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Corporate governance and risk disclosure quality: Tunisian evidence

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Corporate governance and risk disclosure quality: Tunisian evidence. / Salem, Issal Haj; Ayadi, Salma Damak; Hussainey, Khaled.

In: Journal of Accounting in Emerging Economies, 07.08.2019.

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Salem, Issal Haj ; Ayadi, Salma Damak ; Hussainey, Khaled. / Corporate governance and risk disclosure quality: Tunisian evidence. In: Journal of Accounting in Emerging Economies. 2019.

Bibtex

@article{1e583453c00e4531b9afb87a57c5ec9d,
title = "Corporate governance and risk disclosure quality: Tunisian evidence",
abstract = "Methodology: We examine 152 annual reports of Tunisian non-financial-listed firms during 2008-2013.We use the manual content analysis method to measure the risk disclosure quality. Findings: We find that the quality of risk disclosure in Tunisian companies is relatively low. We also find that the quality of risk disclosure is positively associated with institutional ownership, board independence, the presence of women on the board, the presence of family members on the board, and the independence of audit committee. Managerial ownership has a negative effect on risk disclosure quality. Finally, we find that the revolution decreases the influence of concentration ownership, government ownership, family ownership and audit committee size on risk disclosure quality. Originality/value: Using a comprehensive set of corporate governance mechanisms and a new measure for risk disclosure quality in Tunisia, we provide the first empirical evidence on the impact of corporate governance mechanisms on risk disclosure quality in a developing country. Our study has theoretical and practical implications for both developed and developing countries.",
keywords = "Risk disclosure quality, corporate governance, content analysis, annual reports, Tunisian firms",
author = "Salem, {Issal Haj} and Ayadi, {Salma Damak} and Khaled Hussainey",
year = "2019",
month = "8",
day = "7",
doi = "10.1108/JAEE-01-2019-0005",
language = "English",
journal = "Journal of Accounting in Emerging Economies",
issn = "2042-1168",
publisher = "Emerald Group Publishing Limited",

}

RIS

TY - JOUR

T1 - Corporate governance and risk disclosure quality: Tunisian evidence

AU - Salem, Issal Haj

AU - Ayadi, Salma Damak

AU - Hussainey, Khaled

PY - 2019/8/7

Y1 - 2019/8/7

N2 - Methodology: We examine 152 annual reports of Tunisian non-financial-listed firms during 2008-2013.We use the manual content analysis method to measure the risk disclosure quality. Findings: We find that the quality of risk disclosure in Tunisian companies is relatively low. We also find that the quality of risk disclosure is positively associated with institutional ownership, board independence, the presence of women on the board, the presence of family members on the board, and the independence of audit committee. Managerial ownership has a negative effect on risk disclosure quality. Finally, we find that the revolution decreases the influence of concentration ownership, government ownership, family ownership and audit committee size on risk disclosure quality. Originality/value: Using a comprehensive set of corporate governance mechanisms and a new measure for risk disclosure quality in Tunisia, we provide the first empirical evidence on the impact of corporate governance mechanisms on risk disclosure quality in a developing country. Our study has theoretical and practical implications for both developed and developing countries.

AB - Methodology: We examine 152 annual reports of Tunisian non-financial-listed firms during 2008-2013.We use the manual content analysis method to measure the risk disclosure quality. Findings: We find that the quality of risk disclosure in Tunisian companies is relatively low. We also find that the quality of risk disclosure is positively associated with institutional ownership, board independence, the presence of women on the board, the presence of family members on the board, and the independence of audit committee. Managerial ownership has a negative effect on risk disclosure quality. Finally, we find that the revolution decreases the influence of concentration ownership, government ownership, family ownership and audit committee size on risk disclosure quality. Originality/value: Using a comprehensive set of corporate governance mechanisms and a new measure for risk disclosure quality in Tunisia, we provide the first empirical evidence on the impact of corporate governance mechanisms on risk disclosure quality in a developing country. Our study has theoretical and practical implications for both developed and developing countries.

KW - Risk disclosure quality

KW - corporate governance

KW - content analysis

KW - annual reports

KW - Tunisian firms

U2 - 10.1108/JAEE-01-2019-0005

DO - 10.1108/JAEE-01-2019-0005

M3 - Article

JO - Journal of Accounting in Emerging Economies

JF - Journal of Accounting in Emerging Economies

SN - 2042-1168

ER -

ID: 14856976