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The board's role in risk disclosure: an exploratory study of Italian listed state-owned enterprises

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  • Alessandra Allini
  • Francesca Manes Rossi
  • Khaled Hussainey

Abstract

The determinants of risk disclosure in the annual reports of listed state-owned enterprises (SOEs) have yet to be fully explored. This paper examines the potential impact of the composition of the boards of directors and other company-specific features on risk disclosure levels. The presence of women on a board made a significant difference to risk disclosure, as did the age of board members. Board directors having an accounting or finance/business qualification affected risk disclosure negatively; company size and an internet visibility were positively related to risk disclosure. Although an Italian study, the lessons here will have application to academia and to practitioners, policy-makers and standard-setters worldwide.

Suggested Citation

  • Alessandra Allini & Francesca Manes Rossi & Khaled Hussainey, 2016. "The board's role in risk disclosure: an exploratory study of Italian listed state-owned enterprises," Public Money & Management, Taylor & Francis Journals, vol. 36(2), pages 113-120, March.
    • Handle: RePEc:taf:pubmmg:v:36:y:2016:i:2:p:113-120
    DOI: 10.1080/09540962.2016.1118935
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