风险管理委员会和风险管理披露的可读性

IF 2.9 3区 管理学 Q2 BUSINESS, FINANCE
Jing Jia, Zhongtian Li
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引用次数: 5

摘要

本文探讨风险管理委员会的存在是否与风险管理披露的可读性有关。具体而言,我们考虑风险管理委员会的存在和有效性。我们使用6个不同的可读性指标来衡量风险管理披露的可读性,即:Bog指数;Flesch Reading Ease得分;Coleman-Liau指数;Flesch-Kincaid等级;简单衡量官样文章;和自动阅读索引。我们发现风险管理委员会的存在和有效性与风险管理披露的高可读性相关。我们采用各种方法,包括工具变量方法,熵平衡方法和动态广义矩方法,来解决内生性问题。综上所述,我们的结果突出了风险管理委员会在沟通风险管理信息方面的重要作用。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Risk management committees and readability of risk management disclosure

This paper examines whether the presence of risk management committees is associated with the readability of risk management disclosure. Specifically, we consider the presence and the effectiveness of risk management committees. We measure the readability of risk management disclosure using six different readability indices, namely: Bog index; Flesch Reading Ease score; Coleman–Liau index; Flesch–Kincaid Grade level; Simple Measure of Gobbledygook; and Automated Reading index. We find that the presence and the effectiveness of risk management committees are associated with the higher readability of risk management disclosure. We adopt various methods, including an instrumental variable approach, the entropy balancing method and the dynamic generalised method of moments, to address endogeneity concerns. Taken together, our results highlight the important role of the risk management committee in communicating risk management information.

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来源期刊
CiteScore
6.00
自引率
3.00%
发文量
24
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