. doi
  116. (2001). The emerging role of the risk manager. In:
  117. (2001). The enlightening struggle against uncertainty.
  118. (2004). The Evolution of Institutional Economics. doi
  119. (1980). The impact of disclosure and measurement practices on international accounting classifications. doi
  120. (1997). The Influence of Company Characteristics and Accounting Regulation on Information Disclosed by Spanish Firms. The European Accounting Review, doi
  121. (1981). The Informational Role of Warranties and Private Disclosures about Product Quality. doi
  122. (2001). The relation between financial statement disclosures and the cost of equity capital of Singapore firms.
  123. (1979). The relationship between corporate disclosure and firm risk. doi
  124. (2004). The Risk Management of Everything. doi
  125. (1999). The Use of Corporate Social Disclosures in the Management of Reputation and Legitimacy. Business Ethics: A European Review, doi
  126. (2001). Total strategies for company-wide risk control.
  127. (1978). Towards a Positive Theory of the Determination of Accounting Standards. The Accounting Review,
  128. (2004). UK Accounting standards. Oxford: Chartered Institute of Management Accountants.
  129. (1989). Voluntary corporate disclosure by Swedish companies. doi
  130. (2000). Voluntary disclosure and equity offering: reducing information asymmetry or hyping the stock?. doi
  131. (1995). Voluntary Disclosure in the Annual Reports of New Zealand Companies. doi
  132. (1993). Voluntary disclosure of segment information by Australian diversified companies. doi
  133. (1987). Voluntary financial disclosure by Mexican corporations.
  134. (2001). Who Owns the Media. doi
  135. (1986). Why Do Managers Voluntarily Release Earnings Forecasts?. doi
  136. (1997). Why Do Security Prices Change? A Transaction-Level Analysis of NYSE Stocks. doi
  137. (1994). Why Firms Voluntarily Disclose Bad News. doi

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.