Emerald Article: UAE corporations-specific characteristics and level of risk disclosure Mostafa Kamal Hassan
To cite this document: Mostafa Kamal Hassan, (2009),"UAE corporations-specific characteristics and level of risk disclosure", Managerial Auditing Journal, Vol. 24 Iss: 7 pp. 668 - 687 Permanent link to this document: http://dx.doi.org/10.1108/02686900910975378 Downloaded on: 05-06-2012 References: This document contains references to 68 other documents To copy this document: firstname.lastname@example.org This document has been downloaded 1705 times since 2009. *
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UAE corporations-speciﬁc characteristics and level of risk disclosure Mostafa Kamal Hassan
Department of Accounting, College of Business Administration, University of Sharjah, Sharjah, United Arab Emirates Abstract
Purpose – The purpose of this paper is to explore the relationship between the UAE corporations-speciﬁc characteristics, mainly – size, level of risk, industry type and reserves – and level of corporate risk disclosure (CRD). Design/methodology/approach – Since the UAE is an emerging capital market, the paper relies on the positive accounting and the institutional theories to generate testable hypotheses and explain the empirical ﬁndings. The paper draws results depending on a sample of 41 corporations. A risk disclosure index – based on accounting standards, prior literature, and the UAE regulatory framework – has been crafted and calculated for each corporation in the sample. The relationship between the level of CRD and corporations’ characteristics is examined using multiple regression analysis. Findings – The results show that corporate size is not signiﬁcantly associated with the level of CRD. However, the corporate level of risk and corporate industry type are signiﬁcant in explaining the variation of CRD. Finally, in contrast with reserves-CRD hypothesized relationship, corporate reserve is insigniﬁcant and negatively associated with level of CRD. Research...