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Risk Management Committee and Disclosure of Hedging Activities Information among Malaysian Listed Companies

Author

Listed:
  • Abdullah, Azrul
  • Ku Ismail, Ku Nor Izah
  • Mat Isa, Norshamshina

Abstract

This paper examines the relationship between Risk Management Committee (RMC) characteristics and the extent of hedging activities disclosure within the annual reports of the Malaysian listed companies. In particular, relationships are tested on RMC size, independence, RMC meeting, RMC gender diversity and RMC training. Our regression analysis shows that RMC independence significantly and negatively influences the extent of hedging activities information disclosure, while RMC meeting positively influences the disclosure. The implications of these findings are discussed.

Suggested Citation

  • Abdullah, Azrul & Ku Ismail, Ku Nor Izah & Mat Isa, Norshamshina, 2015. "Risk Management Committee and Disclosure of Hedging Activities Information among Malaysian Listed Companies," MPRA Paper 77962, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:77962
    as

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    File URL: https://mpra.ub.uni-muenchen.de/77962/1/MPRA_paper_77962.pdf
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    References listed on IDEAS

    as
    1. Azrul Bin Abdullah & Ku Nor Izah Ku Ismail, 2008. "Disclosure of Voluntary Accounting Ratios by Malaysian Listed Companies," Journal of Financial Reporting and Accounting, Emerald Group Publishing, vol. 6(1), pages 1-20, January.
    2. Tuan-Hock Ng, 2013. "Is the risk management committee only a procedural compliance?," Journal of Risk Finance, Emerald Group Publishing, vol. 14(1), pages 71-86, February.
    3. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    4. Matthew Bamber & Kevin McMeeking, 2010. "An examination of voluntary financial instruments disclosures in excess of mandatory requirements by UK FTSE 100 non-financial firms," Journal of Applied Accounting Research, Emerald Group Publishing, vol. 11(2), pages 133-153, September.
    5. Jacqueline Birt & Michaela Rankin & Chen L. Song, 2013. "Derivatives use and financial instrument disclosure in the extractives industry," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 53(1), pages 55-83, March.
    6. Lopes, Patricia Teixeira & Rodrigues, Lucia Lima, 2007. "Accounting for financial instruments: An analysis of the determinants of disclosure in the Portuguese stock exchange," The International Journal of Accounting, Elsevier, vol. 42(1), pages 25-56.
    7. Beretta, Sergio & Bozzolan, Saverio, 2004. "Reply to: Discussions of "A framework for the analysis of firm risk communication"," The International Journal of Accounting, Elsevier, vol. 39(3), pages 303-305.
    8. Grantley Taylor & Greg Tower & Mitchell Van Der Zahn & John Neilson, 2008. "Corporate governance determinants on Australian resource companies' financial instrument disclosure practices," Asian Review of Accounting, Emerald Group Publishing, vol. 16(1), pages 56-73, May.
    9. Beretta, Sergio & Bozzolan, Saverio, 2004. "A framework for the analysis of firm risk communication," The International Journal of Accounting, Elsevier, vol. 39(3), pages 265-288.
    10. Ljiljana Erakovic & Sanjay Goel, 2008. "Board-Management Relationships: Resources and Internal Dynamics," management revue. Socio-economic Studies, Rainer Hampp Verlag, vol. 19(1+2), pages 53-69.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Financial Instruments; Hedging Activities; Disclosure Index; Risk Management Committee; Disclosure;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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