TY - JOUR
T1 - Risk reporting: A review of the literature and implications for future research
AU - Elshandidy, Tamer
AU - Shrives, Philip
AU - Bamber, Matt
AU - Abraham, Santhosh
PY - 2018/6
Y1 - 2018/6
N2 - This paper provides a wide-ranging and up-to-date (1997-2016) review of the archival empirical risk-reporting literature. The reviewed papers are classified into two principal themes: the incentives for and/or informativeness of risk reporting. Our review demonstrates areas of significant divergence in the literature specifically: mandatory versus voluntary risk reporting, manual versus automated content analysis, within-country versus cross-country variations in risk reporting, and risk reporting in financial versus non-financial firms. Our paper identifies a number of issues which require further research. In particular we draw attention to two: first, a lack of clarity and consistency around the conceptualization of risk; and second, the potential costs and benefits of standard-setters’ involvement.
AB - This paper provides a wide-ranging and up-to-date (1997-2016) review of the archival empirical risk-reporting literature. The reviewed papers are classified into two principal themes: the incentives for and/or informativeness of risk reporting. Our review demonstrates areas of significant divergence in the literature specifically: mandatory versus voluntary risk reporting, manual versus automated content analysis, within-country versus cross-country variations in risk reporting, and risk reporting in financial versus non-financial firms. Our paper identifies a number of issues which require further research. In particular we draw attention to two: first, a lack of clarity and consistency around the conceptualization of risk; and second, the potential costs and benefits of standard-setters’ involvement.
KW - Risk-reporting incentives and informativeness
KW - mandatory and voluntary risk reporting
KW - manual and automated content analysis
U2 - 10.1016/j.acclit.2017.12.001
DO - 10.1016/j.acclit.2017.12.001
M3 - Article
VL - 40
SP - 54
EP - 82
JO - Journal of Accounting Literature
JF - Journal of Accounting Literature
SN - 0737-4607
ER -