Corporate governance reforms and risk disclosure quality: evidence from an emerging economy

Research output: Contribution to journalArticlepeer-review

Standard Standard

Corporate governance reforms and risk disclosure quality: evidence from an emerging economy. / Gull, Ammar ; Abid, Ammar ; Hussainey, Khaled et al.
In: Journal of Accounting in Emerging Economies, Vol. 13, No. 2, 29.03.2023, p. 331-354.

Research output: Contribution to journalArticlepeer-review

HarvardHarvard

Gull, A, Abid, A, Hussainey, K, Ahsan, T & Haque, A 2023, 'Corporate governance reforms and risk disclosure quality: evidence from an emerging economy', Journal of Accounting in Emerging Economies, vol. 13, no. 2, pp. 331-354. https://doi.org/10.1108/JAEE-11-2021-0378

APA

Gull, A., Abid, A., Hussainey, K., Ahsan, T., & Haque, A. (2023). Corporate governance reforms and risk disclosure quality: evidence from an emerging economy. Journal of Accounting in Emerging Economies, 13(2), 331-354. https://doi.org/10.1108/JAEE-11-2021-0378

CBE

Gull A, Abid A, Hussainey K, Ahsan T, Haque A. 2023. Corporate governance reforms and risk disclosure quality: evidence from an emerging economy. Journal of Accounting in Emerging Economies. 13(2):331-354. https://doi.org/10.1108/JAEE-11-2021-0378

MLA

VancouverVancouver

Gull A, Abid A, Hussainey K, Ahsan T, Haque A. Corporate governance reforms and risk disclosure quality: evidence from an emerging economy. Journal of Accounting in Emerging Economies. 2023 Mar 29;13(2):331-354. Epub 2022 May 11. doi: 10.1108/JAEE-11-2021-0378

Author

Gull, Ammar ; Abid, Ammar ; Hussainey, Khaled et al. / Corporate governance reforms and risk disclosure quality: evidence from an emerging economy. In: Journal of Accounting in Emerging Economies. 2023 ; Vol. 13, No. 2. pp. 331-354.

RIS

TY - JOUR

T1 - Corporate governance reforms and risk disclosure quality: evidence from an emerging economy

AU - Gull, Ammar

AU - Abid, Ammar

AU - Hussainey, Khaled

AU - Ahsan, Tanveer

AU - Haque, Abdul

PY - 2023/3/29

Y1 - 2023/3/29

N2 - PurposeThe purpose of this paper is to examine the impact of corporate governance (hereafter, CG) reforms on the risk disclosure quality in an emerging economy, namely Pakistan. The authors also investigate the impact of CG reforms on the relationship between CG practices and risk disclosure quality.Design/methodology/approachThe authors use a manual content analysis method to a sample of non-financial companies listed on the PSX-100 index for 2009–2015, to examine the impact of CG reforms on risk disclosure quality. The authors use pooled ordinary least squares and the system GMM estimations to test the research hypotheses.FindingsThe authors find that CG reforms have a positive impact on risk disclosure quality. The results indicate that certain CG practices such as CEO duality and board independence are associated with risk disclosure quality. Interestingly, the findings also highlight the effectiveness of CG reforms by showing that the revised code positively moderates the CG practices and risk disclosure relationship.Practical implicationsThe findings of the study have policy implications for regulatory bodies of emerging economies trying to strengthen the CG structures and to introduce risk disclosure regulations to cater the information need of stakeholders.Originality/valueThe authors provide new empirical evidence for the impact of CG reforms on risk disclosure quality using a unique setting of an emerging economy, namely Pakistan.

AB - PurposeThe purpose of this paper is to examine the impact of corporate governance (hereafter, CG) reforms on the risk disclosure quality in an emerging economy, namely Pakistan. The authors also investigate the impact of CG reforms on the relationship between CG practices and risk disclosure quality.Design/methodology/approachThe authors use a manual content analysis method to a sample of non-financial companies listed on the PSX-100 index for 2009–2015, to examine the impact of CG reforms on risk disclosure quality. The authors use pooled ordinary least squares and the system GMM estimations to test the research hypotheses.FindingsThe authors find that CG reforms have a positive impact on risk disclosure quality. The results indicate that certain CG practices such as CEO duality and board independence are associated with risk disclosure quality. Interestingly, the findings also highlight the effectiveness of CG reforms by showing that the revised code positively moderates the CG practices and risk disclosure relationship.Practical implicationsThe findings of the study have policy implications for regulatory bodies of emerging economies trying to strengthen the CG structures and to introduce risk disclosure regulations to cater the information need of stakeholders.Originality/valueThe authors provide new empirical evidence for the impact of CG reforms on risk disclosure quality using a unique setting of an emerging economy, namely Pakistan.

U2 - 10.1108/JAEE-11-2021-0378

DO - 10.1108/JAEE-11-2021-0378

M3 - Article

VL - 13

SP - 331

EP - 354

JO - Journal of Accounting in Emerging Economies

JF - Journal of Accounting in Emerging Economies

SN - 2042-1168

IS - 2

ER -