The Relationship between Risk Disclosure and Firm Performance

• 발행기관: 한국유통과학회
• 저자명: Shehabaddin Abdullah A. AL-DUBAI Abeer M. M. ABDELHALIM
• 간행물 정보: 『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 8 No.6, 255~266쪽, 전체 12쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2021.06.30

영문 초록

This study aims to examine the moderating effect of risk management disclosure on the relationship between risk disclosure and firm performance as an attempt to contribute to the increasing body of literature concerning risk management disclosure by extracting new evidence from a fast-growing economic environment in Saudi Arabia. We used content analysis of cross-sectional data extracted from the audited annual reports of 72 non-financial Saudi listed firms in various non-financial sectors for the year 2018. Research hypotheses have been tested by using two robust statistical models (MM-Estimator Model and Robust Regression Model). The findings showed no evidence that risk disclosure and risk management disclosure matter concerning firm performance measured by the average of earning per share EPS when they are examined individually. However, when the moderating effect of risk management disclosure is considered, the results become significantly positive. These outcomes could explain one of the main reasons of the different and dissimilar findings of previous studies, which investigate the impact of risk disclosure and risk management disclosure on firm performance individually. Also, the results of this paper will help practitioners to reconsider the interacting relations of their risk disclosure and risk management disclosure actions on firm’s performance.

목차

1. Introduction

2. Literature Review and Hypothesis Development

3. Research Methods and Data

4. Results and Discussion

5. Conclusion

키워드

Risk Disclosure Risk Management Disclosure Firm Performance Saudi Arabia