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Executives' perceptions of risk management disclosures and its determinants: a developing country perspective

Shamsun Nahar (AFE, Griffith University, Brisbane, Australia)
Mohammad Istiaq Azim (North South University, Dhaka, Bangladesh)

Journal of Accounting in Emerging Economies

ISSN: 2042-1168

Article publication date: 10 February 2022

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Abstract

Purpose

The paper aims to provide insights into executives' perceptions of risk management disclosures and such disclosures' determinants. The paper extends the emerging literature by using institutional theories in the context of a developing country.

Design/methodology/approach

Semi-structured in-depth interviews were conducted with 36 executives directly involved in risk management disclosures, policy-making and monitoring.

Findings

The interview data show evidence that corporate risk management disclosures are still at a low level. The reasons for non-disclosure can be related to institutional weaknesses, lack of disciplinary action and political interference. Additionally, central bank autonomy, limited perception of accountability, demand from influential stakeholders, lack of financial literacy, aim to keep annual reports brief, etc. results in the dearth of risk disclosure by the banks.

Research limitations/implications

The study suggests that understanding the importance of risk management disclosures and preparing for the uncertainty will keep the business moving.

Originality/value

The study seeks to contribute to the literature by investigating the executives' perceptions of risk management disclosures and its' determinants in the context of a developing country where non-compliance to the regulatory standard is high.

Keywords

Citation

Nahar, S. and Azim, M.I. (2022), "Executives' perceptions of risk management disclosures and its determinants: a developing country perspective", Journal of Accounting in Emerging Economies, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JAEE-04-2020-0090

Publisher

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Emerald Publishing Limited

Copyright © 2021, Emerald Publishing Limited

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