Financial Risk Disclosure and Financial Attributes among Publicly Traded Manufacturing Companies: Evidence from Bangladesh
1
Institute of Bangladesh Studies, University of Rajshahi, Rajshahi 6205, Bangladesh
2
Department of Accounting and Information Systems, University of Rajshahi, Rajshahi 6205, Bangladesh
3
School of Accountancy, Fogelman College of Business and Economics, The University of Memphis, Memphis, TN 38152, USA
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Author to whom correspondence should be addressed.
J. Risk Financial Manag. 2018, 11(3), 50; https://doi.org/10.3390/jrfm11030050
Received: 30 July 2018 / Revised: 14 August 2018 / Accepted: 15 August 2018 / Published: 20 August 2018
(This article belongs to the Special Issue Trends in Emerging Markets Finance, Institutions and Money)
We explore the relationship between the degree of financial risk disclosure and a firm’s financial attributes. Financial risk disclosure indices (FRDIs) are calculated based on a set of 30 disclosure identifiers through content analysis of the annual reports of 48 manufacturing companies over a six-year period (2010–2015) in Bangladesh. We find no common practice among the companies in disclosing financial risk by integrating a customized financial risk disclosure into their financial reporting process. The results indicate that firm size, financial performance, and auditor type are positively and significantly associated with the level of financial risk disclosure.
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MDPI and ACS Style
Dey, R.K.; Hossain, S.Z.; Rezaee, Z. Financial Risk Disclosure and Financial Attributes among Publicly Traded Manufacturing Companies: Evidence from Bangladesh. J. Risk Financial Manag. 2018, 11, 50.
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