volume 35, issue 1, P1-23 2019
DOI: 10.1108/maj-07-2016-1403
View full text
MV Shivaani, P.K. Jain, Surendra S. Yadav

Abstract: Purpose This paper aims to gauge the quality of risk disclosure in 3,872 annual reports of Indian corporates, using a risk disclosure index (RDI) developed to capture both quality and quantity of risk disclosures. Design/methodology/approach Focussing on 69 risk items, the paper uses manual textual analysis and scores risk items using an ordinal scale, as opposed to the general practice of using a dichotomous scale. Findings The average risk index is low, but greater in the post-recession period than in t…

expand abstract