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Determinants of financial instruments risk disclosure: An empirical analysis in the banking sector
| Content Provider | Semantic Scholar |
|---|---|
| Author | Allini, Alessandra Ferri, Luca Maffei, Marco Zampella, Annamaria |
| Copyright Year | 2020 |
| Abstract | The aim of this study is to investigate firm and country factors affecting Financial Instruments Risk Disclosure (FIRD) in the European banking sector on the basis of the mandatory information requested by the International Financial Reporting Standard no. 7 (IFRS 7). IFRS 7 attempts to enhance transparency in the banking system (Bischof, 2009), on the ground that an increase in financial risk disclosure is likely to reduce instability (Oliveira, Lima Rodrigues, & Craig, 2011) and enhance performance through information disclosure (Wakaisuka-Isingoma, 2018). However, scholars (i.e. Coluccia, Fontana, Graziano, Rossi, & Solimene, 2017; Anandarajan, Francis, Hasan, & John, 2011; Linsley & Lawrence, 2007; Linsley & Shrives, 2006), practitioners and regulation bodies (i.e. ICAEW, 2011; KPMG, 2009, 2008; Ernst & Young, 2008; PWC, 2008) warn that banks often failed in disclosing clearly the magnitude of risk of financial instruments, and the underlying economics of financial investments (i.e. Maffei, Aria, Fiondella, Spanò, & Zagaria, 2014; Paaple & Speklè, 2012; Magnan & Markarian, 2011; Beretta & Bozzolan, 2004; Cabedo & Tirado, 2004). Abstract |
| Starting Page | 20 |
| Ending Page | 31 |
| Page Count | 12 |
| File Format | PDF HTM / HTML |
| DOI | 10.22495/cocv17i2art2 |
| Volume Number | 17 |
| Alternate Webpage(s) | https://www.virtusinterpress.org/IMG/pdf/cocv17i2art2_.pdf |
| Alternate Webpage(s) | https://doi.org/10.22495/cocv17i2art2 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
