Results

Publications

Competition, Corporate Governance, Ownership Structure and Risk Reporting

Abstract

This study aims to measure the extent of mandatory and voluntary risk reporting and investigate the impact of competition, corporate governance and ownership structure on risk reporting practices in annual reports of Egyptian companies. The results indicate a low level of compliance with mandatory risk reporting requirements.A low extent of voluntary risk reporting with a tendency to report more backward-looking and qualitative risk disclosure compared to forward-looking and quantitative risk disclosure is indicated. Agency theory and proprietary cost provide explanations for the variation of risk reporting in corporate annual reports. It is suggested that competition, role duality, board size, ownership concentration, and auditor type are key determinants of risk reporting practices in Egypt.

Author(s)

Dr. Howard Mellett

Coauthor(s)

Dr. Ekramy Mokhtar

Journal/Conference Information

Managerial Auditing Journal,28(9), 838-865, 2013