Financial risk reporting practices: systematic literature review and research agenda. Issue 3 (2nd September 2019)

• Record Type: Journal Article
• Authors: Khandelwal, Chandni; Kumar, Satish; Verma, Deepak; Pratap Singh, Harsh
• Is Part Of: Bottom line. Volume 32:Issue 3(2019)
• Page Start: 185
• Page End: 210
• Publication Date: 2019-09-02
• Subjects: Systematic literature review -- Literature review -- Content analysis -- Citation analysis -- Risk reporting -- Risk management -- Disclosure; Library finance -- Periodicals; Libraries -- Economic aspects -- Periodicals; 025.11
• DOI: 10.1108/BL-03-2019-0071
• Languages: English
• ISSNs: 0888-045X

Abstract

Abstract : Purpose: This paper aims to review the status of literature on financial risk reporting practices (FRRP) for the purpose of synthesizing mounting literature to suggest the relevant risk reporting measure across the globe. Design/methodology/approach: Using a systematic literature review method, a total of 61 articles from 42 referred journals and international conferences published from 2000 to 2018 are reviewed. Findings: It has been found that despite the growing attention on and importance of corporate risk disclosure, academic literature on corporate risk disclosure is limited. Also, research linking risk disclosure with governance mechanisms is rare. Scrutiny of the literature on corporate risk disclosure shows that most of the researchers have focused on the limited or single period to examine the risk disclosure practices, determinants and corporate performance. The limitation of these studies is that with single period data analysis generalization of findings is limited. Findings of longitudinal studies are more reliable, and in extant literature, only a few studies have used data of more than a single period. Originality/value: This paper contains a comprehensive listing of publications on financial risk reporting and corporate disclosure and its classification according to various attributes. The paper will be useful to researchers, finance professionals and others concerned with risk reporting to understand the importance of risk disclosure.