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Voluntary Risk Reporting In Annual Reports – Case Study Of The Practices Of Polish Public Companies

Author

Listed:
  • Monika-Wieczorek Kosmala

    (University of Economics in Katowice, Faculty of Finance and Insurance)

  • Joanna B³ach

    (University of Economics in Katowice, Faculty of Finance and Insurance)

  • Maria Gorczyñska

    (University of Economics in Katowice, Faculty of Finance and Insurance)

Abstract

Grounded on literature review on risk disclosures and risk reporting practices, the paper aims to explore the extent and content of voluntary risk reporting practices of non-financial companies. Annual reports, focusing on several areas of concern of sampled public companies from three different sectors were subject to content analysis combined with morphology analysis. The results show that the extent of risk disclosure within non-financial risk exposure is broad and not connected with the sector, which is similar to findings within the cohesion of reported risk exposure with those provided in the so-called “top 10 risk” rankings. However, disclosures concerning risk management practices visibly differ among the analysed sectors. The paper contributes to the existing debate on the need and practice of risk reporting by providing insight into practices of non-financial companies operating in Poland as an emerging economy.

Suggested Citation

  • Monika-Wieczorek Kosmala & Joanna B³ach & Maria Gorczyñska, 2014. "Voluntary Risk Reporting In Annual Reports – Case Study Of The Practices Of Polish Public Companies," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 10(4), pages 46-59, May.
    • Handle: RePEc:rze:efinan:v:10:y:2014:i:4:p:46-59
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    More about this item

    Keywords

    risk reporting; risk disclosures; risk management; annual reports Least Squares Method;
    All these keywords.

    JEL classification:

    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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