%0 Journal Article
%T Company Risk-related Disclosures in a Code Law Country: A Synopsis
%A Jonas Oliveira
%A L¨²cia Lima Rodrigues
%A Russell Craig
%J Australasian Accounting Business and Finance Journal
%D 2013
%I University of Wollongong
%X This synopsis provides a concise historical contextualisation of current risk disclosure issues, highlights major factors influencing contemporary risk reporting practices, and engages in a reflective overview of four recently published papers on aspects of corporate risk-related disclosures in a code law country, Portugal. The breadthand depth of our analysis is modest. Nonetheless we report findings indicating that risk-related disclosures are inadequate, lack transparency, and compound the difficulty of assessing the risk profile of a company. We contend that recent regulation initiatives have been of dubious effectiveness in improving the quality of riskinformation disclosed. In respect of the Portuguese context, we find that companies disclose risk-related information principally to reduce agency costs and to enhance corporate reputation. We contend that enhanced corporate accountability would be more likely to ensue if further disclosures of relevant risk-related information were mandated. One mechanism to do so would be through regulations recommended by the International Integrated Reporting Committee (IIRC).
%K Risk
%K management
%K disclosures
%K visibility
%K reputation
%K agency
%K Portugal
%U http://ro.uow.edu.au/aabfj/vol7/iss1/8