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Linking Corporate Risk Disclosure Practices with Firm-Specific Characteristics in Saudi Arabia

Gadjah Mada International Journal of Business (GamaIJB) · Vol. 19 No. 3 (2017) · pp. 247–266

DOI
10.22146/gamaijb.26769
ISSN
2338-7238, 1411-1128
Published
2017-12-22
Publisher
Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada
Language
eng
License
creativecommons.org/licenses/by-sa/4.0

Abstract

This study explores Corporate Risk Disclosure practices (CRD) in the annual reports of Saudi (non-financial) listed companies and investigates the relationship between the Saudi firm-specific characteristics and the level of such practices. Using content analysis of a sample of 307 company-year observations over the period of 2008-2011, the results indicate that Saudi Arabia provides a moderate level of CRD among the developed and developing countries. However, the content of this CRD is found to be of a low quality, by including non-financial, qualitative, neutral, or non-time-specific information. In addition, the unbalanced panel regression analysis shows a significant positive influence of firm size and audit firm size on the level of CRD. This indicates that Saudi companies which disclose higher risk-related information are those characterised by their larger size, and are audited by the Big 4 audit firms. This study contributes to the risk literature by providing an initial understanding of the CRD practices and their variations in light of the firm-specific characteristics in emerging markets in general and Arab countries in particular..

Keywords

Collaboration network of the authors

4 authors · 6 co-authorship links · 5 across different organisations

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  • Universiti Malaysia Terengganu
  • Sultan Zainal Abidin University
  • Northern Border University
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
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Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.ugm.ac.id/gamaijb/oai, first harvested 28 Okt 2026, last seen 28 Okt 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en-US">Linking Corporate Risk Disclosure Practices with Firm-Specific Characteristics in Saudi Arabia</dc:title>
	<dc:creator>Ahmad, Norsiah</dc:creator>
	<dc:creator>Habtoor, Omer Saeed</dc:creator>
	<dc:creator>Mohamad, Nor Raihan</dc:creator>
	<dc:creator>Che Haat, Mohd Hassan</dc:creator>
	<dc:subject xml:lang="en-US">Business; Accounting</dc:subject>
	<dc:subject xml:lang="en-US">Corporate Risk Disclosure, Annual Reports, Firm-specific Characteristics, Saudi Arabia</dc:subject>
	<dc:subject xml:lang="en-US">M48 – Accounting &amp; Auditing (Government policy &amp; Regulation)</dc:subject>
	<dc:description xml:lang="en-US">This study explores Corporate Risk Disclosure practices (CRD) in the annual reports of Saudi (non-financial) listed companies and investigates the relationship between the Saudi firm-specific characteristics and the level of such practices. Using content analysis of a sample of 307 company-year observations over the period of 2008-2011, the results indicate that Saudi Arabia provides a moderate level of CRD among the developed and developing countries. However, the content of this CRD is found to be of a low quality, by including non-financial, qualitative, neutral, or non-time-specific information. In addition, the unbalanced panel regression analysis shows a significant positive influence of firm size and audit firm size on the level of CRD. This indicates that Saudi companies which disclose higher risk-related information are those characterised by their larger size, and are audited by the Big 4 audit firms. This study contributes to the risk literature by providing an initial understanding of the CRD practices and their variations in light of the firm-specific characteristics in emerging markets in general and Arab countries in particular..</dc:description>
	<dc:publisher xml:lang="en-US">Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada</dc:publisher>
	<dc:contributor xml:lang="en-US">Ministry of Higher Education and Aden University, Republic of Yemen, for financial support to first author</dc:contributor>
	<dc:date>2017-12-22</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.ugm.ac.id/gamaijb/article/view/26769</dc:identifier>
	<dc:identifier>10.22146/gamaijb.26769</dc:identifier>
	<dc:source xml:lang="en-US">Gadjah Mada International Journal of Business; Vol 19, No 3 (2017): September-December; 247-266</dc:source>
	<dc:source>2338-7238</dc:source>
	<dc:source>1411-1128</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.ugm.ac.id/gamaijb/article/view/26769/19306</dc:relation>
	<dc:relation>https://journal.ugm.ac.id/gamaijb/article/downloadSuppFile/26769/2290</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2017 Gadjah Mada International Journal of Business</dc:rights>
	<dc:rights xml:lang="en-US">http://creativecommons.org/licenses/by-sa/4.0</dc:rights>
</oai_dc:dc>