Market Risk Reporting by the World's Top Banks: Evidence on the Diversity of Reporting Practice and the Implications for Accounting Harmonisation

Woods, Margaret; Dowd, Kevin; Humphrey, Christopher

doi:10.2139/ssrn.1308512

Cited by 26 publications

(51 citation statements)

References 34 publications

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“…Bozzolan (2004, 2008) find no significant relationship between their constructed measures of disclosure quality and firm size. Likewise, Woods et al (2008) do not find market capitalisation to be a significant explanatory variable. 58 See Jensen and Meckling (1976, p. 345).…”

Section: Profitabilitymentioning

confidence: 72%

“…30 Disclosure indices share some of the problems 24 Helbok and Wagner (2006). 25 Woods et al (2008). 26 Studies of developed countries include Beretta and Bozzolan (2004), Ali (2005), Shrives (2005b, 2006), Abraham and Cox (2007), Konishi and Ali (2007), Deumes and Knechel (2008) and Vandemaele et al (2009).…”

Section: Risk Disclosure Measurementmentioning

confidence: 99%

“…71 Ahmed and Courtis (1999), Robb et al (2001), Abraham and Cox (2007), Lopes and Rodrigues (2007) and Deumes and Knechel (2008) show a positive relationship between listing status and disclosure. 72 See Vanstraelen et al (2003) and Woods et al (2008). 73 Gray (1988).…”

Section: Banking Activities and Type Of Insurancementioning

confidence: 99%

“…48 See Lopes and Rodrigues (2007, p. 36). Unweighted disclosure index studies include Woods et al (2008), Deumes and Knechel (2008) and Pe´rignon and Smith (2008). 49 Marston and Shrives (1991, pp.…”

mentioning

confidence: 99%

See 3 more Smart Citations

Investigating Risk Disclosure Practices in the European Insurance Industry

Höring

Gründl

2011

Geneva Pap Risk Insur Issues Pract

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Section: Profitabilitymentioning

confidence: 72%

Section: Risk Disclosure Measurementmentioning

confidence: 99%

Section: Banking Activities and Type Of Insurancementioning

confidence: 99%

mentioning

confidence: 99%

See 2 more Smart Citations

Investigating Risk Disclosure Practices in the European Insurance Industry

Höring

Gründl

2011

Geneva Pap Risk Insur Issues Pract

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“…They assert that this is due to the fact that large companies have higher number of stakeholders to whom the firm is accountable and as a result it has to present more information. On the other hand, Woods et al (2009) in their paper discover that increasing levels of disclosure and the size of the bank do not correlate but the bigger the report the more disclosures it contains. Yet again, Beretta and Bozzolan (2004) in their research on listed non-financial firms discover that the quantity of disclosures is not a satisfactory proxy for the quality of disclosure.…”

Section: Disclosurementioning

confidence: 93%

Risk Disclosure Policies: A cross-sectional analysis of the Greek Banking Industry

Anagnostopoulos¹,

Skordoulis²

2011

1st Annual International Conference on Accounting and Finance (AF 2011)

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In this paper, we examine the under-researched Greek banking market; inadequate transparency and disclosure about exposures has led to counterparty concerns and renewed strains in bank funding markets. Greek banks, now struggling with the need to increase provisions against bad debts, asset write-offs and with problems of liquidity as a result of being frozen out of the interbank lending market are completely reliant on the European Central Bank. The study examines the impact that Basel II had on the risk disclosure practices in the Greek banking sector. The disclosure practices and their potential relationship with size, risk profile and profitability of the most actively traded Greek banks are examined. In 2010, the latest wave of outcry from investors surfaced, demanding the disclosure of information showing how Greece and Greek banks used derivatives to hide their deficits when Greek banks entered into a large number of private, off-market swaps from 2001 through 2007. There is a compelling public interest in relevant information being disclosed.The results show that inadequacies still exist despite the fact that Basel II managed to raise the risk disclosing amounts in the annual reports of the Greek banks. The informational content of the disclosures is suspect, due to that little quantitative information is disclosed; favouritism towards qualitative and past related disclosures is revealed.Furthermore, no quasi-norms between the size, profitability or risk profile of the institutions and their risk disclosing quantities is revealed.Dr. Rosemary Skordoulis Principal London School of Business Management London, WC1E 7JN UK Disclosing policies and the quantity of disclosures have evolved, throughout the examined period in the Greek banking industry; yet, transparency issues and quality problems are still present owing to the high degree of secrecy of the internal Greek market.

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A qualitative analysis of bank credit risk disclosure: Evidence from the Canadian and Italian banking sectors

Lajili

Mohsni

Polizzi

et al. 2022

J Corp Accounting Finance

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This paper aims to analyze bank credit risk disclosure practices in two different geographical contexts characterized by a homogeneous regulatory framework (Canada and Italy), by means of a qualitative content analysis methodology. We employ an innovative approach, which allows us to investigate both the qualitative and quantitative profiles of disclosures. Unlike an entirely quantitative approach, this comprehensive methodology allows us to analyze in depth the disclosure practices of Canadian and Italian banks and detect their commonalities, differences, points of strength, and weaknesses. Our results show that although there are some variations in the disclosure practices of Canadian and Italian banks, the quality of their disclosures is not significantly different. Among the most relevant differences, it emerges that while Italian banks provide more comprehensive disclosures, Canadian banks offer a more holistic view on credit risk. We contribute to the scant literature on credit risk disclosure by identifying room for improvement for both Canadian and Italian banks.

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Market Risk Reporting by the World's Top Banks: Evidence on the Diversity of Reporting Practice and the Implications for Accounting Harmonisation

Cited by 26 publications

References 34 publications

Investigating Risk Disclosure Practices in the European Insurance Industry

Investigating Risk Disclosure Practices in the European Insurance Industry

Risk Disclosure Policies: A cross-sectional analysis of the Greek Banking Industry

A qualitative analysis of bank credit risk disclosure: Evidence from the Canadian and Italian banking sectors

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