Public visibility and risk-related disclosures in Portuguese credit institutions

Jonas Oliveira and Lúcia Lima Rodrigues and Russell Craig

Journal of Risk

Abstract: ABSTRACT This study analyzes individual annual reports for 2006 to assess factors affecting the risk-related disclosures of 185 Portuguese credit institutions. Based on legitimacy theory and on resources-based perspectives, a new proxy for public visibility is proposed in order to explain the importance of monitoring by stakeholders in explaining risk-related disclosure. A statistically significant relationship is found between risk-related disclosures of Portuguese credit institutions and their public visibility. Managers of Portuguese credit institutions with high public visibility attribute greater importance to risk-related disclosure than do banks with lower public visibility. They appear to do so to gain or maintain legitimacy and improve their reputation.

References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.risk.net/journal-of-risk/2275348/publi ... -credit-institutions (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rsk:journ4:2275348

Access Statistics for this article

More articles in Journal of Risk from Journal of Risk
Bibliographic data for series maintained by Thomas Paine ().