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Moderating Role of Governance in Risk-Disclosure Relationship

In: Understanding Corporate Risk

Author

Listed:
  • M. V. Shivaani

    (Indian Institute of Management (IIM), VNIT Campus)

  • P. K. Jain

    (Indian Institute of Technology Delhi)

  • Surendra S. Yadav

    (Indian Institute of Technology Delhi)

Abstract

This chapter aims to explore the relationships among risk disclosure index, risk governance indexRisk governance index and risk indexRisk index . In view of the possible endogeneityEndogeneity problem, diff-GMMGeneralised Method of Moments (GMM) regression has been used. The empirical analysis reveals that current risk levels of a company are significantly and positively associated with risk levels of immediately preceding year. It is noteworthy that risk governance index acts as a moderating variableModerating variable , influencing the relationship between disclosure index and risk levels. In addition, current disclosure levels are significantly and positively associated with previous year’s disclosure. This supports the view of symbolic rather than substantive disclosures.

Suggested Citation

  • M. V. Shivaani & P. K. Jain & Surendra S. Yadav, 2019. "Moderating Role of Governance in Risk-Disclosure Relationship," India Studies in Business and Economics, in: Understanding Corporate Risk, chapter 0, pages 223-249, Springer.
    • Handle: RePEc:spr:isbchp:978-981-13-8141-6_7
    DOI: 10.1007/978-981-13-8141-6_7
    as

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