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Publication Detailed Description
Public visibility and risk-related disclosures in Portuguese credit institutions
Journal Title
Journal of Risk
Year (definitive publication)
2013
Language
English
Country
United States of America
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Abstract
This study analyzes individual annual reports for 2006 to assess factors affecting
the risk-related disclosures of 185 Portuguese credit institutions. Based on legitimacy
theory and on resources-based perspectives, a new proxy for public visibility
is proposed in order to explain the importance of monitoring by stakeholders in
explaining risk-related disclosure. A statistically significant relationship is found
between risk-related disclosures of Portuguese credit institutions and their public
visibility. Managers of Portuguese credit institutions with high public visibility
attribute greater importance to risk-related disclosure than do banks with lower
public visibility. They appear to do so to gain or maintain legitimacy and improve
their reputation.
Acknowledgements
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Keywords
Fields of Science and Technology Classification
- Economics and Business - Social Sciences
Contributions to the Sustainable Development Goals of the United Nations
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