Relying on a proprietary, hand-collected database about the risk disclosure of oil-companies this paper analyses whether mandatory-voluntary disclosures are related. We find that the likelihood of a voluntary risk disclosure increases with the level of mandatory risk disclosure up to a threshold above which companies reduce their voluntary disclosures.
Mandatory and voluntary risk disclosure: Evidence from oil companies / Arena, Claudia; Imperatore, Claudia; Bozzolan, Saverio. - (2017). (Intervento presentato al convegno XXXVIII Convegno Nazionale AIDEA “Tendenze Nuove” Negli Studi Economico-Aziendali. L’evoluzione Dei Rapporti Azienda-Società tenutosi a Università degli Studi Roma Tre, Roma, Italia nel 14-15 Settembre 2017).
Mandatory and voluntary risk disclosure: Evidence from oil companies
Claudia Arena;
2017
Abstract
Relying on a proprietary, hand-collected database about the risk disclosure of oil-companies this paper analyses whether mandatory-voluntary disclosures are related. We find that the likelihood of a voluntary risk disclosure increases with the level of mandatory risk disclosure up to a threshold above which companies reduce their voluntary disclosures.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.