Risk reporting: A review of the literature and implications for future research. Issue 1 (June 2018)

• Record Type: Journal Article
• Authors: Elshandidy, Tamer; Shrives, Philip J.; Bamber, Matt; Abraham, Santhosh
• Is Part Of: Journal of accounting literature. Volume 40:Issue 1(2018)
• Page Start: 54
• Page End: 82
• Publication Date: 2018-06
• Subjects: D82 -- G14 -- G18 -- M41 -- M42; Risk-reporting incentives and informativeness -- Mandatory and voluntary risk reporting -- Manual and automated content analysis; Accounting literature -- Periodicals; Accounting -- Periodicals; Accountancy; Comptabilité -- Documentation -- Périodiques; Comptabilité -- Périodiques; Accounting; Accounting literature; Periodicals; 657.05
• DOI: 10.1016/j.acclit.2017.12.001
• Languages: English
• ISSNs: 0737-4607

Abstract

Abstract: 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.