Risk disclosure in sustainability reports: Empirical evidence from the energy sector

Filippo Vitolla, Nicola Raimo, Francesco Campobasso and Anastasia Giakoumelou

Utilities Policy, 2023, vol. 82, issue C

Abstract: Recently, companies in the energy sector have faced multiple financial and environmental risks. This finding demonstrates the need for energy companies to disclose risk information. However, academic attention on risk disclosure (RD) remains limited. Through manual content analysis and a regression model, this study examines the effect of the features of the board of directors and audit committee on the RD level in sustainability reports. The empirical findings reveal that the size and independence of the board of directors and the size of the audit committee positively affect the RD level.

Keywords: Sustainability reporting; Risk disclosure; Corporate governance (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:82:y:2023:i:c:s0957178723000991

DOI: 10.1016/j.jup.2023.101587

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