风险委员会与风险披露质量:来自尼日利亚上市保险公司的证据

Najib Abbas Wada, Naja'atu Bala Rabiu, Kabiru Isa Dandago
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摘要

目的:研究2011-2021年尼日利亚上市保险公司风险委员会特征对风险披露质量(RDQ)的影响。设计/方法-研究数据来自于从21家上市保险公司中抽取的17家上市保险公司的年度报告和财务报表。本研究采用描述性汇总统计、相关分析、回归分析、因子分析等方法对收集到的数据进行分析。结果-通过因子分析发现,风险披露量(RDQUANT)的特征值最高,是上市保险公司风险披露的综合质量,表明RDQUANT最能衡量保险公司的风险披露。运用GLS回归分析发现,风险委员会规模(RCS)和风险委员会会议(RCM)对尼日利亚上市保险公司的RDQ有显著的正向影响。相反,风险委员会高管存在对上市保险公司RDQ的负向影响不显著。研究局限性/启示-这一结果影响了监管机构制定弹性公司治理准则的努力,以保证定性风险披露。该研究建议,尼日利亚保险业的监管机构应该强制建立大型风险委员会,并在传统的季度会议之外,为委员会会议设定更高的门槛。风险委员会应由较少数量的执行董事组成。新颖性/原创性-本研究的原创性在于使用因素分析来确定尼日利亚风险披露质量的最佳衡量标准。此外,这是同类研究中首次确定风险委员会属性对尼日利亚保险业风险披露质量的影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Risk Committee and Risk Disclosure Quality: Evidence from Listed Insurance Firms in Nigeria
Objective –This study investigated the impact of risk committee characteristics on the risk disclosure quality (RDQ) of listed insurance firms in Nigeria from 2011-2021.Design/Methodology –Data for the research was generated from the annual reports and financial statements of seventeen listed insurance firms sampled out of a population of twenty-one. The study employed descriptive summary statistics, correlation analysis, regression analysis and factor analysis to analyze the data gathered.Results –Using factor analysis, it was found that Risk Disclosure Quantity (RDQUANT) has the highest eigenvalue, making it the composite quality of the risk disclosure of listed insurance firms and denoting that the RDQ of insurance firms is best measured by the RDQUANT. Using GLS regression, it was found that Risk Committee Size (RCS) and Risk Committee Meeting (RCM) have a significant positive impact on the RDQ of Listed Insurance firms in Nigeria. Contrary, Risk Committee Executive Presence (RCEXP) has an insignificant negative impact on the RDQ of the listed insurance firms.Research limitations/implications –This result influences the efforts of regulatory authorities in their attempt to develop resilient corporate governance codes that guarantee qualitative risk disclosures. The study recommends that regulatory authorities in the Nigerian insurance industry should mandate the establishment of large risk committees and set higher thresholds for committee meetings over and above the traditional quarterly meeting. The risk committee should be composed of a lower number of executive directors.Novelty/Originality –The originality of this study lies in the usage of factor analysis to determine the best measure of risk disclosure quality in Nigeria. In addition, this is the first study of its kind to determine the impact of risk committee attributes on risk disclosure quality in the Nigerian Insurance industry.
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