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A framework for the analysis of firm risk communication

Beretta, Sergio, Bozzolan, Saverio·2004·The International Journal of Accounting
DOI 10.1016/j.intacc.2004.06.006
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Abstract

In this paper, we propose a framework for the analysis of risk communication and an index to measure the quality of risk disclosure. Mainstream literature on voluntary disclosure has emphasized that quantity can be used as a sound proxy for quality. We contend that, in the analysis of the disclosure of risks made by public companies, attention has to be paid not only to how much is disclosed but also to what is disclosed and how. We apply the framework to a sample of nonfinancial companies listed in the ordinary market on the Italian Stock Exchange. To verify that the framework and synthetic index are not influenced by the two factors recognized in the literature as the most powerful drivers of disclosure behavior for listed companies, we use an OLS model. The regression shows that the index of disclosure quantity is not influenced either by size or industry. Thus, the synthetic measure can be used to rank the quality of the disclosure of risks.

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Research works printed but not linked: 40

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Metadata

Authors
Beretta, S., & Bozzolan, S.
Venue
The International Journal of Accounting
Publisher
World Scientific Pub Co Pte Ltd
Published
2004-01
Volume
39
Issue
3
Pages
265-288
ISSN
0020-7063 (ISSN-L)
DOI
10.1016/j.intacc.2004.06.006
OpenAlex
W2030765894
Cited by
653
References
0
FWCI
12.01
Type
journal article
Language
en
Open access
closed
Licence
www.elsevier.com/tdm/userlicense/1.0/ (tdm)

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CoChat. (2026). Citation check: A framework for the analysis of firm risk communication. https://app.cochat.ai/papers/10.1016/j.intacc.2004.06.006
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Beretta, S., & Bozzolan, S. (2004). A framework for the analysis of firm risk communication. The International Journal of Accounting. https://doi.org/10.1016/j.intacc.2004.06.006

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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