Risk Disclosure Practices among Malaysian Listed Firms

Farahnaz Orojali Zadeh, Siti Zaleha Abdul Rasid, Rohaida Basiruddin, Nor Aiza Mohammmed Zamil and Amin Vakilbashi
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Farahnaz Orojali Zadeh: International Business School, Universiti Teknologi Malaysia, Kuala Lumpur, Malaysia,
Siti Zaleha Abdul Rasid: International Business School, Universiti Teknologi Malaysia, Kuala Lumpur, Malaysia,
Rohaida Basiruddin: International Business School, Universiti Teknologi Malaysia, Kuala Lumpur, Malaysia,
Nor Aiza Mohammmed Zamil: International Business School, Universiti Teknologi Malaysia, Kuala Lumpur, Malaysia,
Amin Vakilbashi: International Business School, Universiti Teknologi Malaysia, Kuala Lumpur, Malaysia.

International Journal of Economics and Financial Issues, 2016, vol. 6, issue 3, 1092-1096

Abstract: This study discusses the development of risk disclosure policy in Malaysia after the 1997 financial crisis and provides evidence on the importance of risk disclosure over the recent years. Analysis on the trend of risk disclosure based on the new development was carried out through content analysis. The findings show positive trend of development in risk disclosure practices in Malaysia over the period of 2001-2011. In addition, risk disclosure sentences were found to be insufficient and should be rectified. There is a need to revisit the current regulations and standards to improve the risk disclosure practices and to follow internationally-based accounting policy.

Keywords: Risk Disclosure; Regulatory; Malaysia (search for similar items in EconPapers)
JEL-codes: M40 (search for similar items in EconPapers)
Date: 2016
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