Risk Disclosure Noncompliance

23 Pages Posted: 17 Apr 2020

See all articles by Axel F. A. Adam-Muller

Axel F. A. Adam-Muller

University of Trier, Fachbereich IV - BWL

Michael H.R. Erkens

Erasmus University Rotterdam - Erasmus School of Economics; Erasmus Research Institute of Management (ERIM)

Date Written: April 1, 2020

Abstract

We examine companies’ risk disclosure compliance with IFRS risk disclosure rules for the first fiscal year following the year 2007. For a sample of 383 firms from 20 European countries we find that average risk disclosure compliance is 62 percent only. Countries’ enforcement strength is generally positively associated with risk disclosure compliance, and even more effective in the presence of outsiders’ monitoring. We highlight that cross-country differences in enforcement must be properly accounted for to ensure consistent risk disclosure compliance.

Keywords: risk disclosure, enforcement, noncompliance

JEL Classification: G18, G30, M41, M48

Suggested Citation

Adam-Muller, Axel F. A. and Erkens, Michael H.R., Risk Disclosure Noncompliance (April 1, 2020). Journal of Accounting and Public Policy, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3565695

Axel F. A. Adam-Muller

University of Trier, Fachbereich IV - BWL ( email )

Trier, D-54296
Germany
+49-651-2012725 (Phone)
+49-651-201-3841 (Fax)

HOME PAGE: http://finance.uni-trier,de

Michael H.R. Erkens (Contact Author)

Erasmus University Rotterdam - Erasmus School of Economics ( email )

P.O. Box 1738
3000 DR Rotterdam, NL 3062 PA
Netherlands

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

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