Corporate governance reform and risk management disclosures: Evidence from Nigeria

Business and Economic Horizons Pub Date : 2017-01-01 DOI:10.15208/BEH.2017.26

M. Kakanda, B. Salim, Sitraselvi Chandren

引用次数: 8

Abstract

The purpose of this study is to examine the disclosure intensity of risk management practices of listed financial service firms in Nigeria after the Corporate Governance (CG) reform in the year 2011. In the quest to achieve the objective of this study, content analysis of the annual reports of 45 sampled firms spanning from the year 2012 to 2015 was carried out. The study finds that there is a significant disclosure of risk management practices of the sampled firms, especially in relation to their risk management committee structure and its responsibility, risk management policies, audit committee availability and function, and capital/market risks. The sample firms remain reluctant in the disclosure of their environmental risk and operational risks. Moreover, there is no significant difference between banks and nonbanks in the disclosure of their risk management practices, signifying a strong adherence to the 2011 reformed CG code in Nigeria.

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公司治理改革与风险管理披露:来自尼日利亚的证据

本研究的目的是考察2011年公司治理改革后尼日利亚上市金融服务公司风险管理实践的披露强度。为了实现本研究的目标，对2012年至2015年45家抽样公司的年度报告进行了内容分析。研究发现，抽样公司风险管理实践的披露程度较高，特别是在风险管理委员会的结构及其职责、风险管理政策、审计委员会的可用性和功能以及资本/市场风险方面。样本企业仍不愿披露其环境风险和经营风险。此外，银行和非银行在风险管理实践的披露方面没有显著差异，这表明尼日利亚严格遵守2011年改革后的CG代码。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Business and Economic Horizons ECONOMICS-

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