Disclosure of corporate risks and governance before, during and after the global financial crisis: case study in the UK construction industry in 2006–2009

Gulko, Nadezda and Hyde, Catriona and Seppala, Nina (2017) Disclosure of corporate risks and governance before, during and after the global financial crisis: case study in the UK construction industry in 2006–2009. International Journal of Disclosure and Governance, 14 (3). pp. 207-223. ISSN 1741-3591

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Disclosure of corporate risks and governance before, during and after the global financial crisis: case study in the UK construction industry in 2006–2009
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Abstract

The recent financial crisis highlighted the importance of risk disclosures for investors and the wider society. We examined changes in risk disclosures in three UK-based construction companies before, during and after the financial crisis. The findings suggest that a crisis motivates a rise in the volume and quality of information provided by companies, while during periods of stability, companies generally provide less information and the quality of information is generic and repetitive in nature. Based on our research, a crisis enhances the overall volume of disclosures and this level of disclosure is maintained after the crisis, while any improvements in the quality of risk information are temporary.

Keywords:risk disclosure, global financial crisis, corporate governance, construction industry, corporate board
Subjects:N Business and Administrative studies > N400 Accounting
N Business and Administrative studies > N341 Financial Risk
N Business and Administrative studies > N900 Others in Business and Administrative studies
Divisions:Lincoln International Business School
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ID Code:27042
Deposited On:16 May 2017 08:22

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