The Effect of Firm Internal and External Characteristics on Risk Reporting Practices among Malaysian Listed Firms

Mazurina Mohd Ali(1), Ruzzana Abu Bakar(2), Erlane K Ghani(3),


(1) Faculty of Accountancy, Universiti Teknologi MARA, Malaysia
(2) Business Planning and Reporting, Group Finance, Telekom, Malaysia
(3) Accounting Research Institute, Universiti Teknologi MARA, Malaysia

Abstract

This study examines the effect of firm internal and external characteristics on risk reporting practices among the Malaysian public listed firms. Specifically, this study focuses on three internal characteristics namely, duality of board leadership, the presence of stand-alone risk management committee, and length of CEO tenure and external characteristics namely, competition, debt governance and auditor quality on the risk reporting practices among the Malaysian public listed firms. Using, content analysis on 200 top public listed firms in Bursa Malaysia, this study shows that one of the external characteristics namely, debt governance significantly influence risk disclosure among the Malaysian public listed firms. This study however, shows that none of the internal characteristics influence risk disclosure among the Malaysian public listed firms. The finding of this study provide further understanding on the nature of risk disclosure of Malaysian public listed firms.

Keywords

firm internal characteristics, external characteristics, risk disclosure, public listed firms, Malaysia

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DOI: https://doi.org/10.28992/ijsam.v2i2.53

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