The board's role in risk disclosure: an exploratory study of Italian listed state-owned enterprises

Alessandra Allini; Francesca Manes Rossi; Khaled Hussainey

doi:10.1080/09540962.2016.1118935

The board's role in risk disclosure: an exploratory study of Italian listed state-owned enterprises

Alessandra Allini, Francesca Manes Rossi, Khaled Hussainey

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Abstract

The determinants of risk disclosure in the annual reports of listed state-owned enterprises (SOEs) have yet to be fully explored. This paper examines the potential impact of the composition of the boards of directors and other company-specific features on risk disclosure levels. The presence of women on a board made a significant difference to risk disclosure, as did the age of board members. Board directors having an accounting or finance/business qualification affected risk disclosure negatively; company size and an internet visibility were positively related to risk disclosure. Although an Italian study, the lessons here will have application to academia and to practitioners, policy-makers and standard-setters worldwide.

Original language	English
Pages (from-to)	113-120
Journal	Public Money & Management
Volume	36
Issue number	2
Early online date	11 Dec 2015
DOIs	https://doi.org/10.1080/09540962.2016.1118935
Publication status	Published - 23 Feb 2016

Keywords

agency theory
board of directors
corporate governance
risk disclosure
state-owned enterprises

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10.1080/09540962.2016.1118935

HUSSAINEY_cright_11A_THE BOARD_S ROLE IN RISK DISCLOSURE AN EXPLORATORY STUDY OF ITALIAN LISTED STATE-OWNED ENTERPRISES
This is an Accepted Manuscript of an article published in Public Money and Management, (2016), available online: http://www.tandfonline.com/10.1080/09540962.2016.1118935
Accepted author manuscript (Post-print), 702 KB

http://www.tandfonline.com/doi/full/10.1080/09540962.2016.1118935

Cite this

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abstract = "The determinants of risk disclosure in the annual reports of listed state-owned enterprises (SOEs) have yet to be fully explored. This paper examines the potential impact of the composition of the boards of directors and other company-specific features on risk disclosure levels. The presence of women on a board made a significant difference to risk disclosure, as did the age of board members. Board directors having an accounting or finance/business qualification affected risk disclosure negatively; company size and an internet visibility were positively related to risk disclosure. Although an Italian study, the lessons here will have application to academia and to practitioners, policy-makers and standard-setters worldwide. ",

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The board's role in risk disclosure: an exploratory study of Italian listed state-owned enterprises

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Keywords

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