Financial Risk Disclosure and Financial Attributes among Publicly Traded Manufacturing Companies: Evidence from Bangladesh

Ripon Kumar Dey, Syed Zabid Hossain and Zabihollah Rezaee
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Ripon Kumar Dey: Institute of Bangladesh Studies, University of Rajshahi, Rajshahi 6205, Bangladesh
Syed Zabid Hossain: Department of Accounting and Information Systems, University of Rajshahi, Rajshahi 6205, Bangladesh
Zabihollah Rezaee: School of Accountancy, Fogelman College of Business and Economics, The University of Memphis, Memphis, TN 38152, USA

JRFM, 2018, vol. 11, issue 3, 1-16

Abstract: 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.

Keywords: financial risk; annual report; developing countries; financial attributes; Bangladesh (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (8)

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